Types of Sports Betting Systems

Most people have heard those legends about people who invented and used sports betting systems to avoid losses and obtain great profits in the end. Well, in today’s high-tech world, where the sports betting industry is continually growing and making a more significant profit every year, it is almost impossible to think that many people still live from betting. Many have said that maybe it’s because of the sports betting systems they use that they continue to bet in the hope of winning bucks. The truth of the matter is, there is really no particular system that can promise you 100% profit and no risk.

Nevertheless, many bettors believe that there are still certain sports betting systems that work pretty well for a lot of people. These sports betting systems, although functional to some extent, impose more considerable risk for the players. Here are a few of them:

Martingale System

Martingale System is the best-known sports betting system in the world. It has nothing to do with picking the winner, as the whole story of this system is in picking the right stakes. According to some resources, the Martingale sports betting system is based on the probability of losing infinite times in a row. It is applied by starting with one bet, and starting again if you win. However, if you lose, you double your bet, and each time you lose, you double your last lost bet. As believed, this will eventually make you win the betting and when you win you would recover all your lost bets plus one unit profit against your initial wager. The most important sentence when it comes to Martingale is “double your stake after you loose and start again when you win”.

Parlay System

Parlay System is one of the most well-known sports betting systems and is commonly used in horse racing. Experts have said that unlike the other sports betting systems, the Parlay System has the effect of pyramiding your profit. Pyramiding is actually a parlay wager whereby the original wager plus its winnings are played on successive wagers. Following the principles of pyramiding, what is basically involved in the Parlay System of sports betting is that you make a bet and if you win you re-invest the winnings on the next bet. So in horse racing, for example, you simply let it ride. Also, unlike the other sports betting systems, the Parlay System offers the least amount of risk of all wagers for the reason that the bettors are only concerned with either a win, place or show selection or a combination of the three.

Paroli System

Of all the well-known sports betting systems, the Paroli System is said to be the opposite of Martingale. The difference is that on Paroli, you start with one bet and increase the bet when you win rather than lose. The main advantage of this one of the most popular sports betting systems is that you do not need a large bankroll. The system lets the profit run and cut short the losses.

Again, there is no perfect betting system that guarantees you profit all of the time. It’s all about knowing the systems, knowing your odds, and having reliable source information.

Lastly, many bettors believe that online sports betting gives them better chances of winning. Perhaps this is for the idea that when you bet online, with several online sportsbooks, you get the full idea of what the best lines and odds are. You also know what factors may affect the outcome of the game, giving you a hint of what to bet and how much.