| This article examines the principles of three types of | | | | consecutive loses. A player makes a base wager in |
| sports betting systems. Even the most casual sports | | | | order to win 1 unit. If the player loses his wager, he |
| bettors have heard of the legendary gambling | | | | then places a second wager in order to win 1 unit and |
| masterminds that have invented and utilized sports | | | | the amount he lost on his first wager. This cycle is |
| betting systems in order to curtail loses and ultimately | | | | repeated until the player encounters a win. Once the |
| gain massive profits. In our tech savvy culture, where | | | | player's wager is successful, he then starts over by |
| the sports betting industry is continually expanding and | | | | placing another wager to win 1 unit. Each cycle |
| earning increasingly larger profits every year, it is | | | | profits 1 unit. Due to the exponential nature of the bet |
| virtually impossible to imagine gamblers still making a | | | | increases, without proper money management, a |
| living off of sports betting. Many sports bettors | | | | player could very quickly over-bet his bankroll and, in |
| attribute their continued profitability and success to the | | | | turn, completely wipe himself out. |
| sports betting systems they use. The truth of the | | | | Parlay System |
| matter is, there is no one system that can absolutely | | | | The Parlay System is another of the widely known |
| guarantee a positive outcome. | | | | sports betting systems. It is commonly implemented |
| Nevertheless, many very knowledgeable bettors | | | | in horse racing. Experts often note that, unlike many |
| continue to stand by the fact that certain sports | | | | of the other sports betting systems, the Parlay |
| betting systems offer a great opportunity for success. | | | | System has the effect of pyramiding a player's profits. |
| These sports betting systems, while functional to an | | | | Pyramiding is a form of parlay wagering which |
| extent, often place the players in very high risk | | | | entails placing a series of successive bets which |
| situations. That being said, sports betting systems are | | | | include the original wager and the previous winnings. |
| not for the faint of heart. For those readers with ice | | | | A player will place a base bet to win 1 unit. If he |
| running through their veins, here are basic principles to | | | | wins, the player will place a second wager combining |
| a few of them : | | | | his base wager and his re-invested winnings from the |
| Martingale System | | | | previous bet. When betting on horse racing, for |
| The Martingale System is the most commonly known | | | | example, you simply "let it ride". As opposed to most |
| of all sports betting systems in the world. The | | | | other sports betting systems, the Parlay System |
| system has very little to do with actually determining | | | | offers the least risk. This stems from the fact that |
| the winners, but instead, relies on choosing the | | | | the bettor is only concerned with either a win, place, or |
| appropriate stakes. The foundation of the Martingale | | | | show selection, or a combination of the three. |
| System is rooted in the probability of infinite | | | | |