Betting Strategies

• Author: Ed
• Filed under: Reviews
• Date: Jun 28,2008

The Martingale
The martingale system is one of the older more popular betting strategies. Invented in early 18th century France; this system involves doubling bets to cover previous losses. However, one continues to double his or her bet until reaching a stage when either A: a bet wins, and the bettor makes a slight profit, or B: he runs out of money. Given the way the Martingale works, B, is often the deciding factor.

The Labouchere

Much like the Martingale system, this is another progression-based gambling system that involves increasing bets in order to cover previous loss. However; this system works slightly differently due to the fact that one first works out a series of numbers known as his “staking pattern” and then uses this staking pattern to place his bets. It’s quite complicated to explain, so we’ll leave this for another time.

D’Alembert
Another progression-based system, the D’Alembert is based on winning streaks, rather than losing streaks. As a result, after each win, you increase your betting amount by one unit, and after each loss, one must decrease his stake by one unit. Quite simple, and known to be effective for some, this is another very-old strategy; however as you can see it is reliant on winning-streaks so if these are not very likely in your field of application – neither are your winnings.

The systems above would be described as ‘progression’ based systems. Many successfully apply them to all sorts of sports-betting as well as casino betting. However, with any sports betting system, one must always remember to set a stop-loss and a take-profit. As on their own, none of these systems will work indefinitely, because if you use them long enough the law of odds will change and you’ll be a victim of another law. Murphy’s!

We will talk more on Betting strategies next time, so stay tuned.