Monday, May 3, 2010

A Winning System For Sports Betting

The popularity of Sports Betting has exploded over the past few years. This is mainly due to the accessibility of online betting agencies, as well as improved communications that enable us to keep in touch with events at any sporting contest in the world, either on television or the web.

In the past, sports betting was restricted to horse and dog racing, where your selection had to beat numerous other competitors for you to win. It was all too easy to get a run of losses that would deplete your funds, even when you bet on the favourites. It was almost impossible for outsiders to make a successful living out of racing.

Today you are able to bet on events where there are only two competitors. This makes it much harder to hit that losing streak. Furthermore, sporting events are happening all over the world, at all times of the day and night, so you can use this system before or after work. You can stick with the favourite sports that you know so well, such as NBA, NFL, soccer and tennis, where huge sums of money are wagered. You can win as much as you like through sports betting online without drawing any attention to yourself, unlike in casinos where you are thrown out if you keep winning.

The System

Most systems focus on the process of picking a winner. However, the outcome of a sporting event depends on so many variables, so it is impossible for a basic system to reliably predict winners. You will notice that even experts within the individual sports are so often wrong. Only those people with in-depth statistical analysis have the knowledge to reliably predict winners.

Therefore, rather than trying to find a system that picks the winners, we focus on the actual staking process. This method is a progressive betting system, which will generate consistent gains, even if you only have fairly average wins. For this reason, we select sports with only two outcomes. So, your selection will be in an event with only 2 competitors/teams, and you must decide what your target win amount will be.

Progressive Betting Example

If you start with a target win of $30, pick a team in an NBA game, and calculate how much you need to wager in order to win your target based upon the odds available. If the odds are 6/4, then you will need to bet $20. If your team wins, you have achieved your target. However, if your team loses, you are down by $20. This amount must be added to your original target, so your new target for the next bet will be $50 (original $30 target plus $20 loss). So as you can see, when you pick a winner, whether it is in the first game or after the fourth, you achieve your target win.

This is a great method to come out in front even when you have picked more losers than winners. As you have to increase your betting amounts after a loss, your target amount should be a small percentage of your funds (no more than 5%), so it increases slightly with every win.

How does it lose? Simple - as you have seen, your bet increases each time you lose. If you have a run of losers, it will wipe out your funds. Again, this is why you should bet a small percentage of your funds, on sports with only two outcomes, so the chances of losing all your funds are virtually eradicated.

You must also subscribe to a reliable tipping service. There are experts who have spent hundreds of hours perfecting systems. My advice is to simply invest in one of these. If you can rely on getting a steady stream of winners, and use this staking plan, you will always finish ahead