No doubt, losing sucks. What’s the betting system that you’ve been using in the last couple of days? Is it working for you? Can you recommend it to someone? Wait a minute, could you still be looking for a betting strategy that works? We’ll talk about successful systems tested, tried, and tracked for their success over a series of 500 bets. So, how does sports betting work? And how do these strategies apply?
What are Betting Strategies/systems?
Since bettors want to up their games and start making money, they found their way by using these betting systems. And these are also known as staking formulas. But ever wondered how does sports betting works with these systems? Well, they provide instructions that bettors follow so they can maximize profits while reducing losses. Some of these strategies work by betting more, so you have to be available. But some operate by betting less when losing.
Let’s find out below, and see the most profitable of them all. We did the testing on simulation, but you can use these in real betting. How do you avoid making losses? By finding the most profitable of them all.
Bet It All Betting Strategy
As the name suggests, in this system, you’ll use your entire bankroll on each wager. It’s pretty straightforward and for the daring. Because if you win, then you win big. And if you happen to lose, it’s the same thing; this might make you cry because you’ll lose it all.
Proportional Betting Strategy
Proportional is one of the most preferred betting systems by most bettors. Maybe, it’s because of the way it works. In this strategy, you only need to bet a portion of your bankroll. And after each win, you continue increasing your bets by that same percentage.
Assuming your bankroll is $1000, then you place a 10% bet. In your first bet, it will be $100. If you win, you’d add your profit and find 10% you made. And it adds to your new total for your next wager. So, if you won $200, you’ll add the amount to the $1,000. Then calculate the 10% of $1200, and that comes to $120.
In essence, your profit increases quicker than in some systems (fixed wager system) as losses reduce.
And in this betting system, you might want to have some substantial bankroll as you double your bet whenever you lose. Is it like chasing your losses? Something like that, as you wish, your first win will recover all the losses you made and probably add some equal profit to the original bet.
For example, most people start with a $100 bet. Let’s say that’s your stake, then you lose. Your next move is to double that bet and continue doing so until you win ($100, $200, and so on.). And it gets riskier as you continue that trend as you might become bankrupt, or you get lucky and cover all your losses.
In Conclusion, you can’t ask again how does sports betting works? Now you know, plus some of the best betting strategies to apply. It will also depend on the punter’s risk appetite. Proportional betting proved to be the most profitable, but it also depends on a bettor.