Betting systems are strategies that have been developed over time by bettors. Strategies are a shortcut in an attempt to maximize winnings and reduce losses. No matter which sport you choose to bet on, there are calculated and measurable ways by which punters can identify and pursue only the most profitable odds.
Over the years, several different betting systems have been created that each explores a new approach to placing wagers. Some instruct bettors to bet more when they win and to reduce the bet when under a loss. Professional bettors know exactly in which situations to apply a specific betting system. It’s a skill that serves them well when up against a usually uninformed betting public.
Mathematical Sports Betting
Here we take a look at some of the best mathematical sports betting strategies employed by successful punters across the globe:
1. Fixed profit betting strategy
A fixed profit betting strategy is a relatively simple mathematical sports betting concept. It instructs a bettor to increase his net profit by a fixed amount on each consecutive bet. The equation used to calculate this is Profit (Odds on the Outcome-1). This approach ensures that a bettor doesn’t lose his entire bankroll too quickly and sustains profits in the long run. For this strategy to work, bettors must fix on a yield of 3-5% of the whole bankroll.
2. Martingale System
The Martingale system proposes that for every loss the bettor incurs, he must increase his stake by double. This way, he may recuperate any losses from the previous hand as soon as possible. Although this system theoretically sounds like a sure thing, not every bettor has an unlimited bankroll. So in the event of a losing streak, the punter is sure to exhaust his funds before he can recover. Also, most virtual sportsbooks feature a betting limit which will prevent a bettor from excessive spending.
3. Proportional Betting
With proportional betting, a punter’s winnings multiply much quicker, while losses slow down. This incredibly effective betting strategy is more popular than the fixed amount betting system among bettors. This system assigns a fixed percentage from your bankroll and then increasing each bet by the same rate after each win.
4. Maria Staking Plan
This is a financial strategy that divides the possible bets into three groups depending on the odds of any game.
- If the odds on the outcome of a game is lower than 3.5, then this system instructs the punter to bet 1% of their bankroll.
- If the odds are between 3.5 to 7.4, then the bettor must place 0.6% of his bankroll.
- Similarly, if the odds range between 7.5 and 11, the stake must be placed at 0.4% of the bankroll.
- In case the odds are above 11, the Maria Staking plan insists that you do not take that bet.
One unique feature of this strategy is that at the end of each day, the final bank size is recalculated depending on the results. So if the bankroll at the end of the day has increased, then the amount on each bet rises even though the percentage value remains the same.
5. Miller’s Betting System
This financial staking formula was developed by American gambler John R. Miller. Miller is also the author of a book called ‘Professional Gambler’. This betting system is only applied to events with odds ranging from 1.85 to 1.91. The probability is more or less evenly split at 50/50. Miller calculated that, ideally, the odds would be set at 2.0. However, the bookmakers bake a margin into the odds for themselves. So the formula needed to account for this margin as well to be efficient.
This strategy encourages the bettor to bet a fixed amount of 1% of his bankroll on the initial stake and then increase the bet after each event until it reaches 25%.
6. The Method of Tank Attack
The method of tank attack is used on odds up to 1.5 and is extremely popular among bettors. The game bank of the bettor is divided into several equal parts or ‘tanks.’ Bettors make subsequent bets for that particular cycle from these tanks. The bettor then goes on to calculate the number of steps or bets with each tank. It also helps to calculate how much in earnings you expect to receive from each tank. By dividing funds into tanks, bettors are safeguarded from the losses of one tank by the other. The game can progress further until the bettor’s goals for that cycle are met.