Monday, May 26, 2008

A GREAT Sports Betting System

From The People To The People

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I was searching for sports betting system and came across www.mrmartingale.com

He went Result: 601-566-87 (+702.55 Units) for the system. That is 700 units for a 1 unit bet level better going while hitting only about 52% of the plays. Then i read the system...below is copy paste from their site:

MrMartingale Betting System is my modified version of the actual martingale strategy. I will avoid all mathematical explanation with sequence, series and functions etc in order to make it understandable to everyone--instead I will use simple words and numbers to tell you what exactly to do. In this modified version we will use 2.1 factor after each loss instead of 2 (doubling up) and set the boundary to 6 instead of infinity. Lets say the starting bet amount = 1 Unit = U. Then using 2.1 factor after each loss we get the following sequence of bet amounts:

Bet 1 = U
Bet 2 = U(2.1)2 = 2.1U
Bet 3 = U(2.1)3 = 4.41U
Bet 4 = U(2.1)4 = 9.26U
Bet 5 = U(2.1)5 = 19.45U
Bet 6 = U(2.1)6 = 40.84U
Total (Bankroll) = U + U(2.1)2 + U(2.1)3 + U(2.1)4 + U(2.1)5 = 77.06U.
Therefore, this system requires a 77.06 Units of bankroll if you are to do 1 unit bets.

Tip for dummies: If you have a certain bankroll (lets say £1000) and want to calculate the starting bet amount, divide the bankroll by 77.06 (so the starting bet amount is 1000/77.06=£12.98). On the other hand, if you want to calculate the required bankroll for a certain starting bet amount, multiply your starting bet amount by 77.06 (for example, if you want to do £15 bets, you would require a bankroll of £15*77.06= £1155.9)

Rules of the system:

* Bet on the next game only after you are sure about the result of the previous bet. Whenever you win a bet, your next bet must be for the starting bet amount (bet 1). If you lose the bet, follow the progression until you win. If you ever lose 6 in a row, start over from bet 1 with a new bankroll.
* Play only games with 1.91 or better odds. Don't just stick to 1.91 odds. Try to play valuable high odds to maximize profit. For example, if you bet 9.26 Units on your 4th bet with odds of 1.91, you would profit (0.91*9.26) - 4.41 - 2.1 -1 = 0.92 units if the bet wins. But if the 4th bet had odds of 2.50, your profit would have been (1.5*9.26) - 4.41 - 2.1 - 1 = 6.38 units.

* Play only at safe and reliable sportsbooks.
* If you want to change your starting bet amount, do so only after you have at least doubled your starting bankroll. It is not recommended to increase your starting bet amount to any more than £150
* Never randomly pick a game. Always cap your games and play only valuable bets with good odds. It is highly recommended that you use my picks to minimize risk and to maximize profit. My picks for the MrMartingale System are yet to fail.

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