As you venture into the world of online sports betting, you will find that there are abundant strategic approaches available to you.
The strategy of using a betting system is popular. These systems are strategies based on patterns that you stick to. Whether it is a negative progression system or a positive progression system, betting systems have their pros and cons.
You will want to try these betting systems and see which one feels the best to you. Experience will be your best teacher here. So let’s get into the most popular sports betting systems.
Positive progression systems
What makes a positive progression system?
In a positive progression system, you raise your stake every time you win.
Paroli betting system
The Paroli betting system is one of the most popular betting systems out there. You double your bets every time you win, up to three wins, then you start over. So, if you bet $10 and win, you would wager $20 on the next bet. If you win this second bet, then you wager $40 on the third bet.
If you win the third bet, you start over at wagering $10. If at any point you lose during your attempt at winning three bets in a row, the progression immediately starts over.
This system is about making small wins, but consistently.
Parlay betting system
A parlay is where you combine multiple bets into a single bet. For instance, you bet on three football teams to win on any given Sunday. In a parlay, all three of these teams must win or you lose your entire bet.
The chances of losing are pretty high, but the payouts for winning can be very good. That is what is so appealing about the parlay system.
A disadvantage of the parlay system is that it doesn’t offer true odds. Bookmakers have a built-in commission with the odds. This is commonly referred to as “juice” or “vig.” In this way, the bookmakers have a serious advantage over you, the bettor.
Negative progression betting systems
In short, negative progression betting systems mean you raise your wager every time you lose. This may seem counterintuitive, but many bettors have had success with this method, and it is extremely popular.
The martingale system
With the martingale betting system, you double your bet every time you lose. The idea is to recoup your losses with the current bet.
However, if your first bet started off at $50 and you lose four bets in a row, then you are going to be in pretty deep as your wager will be $800 by your fifth bet.
This is a risky system but can and sometimes does result in a huge win.
The Labouchere system
This system is used a lot in football. The Labouchere system is not recommended if you have a small bankroll to manage.
With this system, you are splitting your wager into several amounts. If you want to win $200 then you could split your wager amounts up like this: $20, $40, $80, $40, $20. Your potential winnings of your very first wager need to be the sum of the first and last amount that you split your money into.
In this case, $20 plus $20. If you win this first wager and make $40 then you will cross off the $20 from the beginning and the $20 from the ending of the list. However, if you lose you would add this $40 to the end of your list.
Now, you have $20 as your first number and $40 as your last number. That means your next wager will be $60.
So if you continue winning, then after you cross off your original first and last numbers, you will continue with your new first and last numbers. In this case, $40 and $40 would be your new first and last numbers.
This betting system can wipe you out quickly, so you may want to set your sights a bit lower than the example that is given.
This system is extremely similar to the martingale system. However, it has a slightly slower progression. Instead of doubling the amount you bet every time you lose, you will increase your wager by the same amount.
So, if you have decided that your base amount is $20, then every time you lose, your wager would increase by $20.
The Fibonacci system
Using the Fibonacci system, first you must choose a percentage of your bank roll. This will be your betting unit. A good place to start is 2% to 3%.
Here is the sequence: 1, 1, 2, 3, 5, 8, 13, 21, 34, etc. These numbers represent the amounts of units you will bet. You will progress along the sequence as you lose and regress as you win.
So, let’s say that one unit is $10 on a bankroll of $1,000. If you lose your first bet, then you would move on to the next number in the sequence, which is again one unit or $10.
If you lose that bet, then you go up to $20 or two units. If you win this bet, then you go backward in the sequence, which would be back to one unit.
The 1-3-2-6 system
So, for any system to work, you need to have ample knowledge of the sport you are betting on, including player stats, how the team or individual player has performed against the opposing team in the past, and how the team or player is performing in the current season.
This knowledge coupled with a betting system can be a recipe for success. The 1-3-2-6 system is a system many sports bettors use. The numbers represent the number of units you will bet and in what order.
So if your predetermined unit is $20, then the first bet will be $20, the second will be $60, the third will be $40, and the fourth will be $120.
The odds may seem to be against you for this betting system; however, if you really know the sport you are betting on, then you might see some great success with the 1-3-2-6 system.