Way to gamble on sports that seems unstoppable?
This is a way to gamble in blackjack that does not work (limits at tables dont allow it). Hear this out.
You buy in for 500$, and if you have knowledge of sports do bets that pay out -110 or about even (moneylines with NBA). Bet 5$ on a game. if you lose, bet 10 the next game, if you lose bet 20 the next game, then 40, then 80, then 160. then 320. If any of those bets won, youd be up 5$, and have 505$ total.
In BLACKJACK, it is very likely to lose 7 times like this and lose all your money. But in sports betting, the odds of this are hugely unlikely if you have a decent knowledge of sports. Bet on ONE team, or some of the same teams. A team is very likely to cover the spread or over under after 7 times like this.
This has been proven to not work in card games, but for sports betting, is this possible to work???
Tagged with: bets • blackjack • card games • decent knowledge • money • nba • next game • odds • sports
Filed under: sports betting spread
Not at all. There is no such thing as a guarantee in sports. You have never heard about anyone becoming rich using the Martingale system for sports betting because it doesn’t work. Please save your money trying this. You will only fail.
No, and the reason is the juice.
You don’t get even money when you win. You bet $110 to win $100. So even if your 320 bet wins you have still lost money. You can of course raise the stakes even more, but sooner or later you run into a long losing streak.
Gambling can be really entertaining and make a game just a little bit more interesting. But any time you start raising your stakes to chase your losses you should sit down and think it over one more time.
The odds are not good that you will lose that many times, but it does happen. I have an friend that does the same thing on the roulette table with the black and red bets starting with the $5 bet and increasing when he loses. This is also called the Martingale betting system… eventually the math catches up with you and you will loose your bankroll.
Limits on the blackjack tables is why the martingale system doesn’t work? Are you kidding me? You should be grateful those limits are put in place to protect you from your own stupidity.
I have done this before. twice. It gets rough because after you lose your first 2 or 3 games you stop picking your best game and you just pick the next on the board because you want your money back. Also once you get the point of betting 320$ to win 5$ you feel like an idiot because its such a stupid spot to be in.
What i do and have great results with is College bball home teams in conference play from -3 to +3 . It hits at a great % . Just look at the big 12 and big east this season.
All good answers so far. Let me add an observation:
Your most telling part of your explanation was when you said, "the odds of this are hugely unlikely if you have a decent knowledge of sports."
First of all, having a "decent knowledge of sports" isn’t good enough to be able to make money gambling on sports. Only about 1% of all people who bet on sports make money at it. These people have more than a "decent knowledge". They know the up, down, and sideways of every team and every player, and they study situation by situation until they narrow down just a handful of games they will play each week.
These folks would NEVER bet a huge part of their bankroll on any one game NO MATTER WHAT! This is how they make a STEADY profit over time. They understand that there is no such thing as a "lock", and the DO LOSE often! They know that at any given time, even though they do all the right research, they might run into a string of bad luck due to crazy things that happen in sports. One team’s QB goes down - they lose that bet that was looking really good. The star basketball player has an off-day - another game down the tubes. On and on it can go sometimes.
It’s only because of a disciplined approach that they don’t lose their bankroll.
What you described is the betting pattern of a gambling junkie. Is that you? Seriously - it might be. I know it sure was me for years!!! If you want to be a junkie, stick to your plan. The highs you’ll get will be very high, but the lows you’ll get will ruin you.
Stay in school if you still can. If not, keep working hard. You are NOT one of the 1% that is capable of making money betting sports.
Chase systems do not work in any form of gambling. Period. It is especially worse in sports betting. An average sports bettor will be around 50% in picking winning bets. This is what bookies want because they make the most money when there is equal money on either side of games. Well, 50% doesn’t sound like a bad figure, but if you factor in juice and poor money management, it seems a LOT worse. Good sports bettors are at around 55-60%.
If there was a set system, then bookmakers would not be in business because every bettor would follow it!
Absolutely not. I think all of the reasons have been covered so I won’t pound it into the ground.