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Staking Correctly When Betting
Mistaking is a common mistake
If you’ve used a betting system of any kind, whether it’s for horses, greyhounds, or sports, it’s important to use it correctly and have the right attitude. If you are going to go after horses that pay around 10/1 then you need to know that you need one win in 11 to break, if you can beat this win rate then you are in the money, yet many players will use a system, then after just one loss, it will announce, “The system is not working.”
The real reason the system didn’t work for them is that they never gave it a chance to work. Some players will follow the system for a while, while the back of a losing streak will only give up winners who will recoup their losses; you need to have a big enough bankroll to protect you during a bad run.
Winners will not come regularly; they will come together and those who have lost. If your winning percentage is 25% you won’t get 1 out of every 4 bets. It is very possible to get 9 losers in a row followed by 3 winners. You may have hit a bad run but still achieved your 25% win rate during that particular run of 12 bets.
For most players, it’s not the lack of money that’s the problem. It is their distrust of the system during a bad dream. You have to be mentally strong to withstand this.
Another reason for the failure of the betting system is improper playing.
I know several players who started sports betting in cricket world cup; they bet on New Zealand, and everything was going well when they won but then they lost three games in a row and their profits and their original stake were wiped out.
Their problem was playing it wrong; they bet too much depending on how much they have in their betting account.
In other words; they put many eggs in one basket.
You have to do the math; if you decide to bet on teams that pay at least $1.50 (1/2), that means you’ll need a 66% win rate just to break even.
When you take more risky types of bets, you need a bigger bankroll to follow you during longer losing streaks, which will happen when you bet on trebles, jackpots, and the like. .
There are all kinds of betting systems, but the most dangerous is to increase the size of your bets with each loss. It is very easy to get out of your depth with this type of stay and lose more than you can handle.
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