Martingale Basketball Betting System

[PlanetOfBets]

23/01/2016 Toronto Raptors - Phoenix Suns   

under 218.5    Odds:2.00   

Bet:4$

Remain: 94$

Toronto Raptors - Phoenix Suns   

103-115   

[1715312845]

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[1715312845]

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[1715312845]

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[PlanetOfBets]

Cedevita - Alba Berlin


Over 168.5    odds:2.00


bet:1$

[bitjoin]

I dont think martingale method would be ideal to use on sports betting since its not really the same as dice.For me i dont think it would be effective but if its works for OP then its really great. Lets say you lose the first bet and now you lose the 2nd one and so on,i dont think it would work but such a waste of time.Better to play according on your analysis on each team.

If +ev its fine, its not the most effective strategy though.  You'd end up not using your time and bankroll the best ways possible.  For a bit of fun i like it though and have done something similar before.

[Golftech]

Cedevita - Alba Berlin


Over 168.5    odds:2.00


bet:1$

well mate if you will continue to bet like this and if the odd will be the same i guess yes you will able to manage your system as we knew how martingales works you really needed to double your bets after losing from your previous games, if this system as we all understand it will not be effective for long because losing streak will always there behind.

[FrueGreads]

I think this could be effective, but only if you choose your games carefully. If you just make random bets in basketball, without research, it's the same as doing it in a casino I think. Bookies still have their margin for profit, so you can only win if you choose your bets well, and they are ev+.
Using martingale will probably reduce the loss in unlucky but still good bets, so I think it's a good system. Never tried it though.

Also I have another challenge for you. Why not also try our Tipster Championship? You can't use martingale there, because we limit the bets for the competition between 1% to 5% of current bankroll, but it's another way of testing your betting skill and get even more profit, since you will be receiving prizes on top of your bets. Amazing added value to your bets.

You can try to bet only @2, this way you will have a good notion of your hit ratio, at the end of our competition.

Here is the link for registration:
https://bitcointalk.org/index.php?topic=1248467.0

[vennali]

The biggest issue is that you are not getting the same odds across the board for your bets.

Martingale is based on the fact that you always have the same return if you win. If you bet with sportsbetting at 1.77 and the next at 1.82, there is already a difference. Suppose you lose the 1.82 bet and then win the 1.77 bet with double the amount, you have to start over from the first amount but your winnings are not one bet more than what you lost.

The solution for that would be to make Asian Handicap bets of 1.9x or 2x on the teams or betting over/under on the odds closest to 2x. That way Martingale could work. Hopefully you are good at that because I have seen people lose 5-10 times in a row. If that happens your bankroll will take a big hit and recovery will be hard. You can effectively martingale only 6 times if your bankroll is 100$'s and you start with 1$ and if you lose 6 in a row you are in a heap of trouble.

[PlanetOfBets]

Cedevita - Alba Berlin


Over 168.5    odds:2.00


bet:1$

sorry for delaying, result as 99:83

Cedevita - Alba Berlin: 99-83

Assets: 103$

chart is coming soon.

[PlanetOfBets]

29-01-2017 04:30

Golden State Warriors - L. A. Clippers

Under 221.5   odd:2.00
bet:1$

[marlboroza]

I made money by trying this method for a while. I want to test it here.


Suppose I have $ 100

Are you testing this method with money or just taking notes? I don't think it is good method, lets say this way: if you win for 2 months every day in row you will earn 60$. If you miss only 6 times in row you will lose more than half bankroll and you wont be able to continue martingale.
Anyway, i don't know why are you testing this method, it is proven fail back in 18th century.

[RussiaIsBest]

It is good method only if your predicitions are good if you have bad predictions and missing really often then it is not really profitable system it deends on you.

[sir.humus]

Martingale is tough.
If you start with 100 units and set the starting bet to 1 unit, you need only 7 straight loses before losing it all.
It's not so likely but it really could happen, some mistakes, a couple of surprising results and you're out.

[Ipwich]

Martingale is tough.
If you start with 100 units and set the starting bet to 1 unit, you need only 7 straight loses before losing it all.
It's not so likely but it really could happen, some mistakes, a couple of surprising results and you're out.

At least this is better than using martingale in games where there is a house edge. In basketball, it's a real game and you can analyze the possible outcome base on the data you were able to obtained. OP is making this great experiment because he believe the method is worth trying for in sports betting.

[carlfebz2]

Martingale is tough.
If you start with 100 units and set the starting bet to 1 unit, you need only 7 straight loses before losing it all.
It's not so likely but it really could happen, some mistakes, a couple of surprising results and you're out.

At least this is better than using martingale in games where there is a house edge. In basketball, it's a real game and you can analyze the possible outcome base on the data you were able to obtained. OP is making this great experiment because he believe the method is worth trying for in sports betting.

It wont be a good strategy since odds do really change anytime and with this you cant assure it. Martingale system might be good but for a $100 budget just like have been mentioned above 7x losses and your out.Seeing on the charts i think op is just experimenting and i could say this is not a good way to earn but for entertainment might be possible but dont have too much profits.

[NorrisK]

Another issue with this way of betting is the volume you are getting.

You are now spending serious time to make 1 dollar per "win streak".

That is not going to make you rich if you bet only once a day or something.

[PlanetOfBets]

sorry for delaying

Golden State Warriors - L. A. Clippers  144 : 98

Assets: 102$


chart is coming soon.

[PlanetOfBets]

06-02-2017 00:10   

New Orleans Pelicans - Phoenix Suns

Over 221.5

Over 221.5   odd:2.00
bet:2$

[PlanetOfBets]

sorry for delaying

New Orleans Pelicans - Phoenix Suns  111 : 106

Assets: 100$


chart is coming soon.

[PlanetOfBets]

08-02-2017 22:20   

Brooklyn Nets - Washington Wizard

Washington  - 11.50   Odd:2.00

bet:4$

[Finestream]

08-02-2017 22:20   

Brooklyn Nets - Washington Wizard

Washington  - 11.50   Odd:2.00

bet:4$

Another loss, as the chart implies, you are still in a little profit or break even, right? My suggestion, why don't you just focus with one league. I noticed most of your bets are on NBA games, don't you think it's better if you can martingale a team that keeps winning like the Cavaliers and Warriors? Would be easy I guess.

[PlanetOfBets]

sorry for delaying

Brooklyn Nets - Washington Wizard  110 : 114

Assets: 96$


chart is coming soon.