One of the biggest secrets to successful sports betting lies in the numbers beyond the numbers. It’s something that nobody talks about but could change the way that you look at betting on sports forever. There is a strong case that suggests the amount of money you bet is actually more important than what you bet your money on. Here is a look at one important method that can improve your sports betting rewards.
The Proportional Betting System
Five popular betting methods were broken down using a series of 500 bets for each of them. The five systems included betting everything every time, betting fixed wagers, using the Martingale system, using the Fibonacci system and using the Proportional Betting System. The most successful system was the last one.
The Proportional Betting System requires betting a fraction of your bankroll proportion to your edge. In the simulation, the bet divided the edge by the odds. For example, if the edge is 10% and the odds are even, 10/1 is 10. Therefore 10% of the $1,000 wallet should be bet, which is $100. Should that bet be successful, the next bet would increase to $110 – 10% of the new $1,100 wallet. This means that the winnings will increase quicker than in the fixed-wager system. As for the losses, they will be slowed down since you will only be risking $10 of your total wallet at all times.
Why It Is Smarter
Betting everything from the outset could net some big gains if they lead to big winners. By the same token it, will take only a couple of losses to be completely bankrupt. There is no such thing as a betting limit and since even the best sports bettors will lose at least once eventually it will only be a matter of time before you are bankrupt.
Meanwhile, the Fibonacci and Martingale systems are both progressive but they truly require a strong start. The bigger the losses, the bigger the increased stake. According to those systems, it is only a matter of time before you are bankrupt as well. The only system other that kept players from going bankrupt at some point through 500 simulations was the betting fixed wagers system. However, there was not a lot to show for the wins and losses and it simply didn’t make sense to try and use that strategy rather than the Proportional Betting System.
The simulations showed how the different stakes fared over the long run. It was clear that the best method for betting on sports was the Proportional Betting System. That system still allows players to make big gains but it also makes the risk proportionate to the amount of money in your bankroll so any potential losses along the way are limited.
You need to remember the importance of knowing your edge. Even with the best system in place, there is no such thing as a guaranteed way to make money by betting on sports. It requires patience, knowledge and a sufficient enough bankroll as well.
However, the Proportional Betting System is an excellent way to improve your odds of success. If used properly, it could be your key to making some significant gains betting on sports.