Gambling Systems

There is a huge amount of gambling systems that belong to particular gambling school. Many gambling systems have been formulated in an attempt to "beat the bookie" but it is still widely accepted that there is no gambling system that can make an unprofitable system profitable over time. Below are several widely used gambling systems. Each of these gambling systems has some brief explanation and risk analysis:

Fixed stakes – one between traditional gambling systems. This gambling system implies staking the same amount on each selection. This method is good for conservative punters if the stake is kept below 5% of the bank.

Next two gambling systems sometimes called two different courses of one gambling school.

Fixed profits – the stakes are based on the odds to ensure the same profit from each winning selection. This method is very good for conservative punters, although if the profitability of one's bets is independent the bettor is simply reducing his or her cash flow.

Due-column betting – A variation on fixed profits betting in which the bettor sets a target profit and then calculates a bet size that will make this profit, adding any losses to the target. For example, to make a target of $100 profit a bettor would wager $50 at odds of 2 to 1. If the bet loses, the target becomes $150. If the next bet is also at odds of 2 to 1, the wager therefore becomes $75. This type of wagering is ruinous in the long run.

Kelly (optimal) – fair odds (in the European/decimal format) need to be estimated by the punter and then the stake can be calculated using  Stake= (Odds/(Fair odds-1))/(Odds-1). Many times used with a divider (most commonly 4 or 8) depending on your bankroll (for betting)

This gambling system was developed for baccarat but is widely recommended for horserace betting. In betting horse races the stake is further adjusted to allow for inaccuracy in estimating fair odds.  Experts suggest that in betting horse races Kelly betting increases losses during losing streaks, that it fails to demonstrate superiority over fixed stakes betting until large numbers of bets have been made (a drawback in horserace betting because the bettor usually has no reasonable expectation that any betting advantage he or she has will last over a long series of bets), and that its profitability has been exaggerated by the use of inappropriate statistical analyses.

Martingale – a gambling system based on staking enough each time to recover losses from previous bet(s) until you get a winner. The Martingale is a guaranteed way to failure - the only way it would work is if you have an unlimited bankroll, your bookmaker has no limit on the size of bets and you are immortal!

As you can see the variety of gambling systems is big. You just need to choose the most profitable gambling system.