- February 26,2020
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- Arnaldo Brito
Sports Betting Staking Methods
Sports betting is quite a tricky hobby, and one would require a lot of practice, skill and logic to master it. Various factors determine one’s profits while betting on a match, and one of them is their staking method. How, and also how much money a person bets is almost just as important as who or what you bet on. So strap in as we tell you about a couple of different staking methods as well as when and how you should use them.
In sports betting, your profits, as well as your losses, can pretty much be traced back to one sole factor- how much you stake. A significant stake on a successful bet with high odds would mean a good profit, while a substantial stake on an unsuccessful bet with high odds would result in a crippling loss. You get our point – that the amount of money you bet determines the amount of money you win or lose.
Staking Methods
Staking methods exist to control how much money you put out, and therefore, how much money you win. Staking methods can broadly be categorized into negative betting systems and positive betting systems. With negative systems, you stake more money each time you win.
With positive betting systems, you stake more money each time you lose. Let’s take a look at some of the most popular ones:
1. Proportional betting
This one is relatively easy to understand, all you need to do is stake a particular portion or a percentage of your bankroll each time you bet regardless of your profits or losses. This makes sure that you leave with at least some money and slowly build up your bankroll.
2. The Martingale System
The Martindale system is one of the oldest staking methods. It originally began in the casinos but has been adapted to sports betting as well. This system’s main aim is to recover previous losses. Each time you lose, you double your stake. For example, you bet $1000, and you lose, the next time you bet, you would stake $2000 to make up for the $1000 you lost. Don’t get too invested in making up for your previous losses, though, or you could get stuck in a downward spiral.
3. The Paroli System
The Paroli system is also known as the Reverse Martingale system. You double your stake only if you win. If you lose, you bet a base amount that you decide before you begin. It is super easy to understand and implement. Although you aren’t guaranteed wins, you could make some small, but consistent profits.
4. The Fibonacci System
The Fibonacci System is similar to the Martindale System in the sense that it involves staking a certain amount of money to make up for previous losses. The amount you stake is based on the Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, 34). If you start with a base of $10, the sequence of your stake would be $10, $10, $20, $30 $50, and so on. If you lose, you increase your stake to the next level. When you win, you drop back down to the previous level.
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