Hall of Fame SystemsGreat information to remember for next year - systems and info that you'll wan to have at your fingertips at the start of next season
You're pretty much doubling your bets everytime, but you're spreading the doubling amount out.
If you lose the first try at the two outside numbers, then you divide your loss by 3 - the middle number takes some of the 'doubling' amount, and therefore in your next attempt at the outside numbers you haven't really doubled your bet, yet.
However, when you get to the middle number, you are basically doubling your bet everytime.
This is nothing more than a bet chasing system, the only difference is when you try to clear the outside 'series' numbers, you're basically trying to recover 2/3 of your loss on your next bet, the other 1/3 coming when you go after the middle number.
This system system disguises the pure bet doubling strategy, but that's still what it is.
Saying that all you have to do is win 24% of your bets is misleading, also. Remember, 24% is achievable in many different ways - you could lose your first 30 bets, win your next 10 and be hitting at a mark of 24%. In this system, you HAVE to hit 1 out of 4 when clearing the outside numbers - this means you can NEVER miss more than 4 in a row. I'd guarantee that the best capper in the world cannot assure 1 of every 4.
I have read this entire book a couple years ago, and I have it pretty much memorized it. You referred to Tony as your buddy. Do you know Tony personally?
I haven't tried them all but I have tried several of the systems in this book. Like a lot of folks that are replying to this thread, I was very skeptical that these systems would work. But I also knew that my current betting style was not profitable at the time, so I started to try some of the systems in this book about two years ago. Initially, it was not profitable, and some of the systems did not work for me. But after sticking to some of the systems, I was able to start breaking even, and then turn a slight profit. And these are long term results over a period of several months, so these systems can work. However, I bet almost every day, and unless I am playing a small money parlay for fun, all of my bets follow a money management system. And for all of the readers out there, for any betting money management system to work, it requires DISCIPLINE!!!! I know it sounds simple, but I can't stress that enough. DISCIPLINE!! I document all of my bets on spreadsheets, and I review them periodically to check my results.
For everyone of you that bet for fun only, this does not pertain to you. But for those of you who are trying to get a return on investment, I suggest documenting all of your bets for a few months. Then do an accurate "return on investment". Some of you will find out where all of your "spare change" is going.
And I also suggest checking your overall winning percentage. For those of you who have never done this before, most of you will be surprised!!! I know I was surprised.
Kennedando, thanks! You said it. All martingale systems/variations are going to clean out your bankroll on an extended losing streak. Losing 4 in a row will happen extremely often.
MK601 hits on the key to any good money management system (and the good part of this one) - discipline.
Not trying to rain on a parade here and I again thank Docwatson for posting this - it's a great, necessary discussion. But I personally think martingale/chase systems are very dangerous.
The way to make money at this is to not overbet - stick to a bet size that fits your bankroll (1-5%) and don't chase nor get gunshy. Ride out the streaks with solid, consistent discipline.
Hey an open discussion is always good. I like hearing both sides of EVERY subject, and I feel I'm open minded enough to know that any comments good or bad about this particular subject isn't directed as a personal attack on myself. I enjoy dialogue with the great people in a sports forum such as this. This one (C-Lounge) is the BEST that I've seen, and I enjoy being a part of it. Everyone needs to hear both sides.
As I stated in another thread posted by "Perks". "There is no correct way to be responsible about your money in sports betting. The reason for this is that no matter what there will always be someone defying the odds and making a profit doing something that is not smart for the rest of us."
This is just something I wanted to share. So one that note.
If some of you didn't know I've taken 8,000 of my funds to see what can happen with this series by breaking it into five different series fo 1,600 each.
In that regards I'm getting some PM's and an e-mail or two asking what I'm going to do when one one of my series goes down. As some really want to get out and try this system right now. A couple of gentelmen have had a couple of good betting strategies they want to apply while using this.
Everyone is their own person here, and if you want to try this system that's up to you. I was hoping by me putting the plays up using the system some would wait and look at the results. Just to see if it's something they want to pursue. That's not going to happen, and my advice to anyone that's going to use this is to be very selective with your plays. If your running just one series don't think that you have to wager into this system EVERY day. I WILL be, because I want to cover all the angles when they come up. However just cause you see an 8-23 record to earn profits doesn't mean you have to wager every day. An 8-4 record in 21 days still gets you to the goal. Yes you'll pass up winners, but are those winners REALLY your gut feeling BEST play. I've always run mutiple series in the NBA so I can get out all of my wagers. However I realize some can't afford doing this. So...
My other advice is this. Running different things along with this is a great idea, and actually the way to attack it. Please don't tie your entire funds into one system. Just like in the stock market you want a portfolio. You want a percentage in high risk, a percentage in medium risk, and a percentage in low risk.
If your funds run low in one area you can call it off or use some from the other areas to cover. Because much like the market, wagering on games will always go up and down. Losing streaks WON'T last. Once you reach your goal you re-adjust the funds of your portfolio. Using this system is good FOR ME during basketball season.
As Bartender said "the proof is in the pudding". I don't like telling anyone how much I've got out there ready for action. Know this though that these series' I'm posting for the NBA isn't 50% of my bankroll. No system ever should be. Also I'm using with it what I feel is my best arena.
Again I'm not advocating this, and BY FAR it's not for everyone, but used the right way with the right frame of mind it does work.
Okay with that I wish everyone a very Merry Christmas!!!
Doc
PS- In response to the gentlemens question about me knowing Tony S. I haven't spoken with him in about two years. We don't exchange Christmas Cards or anything like that LOL, but we have talked for several hours about sports wagering. Along with another guy who is about the best NBA handicapper I've ever seen. Because of his big secret to keep his identity a secret I won't tell his name, but he is a very good friend of Tony. The reason I stated the way I did was because I didn't want to take credit for something that wasn't my idea. It's not even Tony's. Have a great week.
I have to agree with The Bartender. Way too dangerous.
Even if you split your bankroll to X series and start wagering, after some time you fill find yourself down on many of them or all of them. It is nothing unusual to have 10 losing bets in a row. Or 15. It doesnt happen every week or every month and it can wait for you after maybe a year of using this "system", but when it comes, it will destroy your BR quickly not to mention hardly earned winnings. Plus I wonder who will enjoy laying many thousands dollars to win just a couple of hundreds.
The problem is that when you are in HOT streak, you are still winning just small money, because THEN you are NOT doubling the profits to make bigger stakes. Go with 15 winners in a row and you earn some small money. Then go with 15 losses in a row - DISASTER. Thats just the sad fact.
@thopaul75: Your saing about gaining the edge over bookies is not true. The edge is still with bookies, because of their odds. You are still wagering -110 lines, not 100. So you always risk more to win less. Now even if you dont need to win every second bet to be profitable, you are just replacing the needed winning ratio with bigger stakes - and bookies will love you at least the same. Otherwise, you could go to casino and simply apply the same to roulette betting - think that "ZERO" number is the edge of the casino - same as -110 lines. Noone ever won there long-term unless there were some forecastable conditions (table, ball condition etc.).
When doubling up (or adding some part of it) after loosing bet you will find yourself very quickly in position when you will be forced to lay huge amount just to break even or win small.
That sucks. But good luck to everyone willing to try.
Personally, I believe in finding value in odds. That is the only possibility to beat bookies in the long run. But even with that value, you cannot avoid loosing streaks. Noone can.
Thanks for the info doc, while i agree it's not for everyone, it definately makes sense if you have the money management skills, disciipline and more importantly right frame of mind to ride out a losing streak....
This will go in the Hall of Fame Systems thread in the hopes that it might help another. Thanks again Doc and others for contributing to this thread.
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__________________ Indiancowboy Researched Write-ups Every day.
Thanks, Doc for laying out this wagering method, a pat on your back for sharing.I saw the same thing in "the bookie buster" e-book by that canadian guy frank balanger. basically a book of different wagering systems.
A good wagering system is essential along with the very best selections and a patient business-like attitude , a good bankroll ,will put anyone one jump ahead of the average gambler,.but hell, you all know that already.
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