Nfl betting formulas
Our friends at provided us with a test account to run our simulations.We placed and tracked the success of five popular betting systems over a series of 500 bets.Here are the results.The graph below shows the profit from 500 bets for the five betting systems (with a 55 probability of winning each bet).
Except for the Bet it All method, which had an initial bet of 1,000, the initial bet for each other system was 100.Each system started with a 1,000 balance, and the simulation ran for 500 bets or until the balance was zero.Betting Strategy A: Bet It All.This system involves you betting your entire balance on every bet.The advantage is that if you win, you win big.Conversely, if you lose, you lose it all.
Betting Strategy B: Martingale System, the Martingale system has you double your bet after every loss, so that the first win would recover all previous losses plus a profit equal to the original bet.For example, say you started with a 100 bet and lose.You would then double your bet and continue doubling each bet until you finally win (100, 200, and.).By the time you reach your fifth bet, youd be risking 1,600.The Martingale betting strategy is seen as a sure thing by some since a gambler with an unlimited bankroll will eventually win.The exponential growth of the bets in order to cover losses will eventually bankrupt all gamblers who use this system since no one has an unlimited bankroll.
Also, every casino or sportsbook has a betting limit on the amount they will accept that will almost certainly be reached before the gambler wins.Betting Strategy C: Fixed Amount Betting.This system requires you to bet a fixed amount on each bet.In our case, it is 100.With a 55 probability of winning, this method means you wont lose your entire balance quickly but it also means your chance of losing will be slow but certain.