One example of a very popular betting system is the Martingale. This is probably one of the most well known betting systems throughout the world; many betters use this on a regular basis. The system itself though does have its risks and although you can win you also have a high risk of going completely broke. The idea behind the system is to pick the right stakes rather than the right winner.

As a general rule you bet once and if you lose double you stake, repeat until you win.

So, For example you decide you want to bet $10. You place a bet with odd of 2.00. You lose. Your next bet would then be $20.00 with odds again of 2.00. You lose again so your third bet is $40. Hopefully by this stage you will win. You bet $40, you win $80. In total you bet $70 ($10 + $20 + $40) so after 3 bets you end up $10 in profit. Sounds great doesn’t it? Just remember if you carry on losing you bet more and more, by your 6th bet you would be betting $320!

Lots of people use this system however it is generally used by people that have high amounts of money to bet with. Of course if you bet on a stake that has higher odds then you can amend the amount you up your stake by each time, as long as the odds guarantee you a profit if you win.