The martingale theory of wagering, also known as a loss recuperation method, states that a win can be guaranteed if a wager has even odds and a 50% chance of winning and each betting loss is then wagered on double the previous amount. For instance, if a $50 bet fails, then bet $100 dollars to recoup. If that fails, bet $200, and so on and so forth ad infinitum. The problem is that there is no science to winning or losing streaks and probability tells us that a losing streak can go for an indefinite period of time. For a $50 bettor with a $1,000 bankroll, “indefinite” only needs to be five losses in a row to find yourself in the hole by $550, all for chasing a $50 profit. ($50+$100+$200+$400+$800 = $1,550).
However, reality is much harsher than theory; Theory has even odds and doesn’t have a vig. The vig ensures that each bet has to be progressively larger in order to recoup previous losses. Following my earlier example, you would go almost completely broke after only four consecutive losses chasing a $50 profit in the real world, with a 10% vig:
$55 bet to win $50 – $55 lost
$115 bet to win $105 ($55+$50) – $170 lost
$245 bet to win $220 ($115+$55+$50) – $415 lost
$520 to win $465 ($245+$115+$55+$50) – $935 lost
What You Can Expect by Following The Sports Betting Champ
In reality, there are only three outcomes you can expect by using this system: wager a lot to win a little, wager a lot to lose a little, or wager a lot to lose everything. The main factor in determining which outcome will apply to you is your bankroll and your luck. If your bankroll is large enough to make continuous large bets (1000 times the size of your unit bet), than you will probably win a little in the long term. However, if your bankroll is that large, you are probably wise enough to realize this system is a scam and not worth your time.
If your bankroll is medium to small then you will almost certainly not end up a winner. You will most likely lose either a little or lose everything, all depending on how lucky you are. If you hit a losing streak early on, you will be broke. If you hit a losing streak in the middle, you will be a loser and probably broke. If you are lucky enough to avoid a losing streak for some time, then you may win a little. To keep your winnings, you must walk away and never wager again because every time you start this system over, you increase your probability of ending up broke.
If you believe you’re lucky enough to win in this system, then don’t waste your time on the Sports Betting Champ – go to Vegas, find a roulette table, and put your life savings on “black”. Or maybe you should try “green”.
The Good News
The good news in all of this is that there are legitimate ways to make money in sports gambling. Like any marketplace, the sports betting world is full of inefficiencies that can be exploited for profit. Many different systems exist that use real research, not gimmicks, to find these inefficiencies and report them. This does not mean that there are such things as guaranteed winners – there aren’t. Rather, it means that certain situations present opportunities where there is value in taking one side over another based on historic precedence.
There are some betting systems, like those found at SportsInsights, that have been built on years of research and have proven that a 54-56% winning percentage is attainable in the long term. Our systems are transparent, and we do not modify or alter our results in any way. We constantly track our results in order to find areas that we may be able to improve upon, and we listen and respond to customer feedback.
In today’s economy, it is especially important to make wise decisions with your money, and avoiding scam artists like John Morrison is critical. When traditional Certificates of Deposit are paying 1.5% and the stock market is a roller coaster, the 4-6% return our members can expect on a consistent basis is the best bet in town.