Stupid Question

[Firefox14]

Well, this might seem like a stupid question, but I'd like some thoughts.

Every year, it is almost impossible for a team NOT to cover at some point in time. So why doesn't someone just place a 1 dollar bet, and double it, hit it, then quit it when the team covers? Somebody explain this to me please! Is this as dumb and simple as it sounds?

[loopydude11]

because when you finally win, youd win at -110 so the profits wouldn't outweigh all the money lost. i think?

[36mafia]

http://en.wikipedia.org/wiki/Martingale_(betting_system)

[eberetta1]

Try it, let us know how it works. If it works well, I wouldn't tell many people the system because you have created your own fountain of wealth and can then charge others for it.

[chilidog]

Sure, it'd work, but there's only 16 teams in NFL. So you'd only make $16, if you were betting to win $1. And your bankroll would have to be high enough to cover the increased bets. There's a thread over on covers about some guys who did something similar with all the teams in college football, but betting that they would hit the over on the 1st 3 games, and if a team hasn't gone over within the 1st 3, then bet the team will go under for the next 3 games. So it's a 6 game chase total. I think the system is either done now, or almost done, and it was rather profitable for people that did it.

[$Burm$]

not sure y ud do all that work for 16$, if you started that small you'd eventually make $ if kept covering the lost juice with your next bet what it really isn't worth it unless your going to be doing it for a loooong time and just keep slowly raising your chase amt.

[NB]

create your own?