Originally Posted by
Griffin
Yes, it's a Martingale system. The trick is hitting within a certain period of lost bets which is determined by your bankroll (and your faith in the system). I'm a visual designer and computer geek. When I started looking at betting I worked with moneyline bets and looked for patterns in wins and losses. When you've discerned what the pattern is, you vary your bets to match the pattern, or at least fit within the pattern. The pattern tells you what the bet for each team is -- bet to win or bet to lose. It's a challenging system to track (you should see the spreadsheets) and betting on overs and unders ends up being easier to track and cheaper to work with (the amount you need to bet to cover your previous bets is much lower due to the reduced odds for totals).
Essentially I have a routine that examines the patterns of overs and unders throughout a season and then tests certain repeating bet patterns against the previous outcomes. If I find a pattern that allows me to keep my lost bets to five or six in a row, it's a money machine. And I've found a pattern that works (there are several different patterns that work depending on the sport; NBA is different from MLB).
The trick is -- as always -- money management. You have to be able to weather a certain number of losing bets in a row. Betting every opportunity -- every team, every game, an entire season -- spreads the risk and keeps the balance always in the positive. In MLB that translates to approximately 4800 total games (2460 NBA). A $5 bet at -110 compounded over 8 losses means you'll be betting close to $5000 in the ninth bet. My patterns rarely go beyond five lost bets in a row but occasionally higher but I've never seen it go beyond eight (doesn't mean it won't!). That $5 bet turns out a $24000 profit in one MLB season.
Now, you're going to lose about as many as you win and so you might as well bet the other side of the bet as well. It's a guaranteed winner for every one you lose. And when the losing streak ends and you cover, you start another streak on the other side. So now you're betting $10 per opportunity for a potential profit of $48000. A starting kitty of $5000 should do well.
I don't pretend to imagine that any online book is going to send me $48000 for a $5000 outlay without some trouble. I'm testing it online but eventually I'll have to take it to Vegas. Cash at the end of every day makes me feel a whole lot more comfortable. Worked the kinks out this year (switched from W/L to O/U for instance) and one to a bigger test next.