Gambling incorrectly is a common mistake
If you have used any type of betting system, be it for horses, greyhounds or sport, it is important to use it correctly and have the right attitude. If you are going to chase horses that pay around 10/1 then you must realize that you need a win at 11 just to cover expenses, if you can beat this win ratio then you are in the money, but many bettors will. use a system, then after a single loss it will announce: “System is down”.
The real reason the system didn’t work for them is because they never gave it a chance to work. Some bettors will follow a system for a while and then give up after a losing streak only to miss out on winners who would have recouped their losses; you need to have a big enough bench to hold you through a losing streak.
Winners will not come in an orderly fashion; They will come in groups, as will the losers. If you have a 25% winning percentage, you will not get 1 winner for every 4 bets. It is quite possible to get 9 losers in a row and then 3 winners in a row. He may have had a bad streak, but he still achieved his 25% win rate during that particular 12-bet streak.
For most bettors, the problem is not a lack of cash. It’s your lack of faith in the system during a losing streak. As a system gambler, you have to be mentally strong to endure this.
Another cause of failure in the betting system is an incorrect bet.
I know a couple of bettors who started sports betting at the cricket world cup; They bet on New Zealand, and everything was going well when they were winning, but then they lost three games in a row, erasing their winnings plus their original bet.
His problem was the wrong staking; they bet too much in relation to the amount they had in their betting account.
In other words; they put too many eggs in one basket.
You have to do the math; If you decide to bet on teams that pay a minimum of $ 1.50 (1/2), that means you will need a 66% win rate just to cover expenses.
As you take on riskier types of bets, you will need a larger bankroll to help you through longer losing sequences, which will happen when betting on triples, jackpots and the like.
There are all kinds of betting systems, but the most dangerous is increasing the size of your bets with each loss. It’s too easy to get out of your depth with this kind of sticking around and losing more than you can afford.