Advanced Martingale for Horse Racing
Betting is a large part of horse racing, with punters from all across the nation — even the world — placing thousands of bets on each race. The key to successful horse race betting is of course maintaining profit, and it can only be achieved by having the best possible calculation method as well as a good betting system. Talking about betting systems, I came across a unique form of Martingale betting with a nice twist for horse race betting.
We all know that Martingale betting system is based on perpetual increase of wagering amounts each time we lose a bet. The advanced Martingale for horse race betting is still set around the same principle, but odds and probabilities are also included. You should notice how horses competing in certain race can have different odds, often spread apart quite widely, and that betting the same amount all the time may not be effective enough for this circumstance.
The first thing you need is odds base, usually the first bet you place. If the first bet you place a 5/1, then your following bets must be at least 5/1. If you place a bet worth £10 and lose, the next thing you should do is place another £10 with 5/1 odds. If you lose another bet, place similar £10 bet with 5/1. If you win at this point, you will get a cool £30 profit. If you lose, continue with additional one-half of your original bet for three times, followed by additional one-half for another three times, until you eventually win and make profit.