# Sports Betting Programs

I suppose all of you have heard those legends about people that have invented and used sports betting systems so they can avoid loses and obtain great profits in the long run. Well, in today?s high tech world where sports betting marketplace is continually growing and making larger and larger profit every year, it really is nearly impossible to think that many people still live from betting.

Many have said that maybe it?s due to the sports betting systems they use that they can still continue to bet with the hope of winning bucks. The truth of the matter is, there’s really no particular system that can promise you 100% profit and no risk of getting broke.

Nevertheless, many bettors believe that you can still find certain sports betting systems that work pretty well for a number of people. These sports betting systems, although functional to some degree, however, imposes bigger risk for the players. Here are handful of them:

Martingale System

Martingale System is basically the most widely known sports betting system in the world. It has nothing to do with picking the winner as the whole story of the system is in picking the correct stakes. Well, as outlined by some resources, the Martingale System of sports betting is based on the probability of losing infinite times in a row. It is applied by starting with one bet, and starting again in the event you win. However, should you lose, you double your bet, and every time you lose, you double your last lost bet. As believed, this may eventually makes you win the betting and when you win you’d probably recover all your lost bets plus one unit profit against your initial wager. The most important sentence when it comes to Martingale is “double you stake when you loose and begin again whenever you win”.

Parlay System

Parlay System is probably the most well-known sports betting systems which might be widely used in horse racing. Experts have said that unlike other sports betting systems, the Parlay System provides the effect of pyramiding your profit. Pyramiding is actually a parlay wager whereby the original wager plus its winnings are played on successive wagers. Following the principles of pyramiding, what is basically involved in the Parlay System of sports betting is that you make a bet and when you win you re-invest the winnings on the next bet.

So in horse racing, for example, you simply allow it to ride. Also, unlike other sports betting systems, the Parlay System offers the least amount of risk of all wagers for the reason that the bettors are only interested in either a win, place or show selection or maybe a combination of the three.

Paroli System

Of all the so-called well-known sports betting systems, the Paroli System is considered to be the opposite of Martingale. Well, the real difference lies on the idea that on Paroli, you start with one bet and increase the bet whenever you win rather than you lose. The main advantage of this one of the very popular sports betting systems is that you do not need a large bankroll. The system lets the profit run and cut short the losses.