The best way to earn money is to follow the same system that the bookmakers follow. This system can be applied even for casino gambling games. That system is using logic. Other notable betting systems are arbitrage and hedging systems. Let’s focus on what is the logical betting system and how to implement it to get paid better.
What is this logical betting system?
This logical system was developed by mathematicians using logical conclusions drawn from intense analysis of different horse races. This is simple and definitely worth a try. Most people lose money in horse racing because they don’t have an investment plan and don’t know when to stop. All systems have their pros and cons.
The guiding principle of this system is that 33% of the horses that win the races are marked as favourites. With that in mind, if you bet on 10 games on the winner of the day, you will win 3. Start betting just 2% of your main amount. Let’s say you decide to bet £150 or $250. 2% of this would be £3 or $5. This is the amount you will bet each time.
The next step in this requires checking the probabilities. Usually, analysts predict the odds for the horses and put them out for the public to see. The odds should be over 1.375 for a high win percentage.
Now for the actual betting plan. Remember this sequence 1-1-2-4-8-16. Bet as follows when you lose. For the first and second race bet 2% of the bet (£3 or $5). For the third race bet 2*2% of the bet (ie £6 or $10). For the fourth bet 4*2% (£12 or $20). For the fifth, bet 8*2% (£24 or $40) and for the sixth, bet 16*2% (£48 or $80).
When you’ve lost all six games, stop for the day. At that point, you would have lost £96 or $160. But this is rarely true when you pick the winner of the day. Also, when you have won even in the game, stop for the day.
Once you have doubled your initial bankroll amount to £300 or $500, only then can you increase your bet to 2% of this amount. Until then, you must continue to wager only 2% of the first principal amount. Now your bet will be £6 or $10. But if you lose money and your balance drops back to £150 or $250, bet £3 or $5 again.
Your profits will be low, but they will be constant. With that in mind, you can earn up to 5 times your initial investment. All you need is patience and the drive to control your greed. By doing that, you may very well retire early.
Gambling is an addiction, but you need to keep your mind firmly on your shoulders and keep a close eye on your bankroll.
