# Sports Betting Programs

I guess almost everyone have heard those legends about people that have invented and used sports betting systems for them to avoid loses and get great profits in the end. Well, in today?s high tech world where sports betting industry is continually growing and making larger and larger profit annually, it is nearly impossible to think that numerous people still live from betting.

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

Nevertheless, many bettors believe that you can still find certain sports betting systems that actually 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 few of them:

Martingale System

Martingale System is basically the most widely known sports betting system on earth. It has nothing to do with picking the winner because the whole story of this 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 repeatedly. It is applied by beginning with one bet, and starting again if you win. However, if you lose, you double your bet, and every time you lose, you double your last lost bet. As believed, this will eventually enables you to 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 after you loose and start again when you win”.

Parlay System

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

So in horse racing, for instance, you simply let it ride. Also, unlike the other sports betting systems, the Parlay System offers the least amount of risk of all wagers for the reason that the bettors are only concerned with 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 said to be the opposite of Martingale. Well, the real difference lies on the notion that on Paroli, you start with one bet and raise the bet when you win rather than you lose. The benefit of this particular one of the very popular sports betting systems is that you do not require a sizable bankroll. The system lets the profit run and cut short the losses.