greyhound martingale

[wasimbutt2007]

I am trialling a new system, risky but potentially profitable.
It takes into account the martingale system (i know many people oppose this system) but i think it could work with the dogs if you have a large enough bank.
Here's my steps:

1. Pick anyone race meet
2. Study the form of each races (recommend studying for 30-45 mins) and try and select a dog for each race.
3. Now look at your selections, which trap have you selected the most?
4. If you have selected trap 2 more than any other, then you should stick to this trap for the whole race meet.
5. This is where the martingale comes into account, you start off with a small amount (i will start off with a £1) and double your stakes after every loss until you win.
Here's an example:

race 1: £1 LOSE
race 2 : £2 LOSE
race 3: £4 LOSE
race 4 £8 LOSE
race 5 £16 WIN @ 3/1

TOTAL STAKED: £31
TOTAL RETURNS: £64
TOTAL PROFIT : £33

This is an example, you may win at better odds or worse odds. I know this system is risky but i wouldn't try it if it wasn't profitable.
I have tried for only 2 days and will write a post in a couple of weeks to see how it has gone.
I lost £63 first day
I won £97 second day.

I would only recommend this to experience punters or punters with large betting banks.
What do you guys think of this?

[Betfairalfie]

I often wonder if I should respond to these types of questions as I may come across as a repetitive moaner. But for the benefit of those who don't already know my views on greyhound racing systems and the Martingale bank emptier staking plan, this is for you;

[sergeant_cecil]

When will people learn that the Martingale system is the quickest way to the poor house ?

I have a record of nearly 3 years bets, albeit on horses. The system I use picks favourites 90% of the time, so the prices would not be miles away from those in greyhound racing.

The system is profitable returning over £50,000 since August 2005. I'm only saying this to prove that the system does pick winners (33% hit rate i.e. 1 in 3 bets).

The longest losing sequence is 21 bets which would require me laying out over £2,000,000 on the winning 22 bet !!! A large bank would indeed be needed.

Don't think that it was just an unlucky sequence. There were two other sequences of 20 losing bets, each requiring bets of over £1,000,000 to keep the Martingale system happy.

Forget about using the Martingale system as your staking plan. You will lose in the long run.

However, if you continue, I wish you luck. You'll need it !

[slinkymofo]

you can use the martingale but with a limit to stop yourself going broke 6 loss max works for me 1 loss per day is the way as you can only lose once but ive had days where ive won over 10 times without a loss for the day but you need to quit after the 6th loss

[fairfranco]

surely stopping after 6 losses defeats the object of doing a MartinGayle staking system in the first place.

By that point you've lost most of your bank anyway and you would need to lower your stakes considerably for the next bet, a few losses then and your bank will be looking pretty nonexistant.

[sergeant_cecil]

I wouldn't bother arguing, Fairfranco.

It would seem the only way to learn about the Martingayle system is for them to try it and get their fingers badly burned.

You can lead a horse to water.........

[brewster39]

I'm sorry but I think this 'Martingale' is a clown. End of. If you lose x amount of bets in a row say it's five, then you shouldn't be in this biz in the first place. Doubling your stakes is just daft talk.
_________________
PLAY UP POMPEY

[The Executioner]

Wasim - take the advice and DON'T do the system ; you will in the long term LOSE - of that I have no doubt !

Even if you stop after six losers as somebody suggests - this will mean laying out 63 unit stakes. ( 1-2-4-8-16-32 ) ; if you then started again the following day using the same staking plan and fail to pick a winner then that will be another 63 units down the pan. So picture it - you are 126 units down and on the third day of betting your first selection wins at 2/1 reducing your balance to -124 ; the next day your first selection wins at 2/1 reducing the loss to -122 and so on and so on ; you see where I'm getting to with the system - the rewards are very minimal and the risks are BIG.

[sergeant_cecil]

Wasim's original post was a year ago, Executioner.

I hoped he took the advice, or maybe he's in the poorhouse ?

[The Executioner]

A lot of the BAGS cards have 14 races or so for their meeting so let's say somebody decided to go for it on every race starting at £1 and doubling up.

1-2-4-8-16-32-64-128-256-512-1024 = £2047 staked on just the first ten races :

Race 11 £2048
Race 12 £4096
Race 13 £8192
Race 14 £16384

You would therefore need to enter a betting shop with £30;720 in your pocket. Anything passed race 10 ( £1024 stake ) you would almost certainly be knocked back on ; and can you imagine getting to race 14 ; have you the bottle or the cash to place the bet without having the added hassle of being told to take your business elsewhere.

[The Executioner]

I hadn't noticed that Sarge - hopefully he did take the advice ; i wonder why the thread appeared near the top again

[sergeant_cecil]

You have slinkymojo to thank for bringing it up again. Although, I can't think why he's reading posts over a year old just to come out with that pearl of wisdom advocating the fastest route to the poorhouse.