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Boxfresh's Betting System

  • #1
    Registered Users Posts: 1,298 ✭✭✭ Boxfresh


    I got this idea from another forum and the original poster made over €600 profit in about 2 months. He then increased his stakes and went for higher odds, got greedy and ended up losing it all. But I think with the right discipline and half decent bets I should make a profit.
    I've tried this system with small stakes over the past few weeks and for the first time since I started gambling I'm showing a consistent profit.

    This system is based on a system called the martingale system. You can read up about it on wikipedia for more info. All my bets are pre determined in a series of bets like this: x, 2x, 4x, 6x, 8x, 12x. With 'x' being €10 in this case.

    It will mostly be football bets that I will do and I will place bets on odds on favourites between 1.5 and 2.0 or there abouts. If I lose my first bet of €10, my second bet will be €20, if that loses, my 3rd bets will be €40 and so on. As soon as I get a winner in that series I will go back to my original stake of €10 and start the series again. I will use Betfair prices as they are usually the best. First bet to follow shortly.


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Comments



  • Boxfresh wrote: »
    It will mostly be football bets that I will do and I will place bets on odds on favourites between 1.5 and 2.0 or there abouts. If I lose my first bet of €10, my second bet will be €20, if that loses, my 3rd bets will be €40 and so on. As soon as I get a winner in that series I will go back to my original stake of €10 and start the series again. I will use Betfair prices as they are usually the best. First bet to follow shortly.
    Thats not the Martingale system you are describing above. It works slightly differently (or would work in your case if the odds were constant). The idea is that you set yourself a set amount to win each time you make a bet. To simplify this, I will use betting on black or red in roulette. If I bet on €10 black, at odds of evens, and lose, my next bet has to cover my initial stake (€10) plus my potential winnings (€10), therfore my next bet would be €20 on black or red. If that bet is successful, I have won my stake back and the amount I was initially trying to win, and the system dictates that I start off again.

    However, if the odds are constantly fluctuating (as in soccer) well then your stake will have to match the fluctuating odds, so it's not just a case of 1x 2x etc....

    The flaws in the system is twofold:

    1) You could end up using a very large stake for a very small return.
    2) It assumes that you have access to a substantial amount of cash.

    It can work, but the returns would outway the risk eventually.




  • Hobart wrote: »
    1) You could end up using a very large stake for a very small return.


    It's all about limiting my losses at that stage. Then I start the series again. As long as I don't get as many as 6 or more in a row losses it shouldn be that bad.

    By betting on odds on favourites less than evens shouldn't be hard to get winners within a series of 6 bets or less.




  • Boxfresh wrote: »
    It's all about limiting my losses at that stage. Then I start the series again. As long as I don't get as many as 6 or more in a row losses it shouldn be that bad.

    By betting on odds on favourites less than evens shouldn't be hard to get winners within a series of 6 bets or less.

    A run of six losses on an evens return could see you lose €490, for a potential return of €10. Eventually you will win, that's the beauty of the system, but you won't see many evens fav's in a soccer game, and your returns will be quite small for the risk.

    Best of luck on it, I'll be keeping an eye in to see how it goes for you.




  • I know that there won't be many favourites at evens but I could use the half time/full time or the over/under 2.5 goals market on that match. We'll see how it goes for a while anyway. Thanks.




  • Martingale = Road to poorhouse


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  • Bet 1: €10 St. Patricks to beat Monaghan Utd @ 1.4 LOSE

    Bank -€10




  • would echo hobarts words,and strongly advise against this your not betting in 100% markets for a start probably between 110-120(unless your using betfair then you have to allow for paying them). this system can work in casinos but there very wise to it.
    its not very unusual to have a very bad streak in gambling.




  • would echo hobarts words,and strongly advise against this your not betting in 100% markets for a start probably between 110-120(unless your using betfair then you have to allow for paying them). this system can work in casinos but there very wise to it.
    its not very unusual to have a very bad streak in gambling.

    What makes you think I'm betting in the 110-120% markets?? I am using Betfair prices like I said in the very first post and they are extemely close to the 100% mark if not under.




  • Here is the link to the original thread where I got the idea if anyone wants to look at it:

    http://www.punterslounge.com/forum/f19/straight-bets-glory-hunt-bagzi-crna-gora-77837/




  • The problem with this system is that if winning on bet 4 (6x @ 1.9-2.0), for example, doesn't return enough to cover bets 1-3 (totalling 7x), and so you need to move onto bet 5.

    Example;
    €10 - lose
    €20 - lose
    €40 - lose
    €60 - win @ 2.0 (€60 profit, or €57 on Betfair). Session is -€10 (or -€13) at this point.

    If you followed a flat out Martingale system, and bet 4 was €80, you'd be a few euro in profit and could close the session. As it stands, you'd need to continue with the session to (attempt to) profit, or close the session with a loss.

    I suppose the main thing to be wary of is not to chase losses (easier said than done!), and don't risk what you can't afford.

    G'luck anyways! :)


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  • Boxfresh wrote: »
    What makes you think I'm betting in the 110-120% markets?? I am using Betfair prices like I said in the very first post and they are extemely close to the 100% mark if not under.

    Read my post




  • Bet 1: €10 St. Patricks to beat Monaghan Utd @ 1.4 LOSE
    Bet 2: €20 Kettering to beat Gateshead @ 1.57

    Bank -€30




  • best of luck. Gateshead could be either one of two things tonight.
    Disconsolate at their player who got his leg broken over the weekend - the match was abandoned and the other team want the three points or
    Up-for-it to try and win it for him.
    I would have gone with Cambridge at 1/2 but that's just me.
    As I've said good luck anyway !




  • Yeah I was thinking of doing Cambridge, they were my first choice today but the odds were shorter than 1.5. I had to find something at over 1.5 to for my second bet to recover my first bet in the series so Kettering were my second choice. Fingers crossed!




  • Martingale = Road to poorhouse

    QFT




  • Why does everyone have to be so negative on this forum :rolleyes:

    I must point out that I am using virtual money and this is only an experiment for now.




  • Ha, now you decide to tell us that it's virtual money :D

    And the feedback you're getting is actually helpful, not fully sure why you're dismissing it so easily.




  • Boxfresh wrote: »
    Why does everyone have to be so negative on this forum :rolleyes:

    I must point out that I am using virtual money and this is only an experiment for now.

    Whats the point of experimenting, you've already seen the way it works on the other thread you linked us to?




  • Hobart wrote: »
    Whats the point of experimenting, you've already seen the way it works on the other thread you linked us to?

    Well I just wanted to bring this idea or system to this forum to see what people thought of it and try it out myself.

    Do you guys think this is a complete waste of time? Will I not bother going any further?




  • I tried same/almost the same before. Got it from 100 to 350 before losing it all.

    It was interesting though. I was going to do it again with a ratchet sort of system where once I got to two hundred I'd bank a hundred and start all over again - but haven't had the time.


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  • id be in favour of you continuing with it, just to see how it pans out and all that.




  • Bet 1: €10 St. Patricks to beat Monaghan Utd @ 1.4 LOSE
    Bet 2: €20 Kettering to beat Gateshead @ 1.57 WIN €29.83

    Bank -€0.87




  • Boxfresh wrote: »
    Bet 1: €10 St. Patricks to beat Monaghan Utd @ 1.4 LOSE
    Bet 2: €20 Kettering to beat Gateshead @ 1.57 WIN €29.83

    Bank -€0.87

    so according to your method ... you restart on €10 now ? (am I right)

    or do you double up and put €40 down on next bet ?




  • PCPhoto wrote: »
    so according to your method ... you restart on €10 now ? (am I right)

    or do you double up and put €40 down on next bet ?


    That's right I will now start my 2nd series tommorow with the first bet being €10.




  • Bet 1: €10 England to beat Croatia @ 1.62

    Bank -€10.87




  • Bet 1: €10 England to beat Croatia @ 1.62 WIN €15.39

    Net Profit: +€4.52




  • Ignore me !!! I had a 0-0 and you had a 4-0 winner !! keep it up!




  • I see your giving it a go Boxfresh, best of luck with it.

    I am doing it at the moment myself offline, but most of my bets are on in-running bets where there are only two outcomes e.g. over/unders, Cricket next man out, snooker, tennis etc but i suppose posting your bets will keep you disciplined!




  • Bet 1: €10 Leeds (away) to beat Southend @ 1.96
    Lose game finished 0 - 0

    Net Profit: -€5.48


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  • Bet 1: €10 Leeds (away) to beat Southend @ 1.96 Lose game finished 0 - 0
    Bet 2: €20 Liverpool/Liverpool ht/ft @ 1.63

    Net Profit: -€25.48


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