System #11 Parlay Straights
This is a system that I really enjoy every month. This money management allows you to set a specific amount that you want to win. You can chose to win this amount every week, every month, 2 months, etc…
You can apply this system with parlay or with straight bet. For the moment, we will use the parlay.
How does it works ? Well it is very simple.
Let’s say that you want to make $500 profit a month with your bets.
First, all you have to do is to is to create a series of 3 numbers which will total $500. Also, the first and third number of the series must be the same and must be the double of the second number. You can use a simple formula to calculate all the number.
This formula is : A = Amount you want to make / 5
Now for the first and the third number, it’s 2 X A
For the second number, it’s A
For $500, the 3 numbers will be:
A = 500 / 5
A = 100
First and third number = 2 X A = 200
Second number = A = 100
So the series will be:
200 – 100 – 200
for a total of 500
If the amount you want to make is $100, the series will be:
40 – 20 – 40
For a total of $100
Ok, now that your series is done, write down this series. So you have:
200 – 100 – 200
The only thing that you have to do is to eliminate the entire series by betting 2 team parlay.
You will always start by eliminating the first and the third number of the series. To do so, add these 2 numbers. In our case, that is 200 + 200 = 400.
So, now your target is 400. You have to place a 2 team parlay in order to win 400.
For the purpose of our example, let’s say that the odds are 1.93 (-107). That means a 2 team parlay will pay 3.74 (+274 ).
To calculate the amount you need to bet in order to win 400, use this simple formula:
Amount to bet = Amount to win / ( odds –1 )
So in our example, it’s
Amount to bet = 400 / (3.74 – 1 )
Amount to bet = 400 / 2.74
Amount to bet = 145.99
So, in order to win $400 with this 2 team parlay, you need to bet $145.99.
If you win the parlay, you would have eliminated the first and the third number you have written down.
If you win the parlay, cross out those two numbers. It will looks like this:
200 – 100 – 200 91
This leaves you with:
Now the only thing you need to do is win a parlay that would win $100.
Ok, of course this is when everything go well. Now let’s say you lose your bet.
When you lose your bet, you will add your loses to your target.
If your series was:
200 – 100 – 200
And your bet was 145.99 in order to win 400 and you lose this bet, you add 145.99 to your 500.
So, now you have a total of 645.99
After that, you breakdown this new amount into 3 numbers using the formula that I showed you.
Your new series will be:
258.40 – 129.20 – 258.40
Again here, you new target will be the sum of the first and the second number.
Your new target will be 516.80
So, using the formula, in order to win 516.80 with a 2 team parlay at odds 1.93, your next bet will be 188.61. If you win your bet, cross out those 2 numbers and this will leaves you with:
Now, all you have to do is win a 2 team parlay that will win 129.20.
If you win this parlay, you would have made a $500 profit. When you’re left with only one number, you can add your loses to this amount every time you lose and bet a 2 team parlay in order to win this amount. However, if this amount goes to high, simply split this amount into 3 numbers using the formula and start the process again.
1) Chose the amount you want to make
4) When you hit the first parlay, cross out these 2 numbers and bet the amount you need to bet in order to win the remaining number you have written down
5) When you lose a parlay, add the loses to the target and breakdown this amount into 3 part using the formula
6) When you have just one number left, add the loses the this number and bet a 2 team parlay in order to win this amount.
7) If this amount goes to high, split this amount into 3 numbers using the formula and start the process at the beginning.
8) When you hit 2 two team parlay, you will have eliminated the entire series and made the profit determined by you
2) Use the formula to find create the 3 numbers series
3) Use the formula to find the amount to bet to win the total of the first and third number of the series
Labels: Betting Systems