Would the martingale system be a good strategy for draw no bet in football?
On Betfair I was thinking of backing draw no bet for the favourite at prices around 1.80, and just keep raising my stake when I lose and of course I am getting my stake refunded when the game is a draw.
Surely this is unlikely to get a long run of losses and the draw scenario is basically giving you a free shot with no loss.
So I would do something like this:
Back team A draw no bet, odds 1.80. Stake £6.40 to win £5. If win I just do same again. If it's a draw I lose nothing, and of course if other team wins I am £6.40 down, but now I do next bet to win £11.40 and so on.
I will obviously have to stop at some stage with a really bad run but my selections are usually quite good, and it's not like I am randomly selecting games.
Any thoughts about this?
Instead of draw no bet could you get better odds by backing the team you thought would win and include the full-time correct score 1-1. Chances of a game ending 0-0 or 2-2 are slim anyway.
Regarding your strategy, you are already betting £11.40 on the 2nd bet just to get a fiver. What if you lose this, are you then betting £30 or something on your 3rd bet.
That’s the problem with the martingale the stakes grow rapidly and you could easily go on a run of losing.
If you do decide to do just set a stop limit like for example if 5 losses in a row you stop. You may find you go on a nice long run winning, but please do the stop thing as you don’t want to be betting 100’s for a fiver.
Try it on paper for a month before wasting any money. If it works out go for it. The only thing which will beat you is if you go on a really horrible run which is quite likely to happen at some point.
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