Money Management
The doubling system
It is always important to have a system you can rely on to manage your betting budget. The system must adapt to your winning percentage so you can control your loss in a way that in the long run it is smaller than your gains. The doubling system is a good way to speed up your bounce back
The doubling system is pretty strait forward. I’ll explain it as simple as possible, I hope I don’t get too fancy with words, lol.
This technique has given me the opportunity to stay above and maintain earnings, without having to play catch up using same amount wagers and looking for big odds or parlaying.
What is the doubling system?
It’s a betting budget splitting and planning technique used to compensate the losses of previous unsuccessful bets, without having to search for odds higher than 2.00 (2/1 Fractional, +200 American) to get your lost wagers back.
Why is it called doubling system?
The name is brought up from the fact that every loosing bet forces you to double your wager on the next opportunity, these means that your budget must be broken down into the opportunities that your model requires depending on its yield. Many can argue that every chance is independent from one another but using stat models like regression analysis can show that chances of success increase given the outcome of previous events.
Procedure to calculate your wagers using the doubling system:
- Stablish your betting budget.
- Stablish the max opportunity allowance. (include safety opportunities)
- Divide your budget by 2 to set the wager of your last opportunity.
- Divide you’re the remainder by 2 until you get to your first opportunity’s wager.
- Calculate the necessary odd to at least get your money back by dividing the sum of your lost wagers and the wager of your next opportunity by the wager of your next opportunity.
Example
I included a macro enabled Excel workbook where you can input your budget and the max opportunities allowance that your model yields to calculate the wagers and the minimum odd per opportunity to assure you get your money back. The workbook was made only with the minimum necessary stuff to make it work. If someone wants to make it more professional and would like to share it back, it will be deeply appreciated.
Published by Caad
