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Since a gambler with unlimited bankroll will, almost surely, eventually win, the Martingale betting strategy is seen as a sure thing by some. Of course, no one has an unlimited bankroll, and the exponential growth of the bets in order to cover losses will eventually bankrupt gamblers who use this system. This system requires you bet a fixed amount for each bet. It also means any chance of winning will also be slow and steady. With this strategy, you bet a fraction of your balance in proportion to your edge.

In this case, we used the Kelly equation for proportional betting. Here your bet would be your edge divided by the odds. This means winnings increase quicker than in the fixed-wager system, and losses slow down. The Fibonacci sequence are numbers in the following sequence:. By definition, the first two numbers in the Fibonacci sequence are either 1 and 1, or 0 and 1, depending on the chosen starting point of the sequence, and each subsequent number is the sum of the previous two.

However, this strategy is eliminated on just the second round. The more live betting opportunities you take advantage of, the more you will likely end up winning. Who knows, you may become a live betting pro in no time and be able to create your own strategies based on what you learn. The choices are yours — literally — as you partake in your live betting experience. Need more winning picks? The handicapping, sports odds information contained on this website is for entertainment purposes only.

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