This is one of Frank’s methods of dealing not only with underdogs, but parlays as well. Most tout’s will tell you to avoid parlays at all costs. However it can be wise to keep an open mind sometimes too. Take a good look at this system and realize that its not always systems that produce winners, but wager tactics as well that brings about the bottom line: PROFIT! -JConnelly
Here’s Frank’s System #5:
This is a betting system that constantly have shown a steady profit for me.
The goal of the system is to win just one parlay in an ten bet series. This is only a 10% winning rate. So, if you can pick a winner within 10 picks (or more if you have a bigger bankroll or you use underdogs), you make a profit.
First of all, stay away from parlay of more than 2 games. The more games you have in your parlay, the lower will be the payout proportionally to your bet. This is normal and this is how the sportsbooks are making their money.
Lets take a look at the chart for odds of –107 (1.93)
2 Teams – odds are 3-1 – Pays 2.74
3 Teams – odds are 7-1 – Pays 6.24
4 Teams – odds are 15-1 – Pays 13.01
5 Teams – odds are 31-1 – Pays 26.10
6 Teams – odds are 63-1 – Pays 51.42
So, keep it simple and safe: ALWAYS USE A 2 TEAM PARLAY.
Who are you going to bet on ? Well, 2 strong underdogs whose payout is big or 2 money line favorite with reasonable odds.
I can’t tell you exactly what bankroll you need because the odds are changing everyday. But I think that a bankroll of 100 units would be reasonable
The bet will be calculated with the odds offer by the bookmakers.
The formula is: B = (TL+P) / ((GAME 1 X GAME 2) – 1)
B = Your bet
TL= Total lost
P= Profit you want to make
GAME 1= Odds for game 1 (International odds)
GAME 2= Odds for game 2 (International odds)
Decide the amount you want to win.
Let’s say you want to make $25 on day 1 and the odds for the 2 games are –120 (1.83) and +110 (2.10)
B= (0 + 25) / ((1.83 X 2.10) – 1) = $8.79
Your first bet is $8.79 for the parlay.
If you win, you make $25 profit. $8.79 X 1.83 X 2.1 – $8.79 = $25
You go to step 1
If you lose, you go to step 2
Let’s say the odds for the 2 games are –140 (1.71) and +105 (2.05)
B = ($8.79 + $25 ) / ((1.71 X 2.05) – 1) = $13.46
Your next bet is $13.46
If you win, you make $25 profit. $13.46 x 1.71 X 2.05 – ($13.46 + $8.79) = $25
You go to step 1
If you lose, you go to step 3
Let’s say the odds for day 3 are +120 (2.20) and –105 (1.95)
B = ($8.79 + $13.46 + $25 ) / ((2.20 X 1.95 ) – 1) = $14.36
Your next bet is $14.36
If you win, you make $25 profit. $14.36 X 2.20 X 1.95 – ($14.36+$13.46+$8.79) = $25
You go to step 1
If you lose, you go to step 4
Continue the progression using the betting formula until you hit a parlay. When you’ll hit a parlay, you’ll make a profit.
Remember the rules to follow:
1- Using the betting formula, make a 2 team parlay.
2- If you lose your first parlay, make another 2 team parlay using the betting formula. Continue to make 2 team parlay until you win one 2 team parlay.
3- If you win the first parlay, start another series at step 1
4- When you hit a parlay anywhere in the series, you’ll make a profit.
5- If you lose, continue the series up to 10 bets and even more if you can afford.
I highly recommend this system. I use it everyday with my daily picks and it works very well. I only have to hit just one parlay in the series to show a good profit. I love that!
Here’s an example
For the purpose of this example, we will assume that we’re betting a 2 team parlay against the spread in basketball or football. The odds will always be 3.86 (2 X 1.93 (-107)).
Day Wager W/L NET PROFIT
1 8.75 L -8.75
2 11.80 L -20.55
3 15.93 L -36.48
4 21.50 L -57.98
5 29.01 L -86.99
6 39.15 L -126.14
7 52.85 L -178.99
8 71.33 L -250.32
9 96.27 L -346.59
10 129.93 W +25
You finish your 10 days of betting with only one win out of 10. A winning ratio of only 10% and you make a profit of $25. Remember, it was with odds of 1.93. Now imagine with odds of 2.50 for each team during the baseball season.
With a bankroll of 100 units, you can resist a losing streak of at least 25 games in a row. Not to bad!
1) Keep on betting as long as your bankroll allow it to. If you experience a long losing streak without hitting your win to close the series and you have lost near 50% of your bankroll, maybe you should accept the lose and start a new series from the beginning.
2) In order to have the best success, use your 2 best picks of the day for your parlay.
3) If you have a big bankroll, you can run more series at the same time.
This powerful betting system allow you to make a good profit even if you have winning rate as low as 4% during the baseball season if you use underdogs. You have to do your homework but you will make a good profit.
This system can be used with any sports and with any kind of bets. You just have to calculate the odds with the provided formula.