If you are an experienced sports gambler you know the old adage, that if you chase your loses you will lose your shirt and be certain to bust your account. It is time to throw all that non-sense out of the window and learn for the first time, that chasing your loses is the best possible scenario. In order to make money using a chase betting system you need three items at your disposal:
1. A decent bankroll (or account balance)
2. A Plan
3. A strong stomach to carry out the plan
The old adage states that: he who chases his losses will burn through his bankroll. This is true, only if you do not have a true plan, a strong stomach and a decent bankroll. Let me explain. The old adage comes from the gambler who bets $100 on Team 1 to win today. Team 1 loses, thus tomorrow the gambler bets $200 on Team 2 to win (he thinks he can not lose twice in a row and plus Team 2 is a sure thing). Team 2 loses, then on day 3 he bets his remaining bankroll on Team 3, he loses and within three days his bankroll busts. The old adage is true, for this gambler…not for you.
You see a chase system uses simple mathematics to ensure that you do not ever lose money. However, you must make sure you bet the correct amount and you must have the guts to follow through with this program. The system is easy to follow regardless of which sport you bet on and regardless of if you are chasing a specific team or a general sport. In 2007, AFSB completed a study of the chase system in the NHL focusing on the Montreal Canadians. The system worked like this: On day 1, $25.00 was bet on Montreal, if Montreal lost, then the next time that Montreal played $50.00 was bet on Montreal, if Montreal lost again, then in the next game $100.00 was bet on Montreal, if Montreal lost that game then $200.00 was bet on Montreal and so on until Montreal wins or you run out of money. Once Montreal wins then the system resets and the next time Montreal won $25 was bet on Montreal in their next game, if they lost then in the next game $50 was bet on Montreal, however, if they won, then in the next game $25 was bet on Montreal.
This simple system made us $1,210.00 in the NBA Playoffs in 2007 (see our Article on Absolutely Free Sports Bets regarding the NBA Dog-Chase System). We again used this system in the 2008 MLB playoffs and picked up a nice $1,373.00.
In the 2010 NCAA Basketball season we are utilizing this system in a more generic manner. We are playing one Dog-Chase and one Favorite-Chase that is not team specific. Click on our Free Picks link to see the details of the 2010 NCAA Basketball Chase System hard at work.
In order to ensure that your account does not bust we recommend that you only bet with 1/4 of the normal amount that you gamble with per game. For example, if you bet $100 per game, then under a chase system you should only bet $25.00 per game. This is why:
The chase system is based upon the premise that you should not be able to incorrectly handicap a game for seven days in a row. If you are betting $100.00 per event in a chase system, and are incorrect 7 times in a row then you will be betting $6,400.00 on the seventh game ($100, $200, $400, $800, $1,600, $3,200, $6,400). To protect yourself you should bet 1/4 of the normal amount, in our examples we assume 1/4 would be $25.00 per event ($25, $50, $100, $200, $400, $800, and $1,600).
Let’s examine the power of the Chase system. Let’s examine one gambler who bets on 14 games (1 per day, over a 14 day period) and this gambler does not do so well, he wins 6 and loses 8. Example 1 below shows if he simply bets $100.00 per game at a normal -110 per game. Example 2 shows the same gambler with the same results, however, he bets $25.00 in a Chase system.
Example 1 – Sports Gambler that wins 6 bets and loses 8
betting $100.00 per game, one game per day
Game 1: Winner, $91.00
Game 2: Winner, $91.00
Game 3: Loss -$100.00
Game 4: Loss -$100.00
Game 5: Loss -$100.00
Game 6: Winner $91.00
Game 7: Loss -$100.00
Game 8: Loss -$100.00
Game 9: Winner $91.00
Game10: Loss -$100.00
Game 11: Winner $91.00
Game 12: Loss -$100.00
Game 13: Loss -$100.00
Game 14: Winner $91.00
This gambler is 6-8 and lost $254.00 over a two week period.
Example 2 – Sports Gambler that wins 6 bets and loses 8
betting $25.00 per game (with chase rules), one game per day
Game 1: 25 is bet and Wins $23.00, so in the next game:
Game 2: 25 is bet and Wins $23.00, so in the next game:
Game 3: 25 is bet and Loss -$25.00, so in the next game:
Game 4: 50 is bet and Loss -$50.00, so in the next game:
Game 5: $100 is bet and Loss -$100.00, so in the next game:
Game 6: $200 is bet and Wins +$182.00, so in the next game:
Game 7: $25 is bet and Loss -$25.00, so in the next game:
Game 8: $50 is bet and Loss -$50.00, so in the next game:
Game 9: $100 is bet and Wins $91.00, so in the next game:
Game10: $25 is bet and Loss -$25.00, so in the next game:
Game 11: $50 is bet and Wins $45.00, so in the next game:
Game 12: $25 is bet and Loss -$25.00, so in the next game:
Game 13: $50 is bet and Loss -$50.00, so in the next game:
Game 14: $100 is bet and Wins $91.00
This gambler is 6-8 and WON $105.00 over a two week period with a losing record.
Obviously you can use this system in way you wish, here are some possibilities:
(1) Team specific. In 2007, in the NHL we only used this system betting on Montreal. If Montreal lost, we doubled up on the next game, if they won, then in the next game we reverted back to our starting point.
(2) Position specific: In 2010, we are playing one dog AMBBET and one favorite every day in NCAA Basketball, if the dog loses then we double up on a different dog the next day, if the dog wins then the next day we revert back to our starting point. (The same is true for our favorite system)
(3) Position specific within a series: In the 2007 NBA playoffs we played on the dog throughout a series, thus the dog could be Team 1 in game one vs. Team 2, but then Team 2 could be the dog in game 2. We played on the dog regardless of who we played on the previous game.