Greyhound Dog Racing Tips.
If you've been around greyhound handicapping for any length of time, you know the myth I'm talking about. But some of the newer players may not know that something that many people tell you is the best way to make money at the track is actually the surest way to go broke.
It's been around for hundreds of years anywhere that people bet. You can find it at Cannes where high society bets on the roll of a roulette wheel. It's there at the Kentucky Derby and the English Derby and in Australia, Asia and New Zealand. Irish punters tell each other what a great system it is as they bet on their top dogs. Harness racing fans in New Jersey swear that it works because they knew someone who knew someone who had a brother in law who used it and got rich.
Well, I'd like to meet that guy, because he's the only one who ever HAS gotten rich off this system. Yet, everyday at race tracks and casinos all over the world, people are still buying this losing system and still using it to lose yet more money. The only people who get rich on it are the sleaze balls who sell it.
So, what is this system? Well, it has several names. You might know of it as the Martingale System. Another name for it is the Doubling System. That's a good name for it because it describes how it works. Basically, if you lose a bet, you double the next bet and keep doing that until you hit a winning bet.
When you do, you get back all the money you lost and make money also. It sounds plausible, until you realize that - if you have several losing bets in a row - you'll run out of money unless you have infinite resources, which most of us don't have.
It was originally based on a simple game of tossing a coin with small wagers, but it quickly became popular with bettors who played other types of games, including those who wagered on horses and dogs. I heard about it from a fellow dog player on my second trip to the greyhound track back in the 1970's. He swore he made money with it and offered to sell it to me for $10.
I passed and watched him try the same trick with other new dog players for years. I can only assume that - if he did make money on the Martingale System - he was doing it by selling it to unsuspecting newbies. In conclusion, I'd like to recommend that you use a variation on the opposite of the Martingale System.
If you bet smaller bets when you're losing and larger bets when you're winning, you'll have a much better chance of keeping your losses to a minimum and your winnings to a maximum. This is the only money management system that I've ever found that really works over the long term.
Greyhound Dog Racing.