Betting Strategies
05.06.2023, 09:56
22.05.2024, 20:17
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Doubling Up Strategy: A Closer Look at a Risky Betting Technique

Experienced handicappers have analysed the results and concluded that "chasing" and "arbitrage" strategies are risk-free in betting. However, the "chasing" tactic is specific and dangerous for beginners.

In practice, this strategy has led many players to bankruptcy. For example, the football club Alaves in the Spanish league of the 2001-2002 season had a series of 29 games without a single draw. The double "chasing" scheme is considered safer for customers of bookmakers.

The double-chasing strategy involves placing consecutive bets on opposite outcomes. For instance, a player places a "chasing" bet on "under total" until it wins and then proceeds to "chase" the "over total" and vice versa.

Advantages of the strategy

  1. Higher frequency of winning bets.
  2. Consideration of objective factors by the player, such as team or athlete injuries and current form.

Disadvantages of the strategy

  1. Limited applicability: The strategy is most effective in situations where there is a clear trend or pattern in the performance of a team or athlete. It may not be applicable or reliable in all sports or events, as factors influencing outcomes can vary greatly.
  2. Psychological impact: The strategy requires discipline and emotional control, as chasing losses or switching between opposing bets can be mentally challenging. Emotion-driven decision-making can lead to impulsive or irrational betting behaviour.

For example, if a team has improved its defence and played a low-scoring match, the likelihood of another "under total" outcome in the next game is higher.

Similarly, the same principle applies to the "over total" outcome if a team has improved its offence. Statistically, it is more challenging to encounter a series of "over-over-over" outcomes than "under-under-under" or "over-over-over" outcomes.

One drawback of the strategy is its dependence on the specific team or athlete involved in the "double-chasing". There is a risk of bankruptcy associated with the double-chasing strategy.

Basics of Double-Chasing Strategy

The "Double Chasing" strategy, or the "Doubling-Chasing," involves doubling the bet amount after each loss. The principle of this combined approach is to select a match with a clear favourite and a winning coefficient of no higher than 1.33.

The player analyses the current state of the teams and athletes, examines the results of their last 5-7 matches, and studies the history of their head-to-head meetings. The event suits betting if the favourite has won most of their previous matches.

However, it's important to note that the "Doubling Chasing" strategy has risks. In the case of a prolonged losing streak, doubling the bets can lead to significant losses and the rapid depletion of the bankroll. It's also worth considering that the low coefficients on favourites may limit the potential profits.

When using any betting strategy, including "Doubling Chasing," exercising responsibility and practising proper bankroll management is crucial. Assessing your financial capabilities and considering the risks before implementing this strategy is recommended.

Example of Usage the Strategy on Table Tennis

Let's consider the application of the strategy using the example of table tennis. The following factors influence the choice of this sport:

  • The dynamic nature of the sport, with a game typically lasting at most 10 minutes.
  • A wide selection of events is available for betting.

The user of a betting company determines their flat stake - a fixed amount for each bet. After the match has started, the user places a live bet on the favourite to win with a handicap of -2.5 in the first set. The odds range from 1.72 to 2.40.

In the event of a win, the player moves on to select the next match. In case of a loss, the player places two flat bets on the favourite to win with the same handicap in the second set. A successful bet compensates for the invested amount and generates a profit.

It's important to note that this example is specific to the strategy described and may not guarantee success in all situations. It is essential to conduct thorough research, assess the current conditions, and consider individual factors before applying any betting strategy. 

Responsible bankroll management and moderation are crucial for long-term success in sports betting.

Bet Number Betting amount, ₦ Odds Outcome Account Balance, ₦
1 100 1.72 lose -100
2 200 1.72 winning 44

If the second bet is a loss, the user of the betting company moves on to a new match. Continuing the Double-Chasing strategy is not feasible due to the specific nature of table tennis.

Players in table tennis maintain their focus and make minimal mistakes in the first two sets. The match's outcome is influenced by factors such as fatigue and the players' psychological state as the match progresses.

Example of Usage the Strategy on Football

For example, we pick the Manchester City team as our betting favourite.

Considering Manchester City is the clear favourite in each game they play following your pre-match analytics, with betting odds of 1.33 or higher.

Now let's look at the "Double Chasing" strategy in action:

  1. Bet 1: You place your initial bet. You decide to start with $10 on Manchester City to win. Outcome: If Man City wins, you profit. If they lose or draw, you proceed to the next step.
  2. Bet 2: Following the strategy, you double your initial bet because Man City didn't win the first time. So now you bet $20 on Manchester City to win. Outcome: If Man City wins, you profit, having covered your initial loss. If they lose or draw again, you proceed to the next step.
  3. Bet 3: You double your previous bet again, betting $40 this time. Outcome: If Man City wins, you profit, having covered your previous losses. If they lose or draw again, you continue this strategy.

Conclusion

The Double Chasing or Doubling-Chasing strategy is a form of the Martingale betting system, where the bettor doubles their stake after each loss with the hope of recovering all previous losses with a single win, then returning to their original stake.

This strategy aims to exploit the statistical likelihood that a positive outcome will eventually occur, theoretically guaranteeing a profit.

However, the Double Chasing strategy has several significant drawbacks:

  1. Risk of Major Losses: If you encounter a long losing streak, the amount you need to bet can quickly become extremely high. This can lead to substantial financial losses.
  2. Dependent on Sufficient Capital: This strategy requires enough capital to sustain extended losses. You cannot recover your losses if you run out of money before you hit a win.
  3. Betting Limits: Most sportsbooks have betting limits, which can prevent you from doubling your bets indefinitely.
  4. Profit vs Risk Ratio: The potential profits from this strategy are generally relatively small compared to the potentially massive losses you could incur.
  5. Limited to Even Money Bets: This strategy generally works best for bets around even money. If the odds are too high, your chance of winning is lower. If the odds are high, you may only win enough to cover your losses.
  6. False Sense of Security: The strategy can give a false sense of security due to the misconception that a particular outcome is "due" because it hasn't happened recently. In reality, each event is independent and not influenced by previous outcomes (assuming fair games).

In conclusion, while the Double Chasing strategy can yield profits in the short term, it is risky and not typically sustainable in the long term.

It is crucial to remember that betting strategies do not guarantee profits, and all forms of gambling involve risk. Always gamble responsibly and consider seeking help if you have a problem.

FAQ

How does the double-chasing betting strategy work?

A bettor starts with an initial wager in the double-chasing strategy. If the bet loses, the bettor doubles their bet on the next wager. This process continues until a winning bet is achieved, at which point the bettor resets their wager to the initial amount.

What is the objective of the double-chasing strategy?

The objective of the double-chasing strategy is to recover previous losses and make a profit by doubling the wager after each loss until a winning bet occurs. The theory is that the eventual winner will compensate for all previous losses.

What are the potential advantages of the double-chasing strategy?

The double-chasing strategy can quickly recover losses if a winning bet occurs early on. It can also appeal to those who believe in streaks or winning runs in betting.

What are the potential risks and drawbacks of the double-chasing strategy?

The main risk of the double-chasing strategy is that it requires a significant bankroll to sustain doubling bets after consecutive losses. It also relies on the assumption that winning streaks will occur frequently enough to compensate for the losses. Additionally, some betting limits imposed by bookmakers and the bettor's financial limits may prevent the continuous doubling of bets.

Is the double-chasing strategy considered a reliable betting approach?

The double-chasing strategy is considered a high-risk strategy due to the potential for rapid loss accumulation. It is important to note that no betting strategy can guarantee consistent profits, and relying solely on the double-chasing strategy can lead to significant financial losses.

Are there any variations of the double-chasing strategy?

The double-chasing strategy has various variations, including modifying the doubling factor or implementing a predetermined stop-loss limit to mitigate potential losses.

What factors should be considered before using the double-chasing strategy?

Before using the double-chasing strategy, it is crucial to assess your bankroll, risk tolerance, and the specific betting limits imposed by bookmakers. It is also essential to have a clear understanding of the probabilities involved and the potential consequences of consecutive losses.

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