The chase betting system is a strategy where bettors aim to recover their losses by increasing their bets after each defeat. It’s a controversial approach as it’s known for being highly risky and can lead to significant financial losses. In fact, most professional gamblers and financial advisors criticize the system and would always advise against it.
As mentioned, the chase betting system is all about betting for the sake of recovering a loss. It’s a negative progressive betting strategy where you increase your wager size after each loss. The idea is that by continuously raising the stake, you’ll eventually recover all previous losses and maybe even make a profit.
In theory, placing chase bets ultimately guarantees a profit. After all, the defining characteristic of the system is that you have to continue until you recover your losses. However, if you were to look at it, a guaranteed win would only be possible if you had an unlimited bankroll. This is because when you use this system, a losing streak can wipe your entire bank regardless of how big it is.
To put it bluntly, using the Chase system is just you chasing losses. The system is not sustainable in the long term due to financial restrictions. Additionally, many bookmakers now set maximum bet limits, which place a cap on the maximum stake allowed per wager.
Let’s consider some examples of the chase system in sports betting. Let’s say you decide to place a bet on each of Aston Villa’s Premier League games throughout the season. If you bet $100 on them to win, and they do, you have to bet the same $100 on them in the next game. If the odds for them to win were 1.5 odds, you would have made a $150 return, which is a $50 profit. As long as they keep winning, you must keep betting $100 on the game.
However, if Villa loses, the sports betting chase system says you must double your stake for the next wager. This means you’d stake $200 on the next game. And if the loss continues, you must keep doubling your stake. That is $400 on the next successive loss, $800 on the next, etc. This progression continues until you eventually win. When you do, you must revert to the original $100 stake for your next wager. This same pattern applies to any other sport you use the hunt chase betting progression on.
As mentioned earlier, most professional gamblers, sports betting experts, and financial advisors advise against the chase betting strategy. It’s general knowledge that it’s a bad idea to chase a bad bet when it comes to sports betting. But does that mean that the chase strategy is entirely bad? Well, not exactly.
However, luck is a fickle friend in sports betting, and relying on it is dangerous. The truth remains that the chase system is not a sustainable, long-term strategy, given how common losing streaks are in betting. Also, the fact that the system relies on continual betting further makes it a hazardous choice. This is why most bet expert tips strongly advise against it.
