The Ormond Betting System

The Ormond Betting System

The Ormond Betting System is a sports betting system that bears many similarities to the well-known Martingale strategy, but this one is less aggressive. Therefore, many people prefer it as the risk of bankruptcy is lower. The Ormond Betting System is based on a simple formula: A = S * P + S.

• A = S * P + S
• A = amounts of units to bet
• S = minimum stake
• P = bets lost in the cycle

This betting system works simply. When you hit a bet in the next one, you must risk the same bet (S) previously. On the contrary, if you lose the bet, we must bet that amount (S) multiplied by the number of bets you have lost, adding the amount (S). With the Ormond Betting System, we seek to recover the part that has been lost in the failed bets. However, it will take a large bankroll to deal with a series of failed bets. Also, the odds you should bet using this betting system should be around 2.00.

Ormond Betting System Practical Example

Let's assume that we have a bankroll of 1000 units and that we bet 2.5% of it, that is, 25 units (S). In the first bet, we played 25 units (S) at odds @ 2.10, and we got it right. So we have a profit of 27.5 units. We close the cycle and start again. In the second bet, we play 25 units (S) again at odds @ 1.90, and we lose. So we accumulate -25 units. In the third bet, we apply the formula (S * P + S), therefore 25 * 1 + 25 = 50 units, at odds @ 2.25. However, we lose. Therefore, we add 50 lost units to the previous 25, accumulating -75 units. We apply the formula again in the fourth bet with two consecutive failed bets. We have 25 * 2 + 25 = 75 units at odds @ 1.95. But, we lose again. So, we accumulate a global of -150 units.

In the fifth bet, with three consecutive failed bets, we have 25 * 3 + 25 = 100 units, at odds @ 1.95, and again we fail. Up to this point, we accumulated -250 lost units. In total, our bankroll is now 777.5 units (considering the 27.5 units won on the first bet). We would already be at a dangerous point in our system since we have lost almost 25% of our bankroll in just four bets. Let's continue developing the example.

After 4 consecutive failed bets, we place our sixth bet applying the formula 25 * 4 + 25 = 125, at odds @ 2.05. This time we got it right. As a result, we recovered our 125 units played plus 131.25 units of net profit. We recovered part of our losses at this time, and the net balance would be -91.25 units. In the seventh bet, after having won the previous one, we go back to the initial bet (S) of 25 units, and we bet at a odds of @ 2.00. Again we lose, so we would accumulate another -25 units at -91.25 (total -116.25).

Here, we have to consider that we have already lost five bets. Having lost the previous one, we have to apply the formula (S * P + S) and therefore: 25 * 5 + 25 = 150 units to bet at odds @ 1.90, and this time we got it right. We recoup the 150 bet units and additionally obtain 135 net benefits. In our global balance, we had -116.25, and if we now add the 135 units of benefits of the current bet, we will obtain +18.75 total units.

In the example, we could see that the Ormond Betting System works similarly to the Martingale, but it is much less aggressive. Also, we observed that even after failing almost twice as many times as we got it right (5 misses and 3 three hits), we ended up with slight gains. In this betting system, it is necessary to set some lost bet limits. These limits will tell us when to close a cycle and start a new one. They are critical because if we go through a bad streak, we could go bankrupt.