December 19, 2013

Sports Cash System

The crudely named ‘Sports Cash System’ (SCS) is an American tipping service which provides a daily pick from sports I have no knowlede of – sports from across the pond like baseball, basketball, ice hockey and American Football. I apologise immediately to followers and lovers of these sports but the fact I have not got a clue about them means I will have no preconceptions and will be betting blind while hopefully learning a little about the markets.

The daily pick is part of a progressive staking plan based on…the Martingale System…arghhh! I hear you cry. I have heard horror stories about the MS being used for Roulette but not so much for sports betting. As a cautious bettor/trader I have always avoided progressive betting systems and strategies so this trial will be a steep learning curve for me personally.

You can try the SCS for a five day trial for $4.95 (£3.15) after which it costs $149 (£94.88) a month. So this is not cheap and will need a sizeable bank to cover the running costs (see below). The website with its instructional videos is very slick and well presented and makes it clear how the system, or as I prefer to call it, the strategy works.

There is a team of experts who make the selections from the various sports using spreads (handicaps in my language) or moneyline (straight bets) markets which are close to evens i.e. 1.9+

The strategy is based on a series of 4 single consecutive bets. The first bet uses a starting amount that you are comfortable with as the Martingale strategy may demand a 4th bet which you should also be comfortable with.

If the first bet loses, you have to multiply your starting betting amount by 2.1 and bet that amount on the next game. If the second bet loses the stake is again multiplied by 2.1 and so on with the 3rd and 4th. When there is a win bet, the stake goes back down to the original starting stake. If the 4th bet loses the sequence is bust (and the bank will be as well if it’s the early sequences!)

So starting with a target profit of £10, the staking could rack up like this:

Bet 1 : £11.00
Bet 2 : £23.10
Bet 3 : £48.51
Bet 4 : £101.87 So total bankroll required is £184.48

This strategy allgedly works because “you are CONSTANTLY ensuring that you are winning and NEVER LOSING. If you don’t win one bet, then you simply times your stake by 2.1 to pick up the loss from the last bet.” (Easy!)

The strategy reportedly sees your bankroll grow quickly. Even starting with a £10 or £20 bet level it is suggested that you could be betting £50 or £100 per game for bet 1 within one to two months! So it seems the opportunity with this strategy is very big, even for small bettors. So lets find out.
For those with big starting banks and ‘balls of steel’ you would need the following amounts;
To make £400 to £500 a month profit, then your bankroll has to look like this.

Bet 1 : £27.50
Bet 2 : £57.75
Bet 3 : £121.27
Bet 4 : £254.66
Total bankroll: £461.18

To make around £1000 a month then your bankroll needs to look like this:

Bet 1 : £55.00
Bet 2 : £115.50
Bet 3 : £242.55
Bet 4 : £509.35
Total Bankroll: £922.40

Monthly Profit Starting Bet Size (Bet 1) Bankroll Required
£150 – £300 £11 £185
£400 – £500 £27.50 £460
£750 – £1000 £55 £922
£1500 – £3000 £110 £1,844
£4000 – £5000 £250 £4,192

Strong claims indeed! Can’t be many bookies who would accept some of the high wagers but there are a few like Pinnacle and of course the recommended US outfit ‘Bet-Online’ which is heavily promoted by the SCS website due to the bonus offers available (and probably some referral/affiliate fee).

I targeted 1pt per bet so that the starting figure can be extrapolated to any starting amount and betting bank.

Bet-Online is recommended for this strategy as they allegedly support the technique. I will look at a variety of bookies to see if I can get a better price. The odds are expressed in those weird American odds which I will convert to my favoured European odds (using a freely available odds converter calculator which will save my brain from making mistakes!)

I have tried to look at past results for the service but I was unable to access them from the website and was left with only the results since mid-August. The website does say that in the last 5 years or so the bet busting sequence of 4 consecutive losers has happened only twice. If you have used this service in the past please make any comments below.

The service also offers some ‘extra bets’ which can be used for straight betting but this rewiew/live trial will only be for the strategy bet but I will record results for interest as they will give some insight into the performance of the tipster team.

Trial Results

Better late than never I have the final report on the ‘Sports Cash System’ after 3 months of trialling.

The official trial ends up with +24pts after 3 months. We troubled the bank once after building up a good profit of 24pts which was wiped out by 6 consecutive losers! We are currently on a losing sequence and the next bet will be at level 3. 

The predominant feeling is that it is only a matter of time before the hard earned winnings are given back to the bookmakers with this type of progressive staking. The cost of the monthly subs means this type of system is for fearless big bettors who are able to get their bets accepted by certain bookies. I found the best odds available but was restricted in wagering by several of the main bookies.

So using just £10 a point we finish with an extra £240 in our bank – not quite ready to move onto the next level yet but better than nowt! Oh I forgot to subtract the monthly subs of £117.31 x 3 = £351.93 – Oh gee! That means I’m -£111.93 worse off…and if I did the ‘extra picks’ too I would have lost -£254.43!

So you have to start with a much bigger bank and more than £10 a point for this progressive staking plan…and ignore the extra bets.

The tipster runs this under the psudonym of ‘Tommy Krieg’ and calls it the ‘Sports Cash System’! My email box was hit several times over the trial period with promotional material from ‘Tommy’ about how well his experts were doing (not entirely true!) and to take out further subscriptions to his and other services…not to mention the American bookie he favours! This was rather tiresome but obviously important to his buiness.

Would I recommend this ‘system’ to others? This is not easy to answer! It has made 24pts after considerable investment but the style of staking and the stress it can induce make this suitable for those bettors who have a high risk tolerance with the proverbial ‘balls of steel’. It is not suited to cautious bettors who need bicycle clips and a handy laundry when they reach bet level 3 or 4. If I had started this review a month later I would now have broken even! So you pay your money and take your choice based on your betting style – you then need patience to go with a will of iron and you may make a return on your investment.

But three months is not long enough to assess the long term profitibility of this system. The vendor said that in the 2 years this has been running there have only been 2 runs of 4 consecutive losses. As there are no long term results on the website this can’t be seen. I hit a run of 6 consecutive losers which wiped out all the previous gains. I have concerns about the hype with which this system is marketed and without long term evidence of its success I would have to leave it on the neutral list with added ‘health’ warnings.

NB. The last sequence went onto to be a level 4 bet which won – just!! The system currently stands at +29.6pts at day 100. The Extra bets continued to perform badly and are now at 22.76PTS

Further to this a second level 4 bet lost to take the bank down to 12 pts at day 103. Any subscriber who started their subscription one month after this trial would have blown their bank!

You can try Sports Cash System here:

http://www.cash-master.com/SportsCashSystem.php

UPDATE January 2014

I did promise an update on this system which finished with a profit of 24pts during our 3 month trial. Despite this profit it was put into the neutral category for reasons previously published. As of today that profit is now a loss of -10.27pts with yet another losing sequence. Therefore after 132 days this system can now safely be categorised under the failed section, especially when you consider the expensive monthly subscription.

The hype and the marketing of this ‘system’ and one particular American online bookie via the fictitious ‘Tommy Krieg’ has been fairly relentless with no mention of losses or a thorough history of results. The long term profitibility of this system along with it’s cost has now been exposed by the Cash Master site – Avoid!

You can try Sports Cash System here:Failed

http://www.cash-master.com/SportsCashSystem.php

 

Filed under American Systems,General,MLB Baseball,Multi-Sport,NBA Basketball,NFL American Football by Peter Williams

0 comments

Previous post:

Next post: