Whatever the kind of gambling you may indulge in your bets or the kinks of bets that you place will fall in one of the three kinds of betting systems that there are. A betting system is basically a reference to the kind of bets that can be placed during a game. Each category of betting system has its own identity. They are broadly classified as follows:

Progression betting that is positive – in this type of system, one increases the bet with every win. This is quite a popular system.
Playing it safe or betting systems that are insured – in this type of system, a player would reduce his bet every time he or she lost
Progression betting that is negative – this system is the complete opposite of the first system. Here a player increases his bet every time he or she loses.

Listed below is a brief insight into a few of the popular systems that you might come across:

Gambling Fallacy
The betting system of gambling fallacy is based on the assumption that just because a card or has not appeared for a while, it will definitely appear in the short run. This assumption could not be more wrong and it is perhaps because of this wrong assumption that this system gets its name. People who use this technique use the wrong notion of probability to try and predict what will come. Experiences better will always try and avoid this system.

The Martingale system
This particular betting system falls into the category of negative progression. The fundamental concept of this system acknowledges the fact that a player is likely to lose many times in succession. Therefore it follows the fundamental rule of winning means that you should consider altering your bet but if you lose you should definitely double you bet on what you have lost. This system can be quite a dicey one as it is bases on a concept which in itself is a gamble. The concept behind this system is that even if you lose successively, when you win you make up for all that you have lost.

The Parlay system
The Parlay betting system is commonly used at the races as in horse racing. This system is a sensible one in that the player is working within his winnings. Using this system would mean that you put down your own money only at the beginning. Once you win, you use the winnings for all further bets.

The 1-3-2-6 system
This is another very popular betting system that takes into account that in any game of gambling a player should be able to win 4 times consecutively. This system is fairly simple to understand. To begin with you scale your bets from 1 to 6, 1 being the lowest and 6 being the highest. Once you have done this you place your bets in the order of 1-3-2-6. This way you are insuring you losses. However as a player you must also keep in mind the fact that while you can win four times in a row you can also lose.