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![]() ![]() This involves taking both sides of the same market, and – when done successfully, might just turn a profit. ![]() This is some nice, general guidance for your picks.Ī system, however, would be far more specific. To help illustrate the difference, let’s use sports betting.Īn example of a common strategy would be to back the underdogs, with the thought process being that favorites – especially heavy favorites – tend to be overvalued by the betting public. Most commonly, it will tell you exactly how big your stakes should be and how often you should place them. A betting system, meanwhile, is more rigid. In general though, we’d say the main difference is how specific those rules are. Many punters will follow exactly the same guidance in their gambling, with some calling it a system, and others a strategy. 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