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The danger of gambling on sports is the risk of addiction. Placing a bet on the horses tends to be quite addictive. The surge of optimism after a win can lead to an unjustified confidence and then losses can lead to desperation and a hope that eventually you have to be right and your horse has to come in. Unfortunately, this can often lead to disaster. It is therefore always best for the enjoyment of the sport to be the presiding factor for sports gamblers. If you enjoy watching the games or the races then you are far less likely to be doing it purely for the money and hopefully it will be the relegation of your team that will be more devastating than the loss of some money.
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Martingale – A system based on staking enough each time to recover losses from previous bet(s) until one wins. It is usually applied to even-money bets such as red/black on roulette. The Martingale guarantees failure in the long run - it would only work if the bettor has an unlimited bankroll, the bookmaker has no limit on the size of bets and neither party ever dies. However, it can usually be used to gain a small win in the short run, given a bankroll large enough to survive a streak of five or six losses.
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