Seasoned sports bettors, also known as sharps, often get the respect of bookmakers, who look up to their thoughts on major bets in big sports events. Before they became renowned sharps, they were also veteran punters who just wanted to get ahead over the bookies for profit․
There are many systems or schemes, for that matter, that punters use and master through years of experience to make it work and give them a major payroll new bettors can envy with. One of those effective systems is the Martingale Betting System, which offers mathematical odds that is the most effective given the right picks at the proper time.
What Is A Martingale Betting System?
The Martingale System is a process where a bet was placed by a sports bettor on a specific team and an expected result. Once the first bet loses, the punter raises his stake on each subsequent bet on the same outcome until he eventually wins.
A bettor wagers double on the stake laid on his previous losing bet – and so on – with each subsequent losing bet until the desired expected result pays out and thus turns into a profit. It is also known as the “no-lose system” as you double your bet stake each time you lose before collecting a big payday with that one win.
Invented by John Henry Martindale, a London casino owner who, according to legend, used the long-standing system in the 1700s, the Martingale System calls for a bettor to double his bets by the time he wins, meaning that if he makes a 10 US dollar wager and he loses, he should go with A 20 US dollar stake in the next one.
With the right choices and proper calculation of bets, a smart punter eventually grows his payroll with a major payday and then manages his succeeding bets under the system to sustain his losses but with another chance of a major payday.
How To Use The Martingale System
If you have a fat bankroll, you are ready to go and try out the Martingale System. But still be careful of your betting tendencies and still practice sound judgment and the right timing.
Let’s say, for example, a bettor has a starting bankroll of 11,000 US dollars, and he has subsequently divided it into 100 units of 100 US dollars each. The bettor will use the Martingale System to an NFL bet to cover the spread through a starting wage of one unit (100 US dollars) on the Dallas Cowboys. And then let’s assume the Cowboys’ odds against the spread are at -110, as is standard with NFL spread bets.
The bettor’s initial Week 1 wager of 110 US dollars, which includes the vig usually paid to the bookmaker, has a potential to win 100 US dollars. If the bet in Week 1 is lost, the system urges him to need to bet again on Dallas in Week 2. He needs to raise the wager to recover the amount he wagered (and lost) in Week 1 plus the amount that he could have won if his Week 1 bet had emerged victorious.
What are the Pros And Cons of the Martingale System?
Mathematically, the Martingale System works since the bettor will win eventually, provided he can ride out a losing streak with a big payroll in his account. The system applies to even bets where the punter, theoretically, has 505 chances of winning.
Punters into short-term bets can thrive on this betting strategy, which gives bettors consistent and small bets compared to doubling their bet amount on consecutive big losses.
This system, besides being effective, is versatile enough to be applied from major European football or soccer matches to sports with long seasons from the MLB, NBA, and NHL.
The system’s main drawback is that a string of losses in a row will cause the bet size to increase until it reaches the table limit. Martingale’s gambling approach is quite legal in online casinos, and no one can stop you from employing it. However, having enough stakes to place small bets consistently is vital. You’ll never be able to predict when you’ll win a bet.
Any team in those leagues that have struggled to most of the regular season can still spell a major payroll for a bettor before the playoffs start.
A bettor places his money on an Orlando Magic team with a 15-45 record with a stake of 10 US dollars and will play the Atlanta Hawks and the sports carrying the odds of:
- Magic to win -105
- Hawks to win -115
He placed a bet on the Hawks to win but if the Magic emerge victorious, the bettor will still have a chance to recoup his losses in the next game, for example, against the Washington Wizards at the odds of -300.
The bettor, in this situation, would need to wager 7.5 US dollars (10/1.33 US dollars – 7.5 US dollars). He can count on the extra profits if he decides to raise the stakes a bit. Then the Wizards posted a convincing win, meaning the bettor won his bet.
Frequently Asked Questions
- What is the Martingale technique?
Probability theory underpins the martingale strategy. Martingale technique is betting strategy players use to increase their chances of winning in sports betting.
- Is the Martingale system allowed in casinos?
Yes, Casinos accept all Martingale systems because they have no effect on the house edge.
- Does the Martingale system work?
Yes, but the Martingale systems can be effective in the short term. If you avoid any long losing streaks, it can even work for quite a long time.
- Is Martingale a good strategy?
Though it has several limitation and considered as a risky way to gamble, the Martingale system is known to increase the chance of winning. It’s built on the idea that you should keep throwing money at your investments no matter what, because eventually the value will rise again. The Martingale System requires a gambler to double a bet after each loss.
- What strategy is better than Martingale?
There is a definite advantage between the Paroli and Martingale systems. The Paroli system is a more cautious betting approach because you can’t predict how long your winning and losing streaks will be, or even if you’ll have any streaks at all.
- How much money do you need for martingale strategy?
If you have at least a $200 bankroll for $1 bets or a $1000 bankroll for $5 bets, then the Martingale may be right for you.
- What is the best gambling system?
The parlay is one of the most profitable sports betting strategies. With this strategy, sometimes known as “letting it ride,” players must increase their bet after a win in order to include both the original bet and the profits.
- What is the opposite of Martingale?
A trading strategy known as the anti-Martingale, or reverse Martingale, approach includes halving a wager for every trade loss and doubling it for every transaction gain.