Seasoned sports bettors, who are also known as sharps, often get the respect of bookmakers, which 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 off experience to make it work and give them a major payroll new bettors can envy with. One of those effective systems is the Martingale System, which offers mathematical odds that is mostly effective given the right picks at the proper time.
Let’s dive into the world of this system that has survived the test of time for several decades and remains effective among young and long-time bettors in the age of social media and expanded mobile apps for betting.
EXPAND BANKROLL WITH AN EFFICIENT 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. This 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 then manages his succeeding bets under the system to sustain his losses but with another chance of a major payday.
KEEP THINGS SIMPLE YET EFFECTIVE
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.
NO WAGER LIMITS IN SPORTSBOOKS KEY
One of the factors needed by bettors to make the Martingale System work is for punters to place money on bookmakers that doesn’t impose wager limits, as bettors with a big payroll need to continue placing bets to rise out a possible losing streak before getting a major win to recoup such losses.
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 who are 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.
MARTINGALE SYSTEM FIT FOR SOCCER, NBA, MLB, NHL
The Martingale System, aside from being effective, is versatile enough that it can be applied from major European football or soccer matches to sports with long seasons from the MLB, NBA and NHL.
A short regular season like the NFL may not cut it for the betting strategy even if more sharps use this because there may not be a long losing streak to ride out for if the games are about to end quickly.
But with an 82-game regular season like in the NBA, bettors with a huge payroll can recoup their losses eventually. This, more than ever, applies to a longer 162 games the MLB has for its regular season.
HOPE SPRINGS ETERNAL
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). If he decides to raise the stakes a bit, he can count on the extra profits. Then the Wizards posted a convincing win, meaning the bettor won his bet.