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Can You Use Martingale Betting Strategy for Sports Gambling – 2020 Review.
Tom Lerma November 13, 2020 Betting Comments Off on Can You Use Martingale Betting Strategy for Sports Gambling – 2020 Review.
Sports betting represents one of the most popular gambling methods. A lot of people are interested in betting on various sports events because they can improve the experience of any game and make it much more intense, especially when they are choosing to bet on their favorite clubs.
Moreover, the popularity of sports wagering got even more popular with the introduction of online platforms, where you can easily play any casino game or choose a wide selection of matches and gamble from your home. Also, since there are so many online bookies available today, you should do proper research to find ones with the best odds and selection of games. If you are interested in some of the best online bookkeepers and tactics that you can use to improve your chances for a win, visit Wagerdex.
Furthermore, you have to know that successful sports betting requires much more than pure lick, which is the case with most casino games. It is crucial to be familiar with sports and teams to improve the probability of predicting the results. Besides analyzing the matches, you should also learn to use proper money management.
By controlling the funds you are investing in bets, there will be a much lower chance to lose more often. Also, you can prevent losing more than you can afford. One of the best types of tactics in betting is the Martingale Strategy, and we are going to introduce you to this method and how to implement it into sports betting.
Basics.
This approach represents one of the oldest systems in casinos, and it was created in the 18th century. However, before casinos and bookies started using advanced methods of wagering and determining house edges, the chances to win by using this strategy were near 100%. On the other side, with the development of betting systems, they also introduced various limitations and regulations to create a system that will assure them with profit.
The main reason for such a popularity of Martingale strategy is its simplicity and convenience, along with the high chance to make a profit. The main point of this system is to double your investment whenever you lose the bet. For instance, you can place $100, and if you lose, lose the next bet will be $200. If you win in the second bet, your profit is $100. The best way to use this system in your favor is to start over with the starting amount each time when you win. The benefit of the Martingale system is that you can use it in a variety of games, both sports betting and casino.
How It Works?
To simplify this strategy more, we are going to introduce you to some examples where you can implement it properly. The best way is to select odds with around a 50% chance to win and chase only to double your investment. Also, avoid bigger odds in this sort of betting management because higher odds have much lower chances for a win.
The chances should be the same as when you are playing on black and red in roulette. Furthermore, in case you lose 5 matches in a row, and you started with $100, your sixth bet will be $3,200. If you win this time, your profit will be only $100, but you managed to get back all of the money lost on previous bets.
Benefits and Downsides of Martingale Strategy.
The main advantage when we compare it with other types of strategies is its simplicity. Many other methods require advanced calculations and a lot of research. In that matter, even a beginner can become successful with it. Also, you have to be prepared to invest a lot of money, because there is always a chance to lose a lot of games in a row.
However, the return of your investment and profit are guaranteed with the first successful bet. If you are interested in placing a lot of money in betting, this is the best strategy for that.
On the other hand, a big downside is that you need a lot of money for betting. Therefore, if you are interested in the only place a bet that is not higher than $10 or $20, you should use some other strategies. Moreover, the big issue is that most casinos and bookkeepers have limitations related to the amount that you can invest. Therefore, there is a chance to reach the point where even the maximum bet is not enough to return you all of the previous losses.
Types of Martingale Strategy.
The most common methods to use this strategy are mini, grand, and reverse. For the mini type, you will have to calculate the amount that you can invest according to the wager limits. Therefore, you should start with lower bets. By choosing the Grand method, you will have to add more money on every bet.
In this case, you have to prepare more money, but the advantage is that your profit will be much bigger. the main point of the reverse method is doubling the money even when you win. However, you should avoid re-betting more than three or four times in a row.
Conclusion.
This system is useful when you are interested in placing bets that are starting at $500 or more. For example, winning three games in a row with $500 will make you $1,500 in profits. On the other side, gambling with smaller amounts won’t provide you with much profit since there is a low chance to win a lot of games in a row. In that matter, for amounts under $199, use a combination of matches with lower odds to increase your chances.
Moreover, when it comes to the Martingale system, you should create a proper money management and determine the maximum amount you can afford to invest in betting. When we compare it with other systems, the probability is much higher because you are betting on odds that have around 50% chance. On the other hand, you can only double your money while some other methods could provide you with much more.


The Martingale System and Sports Betting.
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The Martingale Strategy is a common one in sports betting. Some sports bettors even do it subconsciously, unaware of the fact that their wagering system is extremely familiar.
Almost every successful sports or casino bettor has a strategy or system of some kind. Some are simple and easy to employ, others are incredibly nuanced and take years of tweaking. But opening a sportsbook account and throwing money around with no betting strategy will almost always fail in the long term.
Here we’ll discuss the Martingale Strategy, explain how it works and explore what makes this seemingly can’t-lose strategy such a popular one for bettors.
What is the Martingale System?
The Martingale betting system has been around since at least the 18th century. Legend has it the Martingale system is named after John Henry Martindale, a London casino owner who allegedly used the strategy in the 1700s. Accurate spelling of his last name was apparently lost in translation over the years as Martindale became Martingale.
One of the reasons the Martingale betting strategy is so popular is that it seems like a sure-fire win. Using basic logic, the system would be successful almost 100% of the time in a vacuum. But sports betting sites and casinos don’t operate in a vacuum. Nor do the bank accounts of sports bettors. Things like wager limits, limited bankrolls, casino regulations and the gambler’s fallacy all have a significant impact that can deter long-term success from the Martingale system.
It’s such a simple betting system that nearly every gambler has probably come up with the idea on their own at some point. In theory, the execution is extremely simple.
The Martingale betting system means doubling your losing bets until you win. That’s essentially it. So, if you bet $10 on your first bet and win, you set that $10 aside and bet another $10. If you lose that $10 first bet, you would wager $20 on the next bet. If that’s a loser, you’d bet $40 on the next bet, and so on and so forth until you theoretically recoup all your losses while keeping the initial $10 profit.
Then you start over with another $10 original bet and repeat the process, keeping all $10 bet wins and only doubling after losses.
Sounds great, right? If you lose the first three bets, the thinking goes, it’s unlikely you’d lose a fourth straight. This is what’s known as the “gambler's fallacy.” It’s a failure to recognize each wager as an individual event separate from the one proceeding it. If you bet on black at the roulette wheel and lose three times in a row, nothing changes when you bet on black for a fourth time. The odds the ball will land on black – 47.4% in standard American roulette – are exactly the same as the ball landing on red for a fourth time in a row.
This is just one of the reasons the Martingale system – while certainly a winning strategy in some cases for those with a seemingly infinite bankroll – is not always applicable in the real world for consistent profit.
How the Martingale Betting Strategy Works.
Let’s break down some numbers for the Martingale Strategy, including what the risk/reward actually looks like in practice. Let’s use NFL betting for this example, showing how one would actually apply the Martingale Strategy at a sportsbook.
Let’s say your standard bet is $100 on NFL games. Here’s how the betting pattern would go in order to apply the Martingale Strategy, and to make the math easier we will assume an initial bet size of $100 and even money odds.
Risk: $100 Result: Loss.
Risk: $200 Result: Loss.
Risk: $400 Result: Loss.
Risk: $800 Result: Loss.
Risk: $1,600 Result: Loss.
Risk: $3,200 Result: Win.
Total Profit: $100.
Advantages and Disadvantages to the Martingale Betting Strategy.
The first advantage is that the strategy is so simple, anyone can use it. It’s not like counting cards at the blackjack table and you don’t need an MIT degree to figure out how to double basic numbers.
Additionally, the strategy should always work in perfect conditions. If the player has an infinite bankroll and the casino or sportsbook doesn’t have wager limits, the Martingale Strategy will prove consistently profitable. Theoretically they could lose every spin or bet for the rest of their life, squandering countless fortunes in the process, but that’s almost mathematically impossible.
As long as you’re good for the money and someone is there to take it, the Martingale Strategy as a betting strategy is a winner.
The biggest disadvantage is these perfect conditions hardly ever exist. Most bettors can’t afford to bankroll the strategy when the potential losses get into the thousands, especially since you’re generally chasing relatively modest profits.
And while losing five or six games in a row might sound unlikely, seasoned sports bettors know it happens all the time. Losing streaks are inevitable. But in order to make a serious profit using the Martingale Strategy, you need to be prepared with a big bankroll to ride out those losing streaks.
We haven’t even mentioned vig or juice for the purposes of this exercise, but that’s important for the Martingale Strategy with a standard -110 line for NFL point spread bets. You’d have to double the vig on each bet as well, otherwise you never recoup those losses.
Plus, many casinos and sportsbooks have wager limits – this cuts off the Martingale Strategy at a certain point and leaves the bettor chasing losses with even riskier plays and additional strategies.
Is it Legal to Use the Martingale Strategy?
Yes, the Martingale Strategy is legal. It’s not like counting cards or trying to rig a slot machine. Most casinos and sportsbooks aren’t even opposed to the strategy. You certainly won’t get hauled off and slapped around in a dark casino dungeon for doubling $20 NBA bets.
Casino limits, however, often make the strategy worthless after a certain point. As we explained, this strategy only works consistently with a huge bankroll and no betting limits. Big sportsbooks and casinos with stakes limits actually welcome the practice, because once a bettor has lost enough to reach the wager limit they’ll gladly take all your money.
Martingale System Variations.
Mini Martingale System.
The Mini Martingale system is a variation of its namesake which limits the amount of double-down bets in order to avoid the huge losses. It’s harder to lose your entire bankroll this way and will spread out the process, but the profits are smaller and long-term success rate about the same.
Reverse Martingale System.
Rather than doubling after losses, the Reverse Martingale system calls for doubling down after wins. This also prevents the big loss and can be successful, but the key is knowing when to stop – any loss means you lose all those profits accumulated through doubling down on wins. If you’re employing this strategy for three or four games in a row, it would probably make more sense to parlay those games and lower the risk while increasing the reward. You can immediately calculate the risk/reward there using our free parlay calculator.
Grand Martingale.
The twist here is that while you’re employing the same principles of the Martingale Strategy, you add an additional bet unit after every loss. This means if you lose four hands in a row, winning the fifth will bring more profits than the original Martingale betting strategy. You’ll recoup all the bets you lost and add an extra unit on the winning wager.
The problem here is the same as the standard Martingale Strategy – you’re risking big losses and need to stay under the wager limit while increasing bets at an even faster rate than the original system.
Can the Martingale System Help Me Win?
Yes, the Martingale system can help bettors win – especially with lower stakes. It’s difficult to get rich on the Martingale system for all the reasons listed above, but under the right circumstances it’s an effective strategy.
It can certainly pay off on a limited basis – players who get on a hot streak using the Martingale Strategy will steadily build their bankroll all night long while avoiding any risk. But it must be done exactly within those structures and players cannot lose track of their bankroll should the losses pile up.
Give it a shot the next time you’re at a casino or sportsbook and see if it works for you. It might not be the win-win proposition one imagines, but it can definitely be useful and profitable in certain situations.
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Martingale Betting System.
Does the Martingale Betting System Payoff?
The Martingale Betting System was developed in 18th century France. It was actually part of a group of betting methods that were classified as “martingale.” Today, Martingale refers to a relatively simple sports betting system that dictates when you win a wager, you bet the same amount on the next wager, but when you lose a bet, you double your next wager.
Some sports gamblers swear by this methodology while sharp sports bettors that understand the math feel that it’s an example of poor money management practices. The fact that this system is still practiced and marketed today says more about the state of a losing gambler’s mind and less about the success or failure of the system. Here’s how it works.
First, it’s important to know that the system is designed for even wagers, which are thought to hit about 50% of the time. A bettor with a bankroll of $500 puts $50 on an early afternoon football game. The bet is lost. Under the Martingale System, the gambler now places $100 on the late afternoon game. If the bet is won, the theory is that the gambler makes back the original loss, plus a $50 profit. Once the bet is won, the bettor goes back to wagering $50 per game until they lose again.
The problem with this system is that it can put a bettor’s bankroll in jeopardy quickly. What if in our example the late afternoon wager is lost too. Now the bettor has to put $200 on the Sunday night contest. If that game is a washout, the gambler’s bankroll has gone from $500 to $150. And with that, the true problem with Martingale comes into focus. There’s only $150 left in the bank, but under Martingale the wager is supposed to be $400. Martingale has all but bankrupt the gambler’s bankroll.
Of course, it’s not as big a dilemma if the original wager was $20, which is a wiser wager if you’ve got a $500 bankroll. Still, even at 20 bucks per pop, using this system the gambler is down $80 after three loses and is due to wager $160 on the Monday night game. If they lose that bet, their bank is down to $260. According to Martingale, the next bet should be $320 and, once again as in the previous example, the money is not there.
What most amateur sports bettors dont understand is how odds work from a mathematical perspective. Did you know that a 50% handicapper will lose 5 games in a row 3% of the time? Eventually the math will catch with the Martingale system and the player will be broke.
Martingale is seen as being a regressive form of wagering where bettors play conservatively when they are on a roll and go for the sky when they are in a tailspin. It’s based on the belief that a string of loses on even odds wagers means that eventually there will be a win to correct the deviation. But this idea that wins and loses even out, which is known as the Gambler’s Fallacy, is illogical for one primary reason—it supposes that our four bets are interrelated, and they are not. Whether one wins or loses the first wager will have no influence on the second and the outcome of the second in no way has any influence on the third outcome. If there is no correlation in the bets the order of wins and losses is controlled by variance, something that no gambler has control over.
The application of any system in sports betting tends to be tenuous. Why? Success in gambling on sporting events is based on solid sports handicapping analysis, expert information and insider insights. A gambler’s ability to utilize all of the information available to them to make the right pick will determine an individual’s rate of success or failure and not some theory regarding odds correction based on probability. If you do practice the Martingale Betting System do so with care.
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Can You Use Martingale Betting Strategy for Sports Gambling – 2020 Review.
Tom Lerma November 13, 2020 Betting Comments Off on Can You Use Martingale Betting Strategy for Sports Gambling – 2020 Review.
Sports betting represents one of the most popular gambling methods. A lot of people are interested in betting on various sports events because they can improve the experience of any game and make it much more intense, especially when they are choosing to bet on their favorite clubs.
Moreover, the popularity of sports wagering got even more popular with the introduction of online platforms, where you can easily play any casino game or choose a wide selection of matches and gamble from your home. Also, since there are so many online bookies available today, you should do proper research to find ones with the best odds and selection of games. If you are interested in some of the best online bookkeepers and tactics that you can use to improve your chances for a win, visit Wagerdex.
Furthermore, you have to know that successful sports betting requires much more than pure lick, which is the case with most casino games. It is crucial to be familiar with sports and teams to improve the probability of predicting the results. Besides analyzing the matches, you should also learn to use proper money management.
By controlling the funds you are investing in bets, there will be a much lower chance to lose more often. Also, you can prevent losing more than you can afford. One of the best types of tactics in betting is the Martingale Strategy, and we are going to introduce you to this method and how to implement it into sports betting.
Basics.
This approach represents one of the oldest systems in casinos, and it was created in the 18th century. However, before casinos and bookies started using advanced methods of wagering and determining house edges, the chances to win by using this strategy were near 100%. On the other side, with the development of betting systems, they also introduced various limitations and regulations to create a system that will assure them with profit.
The main reason for such a popularity of Martingale strategy is its simplicity and convenience, along with the high chance to make a profit. The main point of this system is to double your investment whenever you lose the bet. For instance, you can place $100, and if you lose, lose the next bet will be $200. If you win in the second bet, your profit is $100. The best way to use this system in your favor is to start over with the starting amount each time when you win. The benefit of the Martingale system is that you can use it in a variety of games, both sports betting and casino.
How It Works?
To simplify this strategy more, we are going to introduce you to some examples where you can implement it properly. The best way is to select odds with around a 50% chance to win and chase only to double your investment. Also, avoid bigger odds in this sort of betting management because higher odds have much lower chances for a win.
The chances should be the same as when you are playing on black and red in roulette. Furthermore, in case you lose 5 matches in a row, and you started with $100, your sixth bet will be $3,200. If you win this time, your profit will be only $100, but you managed to get back all of the money lost on previous bets.
Benefits and Downsides of Martingale Strategy.
The main advantage when we compare it with other types of strategies is its simplicity. Many other methods require advanced calculations and a lot of research. In that matter, even a beginner can become successful with it. Also, you have to be prepared to invest a lot of money, because there is always a chance to lose a lot of games in a row.
However, the return of your investment and profit are guaranteed with the first successful bet. If you are interested in placing a lot of money in betting, this is the best strategy for that.
On the other hand, a big downside is that you need a lot of money for betting. Therefore, if you are interested in the only place a bet that is not higher than $10 or $20, you should use some other strategies. Moreover, the big issue is that most casinos and bookkeepers have limitations related to the amount that you can invest. Therefore, there is a chance to reach the point where even the maximum bet is not enough to return you all of the previous losses.
Types of Martingale Strategy.
The most common methods to use this strategy are mini, grand, and reverse. For the mini type, you will have to calculate the amount that you can invest according to the wager limits. Therefore, you should start with lower bets. By choosing the Grand method, you will have to add more money on every bet.
In this case, you have to prepare more money, but the advantage is that your profit will be much bigger. the main point of the reverse method is doubling the money even when you win. However, you should avoid re-betting more than three or four times in a row.
Conclusion.
This system is useful when you are interested in placing bets that are starting at $500 or more. For example, winning three games in a row with $500 will make you $1,500 in profits. On the other side, gambling with smaller amounts won’t provide you with much profit since there is a low chance to win a lot of games in a row. In that matter, for amounts under $199, use a combination of matches with lower odds to increase your chances.
Moreover, when it comes to the Martingale system, you should create a proper money management and determine the maximum amount you can afford to invest in betting. When we compare it with other systems, the probability is much higher because you are betting on odds that have around 50% chance. On the other hand, you can only double your money while some other methods could provide you with much more.




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