How to Use the Martingale System for Betting
By Space Coast Daily // February 16, 2021
If you are interested in exploring online sports betting strategies that veteran, professional sports bettors use, make sure you keep reading our guide on using the Martingale System to boost your winning odds.
The online sports betting industry has grown tremendously in the last couple of years and everybody wants a piece of this cake including online sportsbooks and of course sports bettors.
If you want to make some serious money with sports betting, you need to employ one or several sports betting winning strategies.
Even when you have a great strategy, making money will be tough and challenging. At the same time, you do not have to be a genius to make some money from online sports betting but you definitely need the right winning strategy.
Once you have mastered the online sports betting strategy, head to one of many reputable online sportsbooks out there such as Caesars Sportsbook, employ your winning strategy, boost your winning odds, and finally watch your bankroll growing.
Finding the best sports betting strategy can be hard with so many different options out there. To make it easier for you, we explain in detail how to use the Martingale System for betting.
What is the Martingale Betting System?
Before we delve deeper into the Martingale System used by veteran bettors, let’s examine its basics. The Martingale System is one of the most used, oldest betting strategies that in addition to being used in sports betting, can also be used in casino games with the same win and loss probability.
The Martingale System with several different betting strategies was very popular in Europe back in the eighteenth century.
When you use this strategy when betting online, you double your wager every time you lose. The simplest form of this betting strategy was used for coin games.
For instance, if a gambler bets on tails with $100 and the outcome is the other option, heads, the gambler doubles his stake and invests $200. If the gambler’s next pick loses again, then he invests $400. If the gamble losses again, his next bet will be $800, and so on.
No matter how many wagers the gamble losses, he ends up on the profitable winning side upon making the winning bet. Since the gamble doubles his wager following every loss, the very first win he scores recovers his previous losses plus delivers quite a nice profit that is equal to the first wager made.
When you take the game of coin flipping with two possible outcomes and the same probability of win and loss, the gambler wins eventually and recovers his previous losses. In this sense, using the Martingale System for betting always makes money if you have a bigger budget.
The Martingale Sports Betting System
When it comes to the Martingale System and online sports betting, it can be a viable, winning strategy if you follow the rules. When using this strategy in sports betting, you always double your stake on losing bets and continue in the same direction until you finally win.
For instance, if you invest $10 originally and you lose, your next bet will be $20. If you lose again, you invest $40 on your next bet, and so on until you win.
Once you win, you get back your losses and you win a profit. The Martingale System when applied correctly always wins provided you have more bucks to invest.
While the concept behind this strategy is quite simple, several other factors impact its long-term success. These are of course limited budgets and wager limits. However, if your first three bets are losing, it is highly unlikely to lose once again.
Just like all other sports betting strategies out there, the Martingale System has its advantages and disadvantages. One of the biggest advantages is its simplicity.
Secondly, it always works when all other factors align perfectly. Since these perfect conditions rarely exist, the Martingale System can fail. Lastly, to use the strategy, you need a bigger bankroll and not everyone can afford to bet hundreds and thousands. If you plan to use this strategy, make sure you know the risks and always keep an eye on your bankroll.