The Martingale system is very popular with casino goers. Could you also use this for your sports betting?
The Martingale system was created for casino gamblers and it is easy to understand: If you lose your bet, then you gradually increase your stakes with the aim of covering all your losses and making a profit on the first winning bet. Once the expected profit is achieved, you repeat the strategy from the first beginning and bet the amount of your initial stake.
The following formula is used to calculate the amount of money accumulated:
Stake = (L+P) / (O-1)
An example of a Martingale Bet
Organizing a series of bets under the Martingale system
To simplify this example, let’s assume that all odds are 2.
|Result||Profit / Loss||Total|
|1st Bet 1||10||Lost||-10||-10|
Let’s say you want to make a profit of 10 euros. You therefore place a bet of 10 euros at the odds of 2. When you lose your first bet, you will gradually increase your profit amounts. Your fourth bet wins, allowing you to cover your losses and make the profit you originally hoped for. For the fifth bet, you will go back to your initial strategy of placing 10 euros.
What are the risks associated with Martingale Betting?
The main drawback of the Martingale System has to do with practicality. Poor results in a betting round quickly force the gambler to collect a huge amount of money. In the traditional Martingale System, after 5 losing bets on a 2 probability, the amount of the 6th bet must be equal to 32 times the amount of the initial bet!
Furthermore, the Martingale system is not in itself a means of making long-term profits. The only way for the punter to do this is to calculate the odds more accurately than the bookmakers.
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