Martingale Strategy 2021
When talking about sports betting or casino strategies, Martingale strategy is undoubtedly the most common one. If you have ever explored different betting systems, you must have come across the Martingale strategy. Every successful bettor has applied some sort of sports gambling system. There are simple ones, others are way more complicated, but if you are aiming for profits in the long term, you need to apply some of them. In this article, we are going to put our focus on the Martingale strategy.
What is the Martingale strategy?
In theory, the Martingale strategy is well-known as a no-lose system. Besides that, its simplicity is what makes it so famous among bettors, no matter if they are professionals or casual ones. Also, you can apply it to both sports betting and casino. But, let's find out more is that applicable in practice.
Martingale betting system originates from the 18th century. The legend says that it was invented by a casino owner in London in the 1700s. The basics of the Martingale strategy lay in the fact that you should double your bet stake each time you lose. You will win a wager eventually, which leaves you with sure profits. From the mathematical perspective, you can always return your stake at least. This conclusion makes the Martingale betting system so accessible. However, you need to take into account other factors that can quickly turn things around, which can leave you with an empty bankroll. These factors can be limited bankrolls, wagering limits, or casino regulations. All of them can hurt the Martingale strategy in the long term. You should always be aware that perfect conditions do not exist in gambling.
So, according to the Martingale system, you should double your bets by the time you win. It means that if you make a $10 wager and you lose, you should go with a $20 stake in the next one. And, if that one is a loss, you should bet $40 in the subsequent wager. You should stick to this pattern every time you lose a bet. But what happens when you eventually win? You should reset your stake to the starting amount and kick off the cycle all over again. Ultimately, you can recoup all your losses with a winning bet.
It sounds great, doesn't it? However, you shouldn't get carried away to apply it right away, knowing that it will guarantee profits. We have already mentioned some constraints, but another pretty dangerous one is called gambler's fallacy. This one refers to the failure to understand that each bet is a separate event. If you were unsuccessful three times in a row, that does not mean you won't lose the fourth bet. The probability of failure remains the same as with the first three bets. Even professional bettors can enter a losing streak, which can last for quite a time. But, if you rely on the Martingale strategy, your bankroll won't withstand that streak. Therefore, this system is not risk-free by all means, and you would need to have a substantial amount of money in your bankroll.
Eventually, you can make the system work for you with the wise choice of bets. So, if you are looking for some professional tips to try out the Martingale strategy, head to Billy's List and sign up for free.
Martingale strategy in sports betting
As we have already said, gamblers can apply the Martingale strategy in casino and sports betting as well. While you can simply double your stake when spinning a Roulette wheel since the odds are always the same, in sports betting, there can be a few adjustments. When placing a wager on a sporting event, you need to take into consideration the odds, since they are not the same for every bet. If your idea is just to recoup the losses from your previous losing bet, you need to calculate the stake of the subsequent one. Don't worry, the maths behind this is simple, and we will help you learn the formula quickly. Just divide the total forfeits with the decimal odds, and the resulting amount should be your next stake. Of course, if you want to make some extra profits from the bet, you can increase the stake a bit. Let's dip into more detail and see how the Martingale system works for different sports.
Martingale betting strategy in football
We are going to keep it simple and use an NFL game to explain the approach. Let's say that your starting stake is $120, and you want to cover the spread on the New England Patriots with the odds at -120. Your potential winnings are $100, but it turned out that you lost the bet. Next week, you decide to back the Patriots again, but you need to increase the stake to recoup forfeits made from the previous week. Although you can use the formula above, we will just double the stake, and you should wager $240 at the same odds of -120. The bet turned out to be a winner with a total payout of $440. By doing simple maths, you have recovered losses from the preceding wager ($120), returned the stake from the winning bet ($240), but also gained some profits ($440-$120-$240 = $80). If you intend to run another round of betting, then just reset your stake back to $120.
Martingale betting strategy in soccer
Soccer is another sport where the Martingale system is widely represented. This time, we are going to see how it looks like in a four-bet losing streak.
- You placed the first bet on La Liga match between Real Madrid and Alaves at the odds of -400 with a $10 stake. Surprisingly, the visitors managed to pull out an upset and get away with a draw. Therefore, you lost a bet.
- Next time, you decide to back a draw in the Champions League game between Borussia Dortmund and PSG at the odds of +200. If you want to get your stake from the first bet back, you need to wager $3.33 ($10/3.00 = $3.33). However, you also want to snatch some profits, therefore your wager 5$. The visitors celebrate a narrow 1-0 victory, so you lost another bet.
- Your subsequent bet is a more reasonable one, as you expect fireworks in a Premier League derby match between Liverpool and Manchester City. You expect at least three goals in total, and your bookie gave you excellent odds at -200. By applying the formula mentioned above, you should wager $10 to recover your forfeits, but you decide to go with $15. The game ends with a 2-0 home win, but you lose another bet.
- For the fourth in a row, you have picked a Serie A game between Napoli and Juventus. You hope the hosts can stop the domination of the current Serie A champions, and put $15 on their win at the odds of +150. This time, your total forfeits are $12, but you again failed to stop a losing streak due to goalless draw. Still, you need to increase the stake for the subsequent bet.
- Finally, you want to break this poor streak at any cost and decide to go safe with Barcelona's win over Valladolid at -500. For recovering losses, your minimal stake should be $37.5 (($10+$5+$15+$15)/1.20 = $45/1.20 = $37.5). Your stake for this bet is $40, and Barca met the expectations with a 4-0 victory. You won a bet, recovered $85 of total losses, and made net profits of $3. Although you did not earn a lot of money, at least you have recovered all your forfeits, and you can start a new round.
Martingale betting strategy in basketball, hockey, or baseball
Some of the most popular US sports have very exhausting regular seasons, like the NBA, NHL, or MLB. Let's say we are ahead of the last quarter of the regular season and take NBA as a reference. New York Knicks have another disappointing campaign, and their score after 60 games is 15 wins and 45 defeats. It is a fair assumption that they will lose at least once before the playoffs start. Your starting stake is still $10. They play Cleveland Cavaliers, and your sportsbook offers the following odds:
- The Knicks to win -105
- The Cavaliers to win -115
You place a bet on the Cavaliers to win, but if the Knicks celebrate, you will have the chance to recoup your forfeits in the next game against the Raptors at the odds of -300. In that case, you would need to wager $7.5 ($10/1.33 = $7.5). If you choose to increase the stake a bit, then you can count on extra profits. And yes, the Raptors pulled a dominant win, and you won your bet. You can apply the same principle on any NHL or MBL team that isn't performing well during the regular season.
If you prefer wagering on tennis, you may try with the following approach. Pick a player whose chances of winning a tournament are very slim to place wagers against it. Likely, he or she cannot go further than the quarter-finals. In case your selected player loses in the opening rounds, you may end up with profits. However, if the player reaches quarter-finals, you would need a bigger bankroll, but still, you should be able to recover forfeits. The worst-case scenario is that the player wins the tournament. In that case, you won't be able to recover any losses. However, since just a few players lift trophies, this might be the right approach.
Martingale strategy variations
Since this system is so popular, bettors have developed some variations that can apply to sports betting. We are presenting some of them, and you can choose which one suits you the best.
Mini Martingale strategy is the variation which can help you avoid huge losses. It prevents you from doubling your stake, which means that you can spread out your bankroll. This way, it is harder to empty your entire bankroll due to a long losing streak. However, the long term profits are smaller.
Reverse Martingale strategy focuses on doubling down your stake after winnings, rather than doubling it after a loss. It can prevent you from making a significant loss. However, the critical factor in being successful is knowing where to stop. Only one losing bet can wipe out all profits you made during your winning streak. Therefore, you need to be confident in your picks, but not greedy. The best advice is to keep your runs to three or four games, and then start all over again.
Grand Martingale is based on the same principle as the standard Martingale system. In addition to the original version, you should add an extra unit after every loss. It means that when you win a bet, it will bring you more profits than the basic Martingale strategy. The downside is that you may run down of money faster than usual.
Martingale strategy advantages
Martingale strategy is so simple that anyone can use it. It is the first advantage of this system. You don't need to do complicated maths to figure out the numbers. Bettors and gamblers can apply it to any kind of wager. Whether it is about the casino, Roulette, or sports, the principles are the same.
In perfect conditions, the Martingale strategy always works. In case the sportsbook or casino don't have wagering limits, and your bankroll is loaded with money, you can count on constant profits. However, it is tough to apply this in real life. But, with the analytical approach to your bets, you may utilize this system and make profits in the long term.
Potential risks of using the Martingale strategy
You shouldn't get carried away by blindly following the theory. Perfect conditions are impossible in gambling and sports betting. After some time, your bankroll simply cannot withstand your losing streak. Remember that every bettor has fallen into a poor run, no matter how experienced he/she is. You can't avoid losing streaks. Therefore, you would need a huge bankroll to ride them out. Due to certain limitations imposed by the sportsbooks and casinos, Martingale strategy breaks at a certain point. You simply cannot recoup your forfeits due to wager or payout limits. It may lead you to make even riskier bets or adopting other strategies.
Let's summarize all risks of the Martingale betting system:
- You can run out of money
- You can run out of time
- Casinos and sportsbooks have wagering limits
- You can fall into losing streaks
- In case you play Roulette, the house always has an advantage
Martingale strategy: Try it now at one of the top 5 betting sites
We thoroughly explained the Martingale betting system in this article. Now that you know everything about it, you can try it in your wagering experience. You may choose to apply the original strategy or some of its varieties. Find a online sportsbook that fits you the best and sign up for an online account. Put some money into your account and choose a game to place a bet. Enhance your sports betting experience and enjoy your winnings!