Many consider this system to be the most profitable. Some bettors even say that the system is unbeatable. But how successful is the Martingale System?
This guide will explain the meaning of the strategy and how it works. Fortunately, it will also help to ensure that the myth of the Martingale System being unbeatable is no longer spread.
WHAT IS THE MARTINGALE SYSTEM?
The Martingale System is a very simple betting strategy, in which you double your bet if you lose, to win your money back. If you lose your first bet, you bet twice as much on your second bet. If you also lose your second bet, you will need to double your bet again. You will continue to do this until you win a bet and recover the money you initially lost. If you win, you are returned to your initial bet. The system is very simple, therefore, used by many beginners.
In theory, the Martingale System can be successful if you have a lot of money and find a casino or bookmaker that accepts unlimited bets. In reality, however, the Martingale System is a very risky strategy. Sooner or later, you will be hit by a losing streak, no matter how good you are. As a result, you will end up bankrupt and zero your bankroll. Many novice gamblers have a tendency to overestimate themselves and underestimate the risk of a long losing streak, placing an overconfidence in the Martingale System.
HOW DOES THE MATINGALE SYSTEM WORK?
The Martingale system is based on the theory we mentioned earlier. In case of a loss, you must double your initial bet until you win a bet and get the lost amount back. You start by deciding a value for the initial bet. The amount can be 1% of your bankroll, for example. If you have $ 1,000 in your account, you can start with a $ 10 bet. If you win your first bet, you will continue as usual. If you lose the first bet, you must increase the stake to R $ 20. The most important thing is that you bet on odds of at least 2.00 to recover the amount lost with your previous bet. If you lose the $ 20 bet, you will need to double the amount again, betting $ 40 and hoping to win this time.
EXAMPLE OF THE MARTINGALE SYSTEM
For convenience, we will show you an example of how the system works with an initial bet of R $ 5 when playing at odds of 2.00. It is important that the odds are at least 2.00, so that you can recover your initial bet:
Result of the bet amount +/-
Bet 1: $ 5 win = + $ 5
Bet 2: $ 5 win = + $ 10
Bet 3: loss of R $ 5 = + R $ 5
Bet 4: $ 10 win = + $ 15
Bet 5: loss of R $ 5 = + R $ 10
Bet 6: R $ 10 loss = R $ 0
Bet 7: loss of R $ 20 = – R $ 20
Bet 8: loss of R $ 40 = – R $ 60
Bet 9: loss of R $ 80 = – R $ 140
Bet 10: $ 160 win = + $ 20
In this example, you will make $ 20 after 10 bets. However, as you can see, the situation can change quickly. The ninth bet was less than R $ 140, even if you started with a R $ 5 bet. On the tenth bet, you recovered your losses and won R $ 20. However, the tenth bet could have ended in defeat. You should never underestimate the variations of a game. Be aware that signs of bad luck appear as often or perhaps more often than signs of luck.
MARTINGALE SYSTEM RISKS
If you want to use the Martingale System, you must know the risks. First, you need to closely monitor your bankroll. Second, you need a large amount in the account to recover your losses. For example, you can lose ten times in a row, which is not impossible when playing at 50% odds. Ten consecutive losses means that your eleventh bet should be worth 1024 starting bets. Therefore, if you place a first bet of R $ 2, your eleventh bet must be R $ 2,480. This amount can be much higher than the amount in your account.
Losing consecutive bets will empty your account. And even if your account survives a long string of losses, you still have a problem, as the bookmaker may not accept your eleventh bet. This means that you may not have a chance to recover your money, even if your account still has enough money.
The Martingale System is a very easy strategy for those looking for a long-term betting strategy. The more bets you place, the more likely you are to be black. If you want to try the Martingale System despite the risks, we recommend that you keep your bets small and know when to stop.