System bets and strategies are part of gambling, regardless if it’s sports betting or casino games. The most common and most used system is the Martingale Betting System. Its popular because its very easy to learn and even beginners can start using it right away.
The Martingale Betting System is mostly used for roulette and even blackjack; however, experienced sport bettors are also using it when they bet on various different sports. Below, we will explain more about this system and how it can be used to your advantage.
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How the Martingale Betting System Works?
There is no other betting system that’s simpler and easier to learn than this one. That’s the reason why its popular with all types of players. The Martingale Betting System can be used at any online or land-based casino and also with online sports betting. As a bet type, there are several variations of this system; however, they are all oriented around one main idea – “Double your bet after a loss”.
If you look at it, the Martingale Betting System works like a simple 50/50 coin toss. If you win, you bet the same amount again, if you lose, you double the initial bet. You keep doubling until you score a win. Looking at it this way makes it seem like a full-proof system that guarantees wins. However, its more complicated and also more dangerous than it seems. Whatever type of betting you use it for, you could end up losing a lot of money if you end up on a long loosing streak.
The best options for the Martingale Betting System are red/black and high/middle/low on Roulette. However, it can be used for sports betting, especially football.
Lets take the simplest red/black betting on roulette and explain how the Martingale Betting System would work. For instance, you pick a table and you bet $1. If you lose, you bet $2 on the next spin, $4 on the one after that, then $8, etc. You keep doubling until you win and then you go back to $1.
When it comes to football betting, the system is used for picking an outcome to a match. However, a match can end in three outcomes which doesn’t really fit the 50/50 martingale requirement. That’s why in this type of betting, the Martingale Betting System is used in a different way. Players pick a certain team that has a tendency to draw their matches and then follows that team.
For instance, you bet $10 that the team will draw a match. If you lose, the next time they play you bet $20, and $40 on the one after that. You keep going until a draw happens and then your stakes get reset to $10 again.
Advantages and Disadvantages of the Martingale Betting System
As you can see by the examples, its easy to use this betting type and it seems that winnings are guaranteed. However, that’s not the case most of the time. Even though a clear advantage is that anyone can use it and with a little luck it can lead to good winnings. Still, with the Martingale Betting System, that $1 initial bet can turn into a massive loss.
Lets imagine you were betting on red/black on roulette where the initial bet was $1 but you lost 15 spins in a row.
|Bet Number||Bet Amount||Loss|
With the Martingale Betting System even just 15 spins will take you up to more than $16000. Now, if you score a win on the 16th spin, you will get back the money you lost. However, what if you can’t handle such a huge bankroll? If you can’t double your bet, you will suffer great loses.
On top of that, if you are playing online, some casinos and even bookmakers have a limit on the stakes you can place. So, if you are unable to double your bet due to those restrictions, you will be left with a huge loss as well.
All in all, the Martingale Betting System is a simple way of betting that even beginners will understand. It can lead to some nice wins; however, if you get a long loosing streak, you might end up losing a lot of money. So, before starting such a venture, make sure your bankroll is big enough to cover at least up to 10 losses. Because if you are unable to double your bet, losses are guaranteed.
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