Whether you are betting on sports or casinos, you most probably heard of the Martingale betting system. In sports betting, every successful bettor has used a sports betting method at some point. There are easy ones and some that are far more sophisticated. Thus, you must use some of them if you want to make long-term earnings. Today, we will concentrate on the Martingale sports betting system in this post.
The Martingale betting strategy is pretty well known in the sports betting industry. The truth is, some punters do it unconsciously, not realizing that their betting method is quite familiar.
Almost every successful sports or casino gambler employs some system in sports betting. Some are simple to use, while others are complex and need years of refinement. However, creating a sportsbook account and betting without a plan will nearly always fail in the long run.
What Is The Martingale Sports Betting System?
The Martingale approach is well-known as a no-lose system in principle. Apart from that, its simplicity is what makes it so popular with bettors, whether professional sports bettor or casual. Moreover, you can use this betting system in both sports betting and casino games. However, first, let us see if this is true in practice.
The Martingale gambling strategy has been around since the 18th century. According to legend, the Martingale method was named after John Henry Martindale. He is a London casino proprietor who is said to have utilized the system in the 1700s. Martindale became Martingale over the years. Thus, the correct spelling of his last name was lost in translation
The Martingale system is based on the idea of doubling your wager amount every time you lose. You will ultimately win a wager, resulting in guaranteed winnings. In addition, you can always refund your stake based on a mathematical standpoint.
However, there are additional aspects to consider that might quickly turn things around. Thus, it can leave you with an empty wallet. Therefore, before you opt for this betting system, you should consider these variables:
- Limited bankrolls
- Wagering limitations
- Casino regulations
How Martingale Betting System Works?
Let’s look at some figures for the Martingale Strategy, including how risk/reward works in practice. For this example, we’ll utilize EFL betting to demonstrate how the Martingale Strategy would be used in a sportsbook.
Assume your average EFL stake is $100. To make the arithmetic easier, we’ll assume an initial wager size of $100 and even money odds to use the Martingale system.
For game #1, you risked $100 but you lose. Therefore, you must double your stake in game #2. You need to wager $200. However, you lose in the game again. Then, on game #3, you double your wager again. In this game, you are betting $400, yet you lose again.
When you lose a bet, you should follow this pattern. But what comes if you eventually win? For game #6, you are risking $3,200 and you win. In this case, your total profit is $100. Furthermore, you should restart the cycle by resetting your stake to the starting amount. In the end, a successful bet will allow you to recuperate all of your losses.
Let’s add those numbers up. For this study, we’ll imagine that they are all +100 even money moneyline bets with no vig. Because you made a profit of $100, the Martingale Strategy is effective. In Game 6, however, you need to wager $3200 merely to win the initial bet unit of $100.
How To Win Using The Martingale System?
Seeing that the Martingale system is effective on our sample, it looks great, right?
However, you should not be tempted to put it into practice right immediately because you believe it would ensure riches.
Some constraints have already been mentioned. Besides, the gambler’s fallacy is a particularly dangerous one. This one is about not realizing that each bet is a different occurrence. If you’ve lost three bets in a row, don’t expect to win the fourth. As with the first three bets, the chances of failure remain the same.
Even the most seasoned gamblers can go on a losing streak that can extend for months. However, if you use the Martingale betting approach, your bankroll will not be able to endure the streak. As a result, this technique is not without danger. Moreover, you’ll need a sizable bankroll to use it.
With careful bet selection, you can eventually make the method work for you.
The Road to Disaster
The difficulty is that either you run out of money or your bets go so high that you cannot find anybody to take them.
When it comes to most gambling games, using the Martingale strategy is a sure-fire way to lose money. Moreover, you can even find long, rambling supposedly “scientific” publications explaining why it doesn’t work in the long run. Thus, they will recommend why you should never use it.
Martingale Betting Strategy In Sports Betting
As previously stated, the Martingale technique may be used in both casino and sports betting.
You can simply increase your investment while spinning the Roulette wheel since the odds are always the same. Yet, there are a few modifications that can be made when betting on sports.
When betting on a sporting event, you must examine the odds. This also may vary depending on the stake. If your goal is to simply recoup your losses from a prior lost wager, you’ll need to figure out the stake for the next one.
Don’t worry, because the math behind this is easy, and we’ll guide you through the process.
Simply divide the total forfeits by the decimal odds. Then, the result is the amount you should risk next. You may, of course, increase the stake if you want to make some more money from the bet. Let’s take a closer look at how the Martingale method works in different sports.
Martingale System In Football
We’ll keep it basic and illustrate the strategy using an NFL game as an example. Let’s assume you have a $120 initial stake and want to cover the spread on the New England Patriots at -120 odds.
Your potential winnings are $100, however, you ended up losing the wager. Then, you decide to back the Patriots again the next week. In this case, you must raise the stakes to make up for the forfeits from the prior week.
You can use the technique above, but, we will simply double the stake and gamble $240 at the same -120 odds.
With a total payment of $440, the bet proved to be successful. You’ve repaid your losses from the previous bet ($120), then refunded the investment from the winning bet ($240). In addition, you made a profit ($440-$120-$240 = $80) by using basic math.
After that, you can reset your investment to $120 if you want to continue betting.
Martingale Betting Strategy In English Football (Soccer)
Soccer is a popular sport in which the Martingale technique is extensively used. This time, we’ll see what it’s like to be on a four-bet losing streak.
How it works?
With a $10 stake, you made your first bet on a La Liga match between Real Madrid and Alaves at the odds of -400. Surprisingly, the visitors were able to pull off an upset and the game end up in a draw. As a result, you’ve lost a wager.
On the next game, you opt to support a draw at +200 odds in the Champions League game between Borussia Dortmund and PSG.
Football Betting Formula: (Stake/Decimal Odds) = Amount needed to wager
Here, you must wager $3.33 ($10/3.00 = $3.33). So, you can receive your investment from the first bet returned. However, you also want to make some money, so your bet is $5. Unfortunately, you’ve lost your bet again as the visitors celebrate a tight 1-0 victory.
Your next wager is more acceptable, as you anticipate greater action in a Premier League clash between Liverpool and Manchester City. You predict at least three goals in total. Also, your bookie offered you -200 odds. According to the method above, you should bet $10 to recover your losses, but you opt to bet $15 instead. The game concludes in a 2-0 victory for the home team. Sadly, you lose another bet again.
You have chosen a Serie A match between Napoli and Juventus for the fourth time in a row. You bet $15 on the home to end the current Serie A champions’ domination, at odds of +150. Your total losses are $12 this time, but you have yet to halt a losing streak owing to a goalless tie. Even so, you’ll need to raise the stakes for the next wager.
Football Betting Martingale
Finally, you want to end this losing streak at any cost. So, you go on Barcelona’s -500 win over Valladolid.
Football Betting Formula: (Stake/Decimal Odds) = Amount needed to wager
Using the football betting formula, your minimum investment for recovering losses should be $37.5. Here, you need to add all your losses from previous matches. Then, divide it by the odds in decimal form. Therefore, you need to at least invest $37.5 to recover your previous losses.
The stake for this bet is $40, and Barca won 4-0, exceeding expectations. You won a wager, recouped $85 in total losses. In addition, you gained $3 in net profit. Although you did not make a lot of money, you have now regained all of your losses.
Basketball, Hockey, or Baseball: Martingale Sports Betting System
Regular seasons are extremely demanding in some of America’s most popular sports, such as:
So, let’s pretend we’re in the final quarter of the regular season, and we’re using the NBA as an example.
The New York Knicks have had another poor season, with a record of 15 wins and 45 losses after 60 games. It’s safe to assume they’ll lose at least once before the playoffs begin. Your initial bet is still $10. They’re playing the Cleveland Cavaliers, and your sportsbooks in Singapore has these odds:
- The Knicks -105
- The Cavaliers -115
You bet for the Cavaliers to win. However, if the Knicks celebrate, you’ll need to make up for your losses in the next game against the Raptors at -300 odds. Using the football betting formula, we’ll compute the amount you need to wager on this game.
Initial stake/Decimal odds = Amount need to wager
$10/1.33 = $7.5
In this case, you need to wager $7.5. If you opt to raise the stakes a little, you might expect to make more money. Yes, the Raptors won convincingly, and you earned your wager. A similar idea may be applied to any NHL or MBL club that is struggling throughout the regular season.
Tennis Martingale System
If you want to bet on tennis, you may also use the following strategy. To put bets against, choose a participant whose prospects of winning a competition are extremely minimal. He or she is unlikely to get past the quarter-finals. If your chosen player loses in the first round, you may be able to benefit.
Moreover, you’ll need a larger bankroll when the player advances to the quarterfinals. So, you should still be able to recoup your losses.
The player’s worst-case scenario is to win the tournament. In this case, you will not be able to recoup any losses. Still, this may be the best strategy to use since only a few players win trophies.
Martingale Sports Betting Strategy Variations
Because of the system’s popularity, bettors created various versions of Martingale. We’ll show you a few of them, and you may pick the one that best meets your needs.
Mini Martingale Strategy
This Martingale version helps you avoid large losses. Moreover, it stops you from doubling your bet. Instead, it allows you to spread your money out. Mini Martingale makes it more difficult to lose your whole bankroll in the event of an extended losing streak. Unfortunately, long-term earnings are quite smaller compared to other versions.
Reverse Martingale Strategy
As the name suggests, this is the opposite of the classic Martingale betting system. Here, you are not doubling your stake after losing. Instead, you are doubling down after winning.
This betting strategy can keep you from losing a lot of money. Then again, the ability to recognize when to quit is, nonetheless, crucial to success.
A single losing wager might wipe away all of your winnings from a winning run. As a result, you must be secure in your choices while yet not being greedy. The greatest advice is to limit your streaks to three or four games and then restart.
Grand Martingale Sports Betting Strategy
This system works in the same way as the normal Martingale. After every defeat, you should add an extra unit. It implies that if you win a bet, you’ll make more money than if you used the classic Martingale approach. The disadvantage is that you may run out of money more quickly than normal.