Many punters are often interested in using specific betting strategies. The Martingale system is among the most popular ones because it is rather simple. This makes it common for many gamblers who want to bet using a strategy.
The Martingale system is also known as the Double Bet strategy. Check the following paragraphs to learn more about this popular system. We’ve also included a Martingale betting calculator, which is among the most practical betting tools that players nowadays
Martingale Calculator Online
As we already mentioned, the Martingale bet strategy is based on mathematical calculations. And the good news is that you can use a simple Martingale calculator. It can help you make a quick analysis of how the system works and what your eventual chances of winning bets would be.
What is the Martingale Betting System?
The simplicity of the Martingale system is the key to its popularity. The essence of the Martingale betting strategy is that punters double their losing bets until they win. Thus, the idea is that when you double your bets after every loss, you would expect the first win to recover the previous losses and also add a win that is equal to the original stake.
If you wager $100 and win, you keep these $10 aside and place another bet of $100. If this bet loses, then you place a bet of $200, and if it also loses, then you place another bet of $400, and so on until you can recover all your losses and at the same time keep the initial wager. If that’s a loser, you’d bet $400 on the next bet, and so on until you theoretically recover all your losses while keeping the initial $100 bet.
How to Use the Martingale System?
The Martingale betting strategy uses mathematical models so that you can make a simple and easy calculation of what your theoretical profit would be if you follow the strategy pattern. This is why this system is often convenient and preferred by many punters who want to place bets and obtain long-term wins.
The system is convenient to be used on even-money odds. Once you double the bets after every loss, in the end, with an eventual winning bet, you will be able to secure a specific amount. The losses, however, will be present as well. Keep in mind that the popularity of the Martingale system is huge and sometimes it may also be mentioned in the New York Times’s sports section.
Pros and Cons of the Martingale Strategy
Many bettors prefer the Martingale system, while others might be rather sceptical of it.
Nevertheless, this system has proven to work effectively in specific conditions for those who use it to place bets.
However, the Martingale betting strategy also comes with specific downsides that may also affect the overall performance of bettors. In the table below, you can find the major pros and cons of the Martingale system for betting.
- The Martingale betting system is easy and simple to use.
- In favourable conditions, the strategy may be effective and consistently profitable.
- The system is perfect for short-term betting sessions, offering good chances to recover losses.
- Theoretically, the strategy helps you increase your bets while at the same time, you can secure part of the losses so that you can continue betting.
- The system has proven to be working in most cases, and many gamblers choose to use it.
- To be able to benefit from a higher profit using the strategy, you need to bet with a higher bankroll.
- With doubling your bets every next round after you lose, the amount of the stakes that you have to make can increase significantly.
- Most sports betting sites have a max betting limit, and then, depending on the specific circumstances, the system may not be convenient for long-term bets,
Variations of the Double Bet Strategy
You need to know that there are also some variations of the popular Martingale double bet strategy. They can also be used in different situations and can provide you with an advantage throughout your betting session. Below, you can check some of the most common variations of the system.
This variation is also known as the Reverse Martingale. The Anti-Martingale system is extremely simple and actually, as its name may suggest, works the opposite way. Therefore, the idea is that you double your bet once you win and decrease your bet amount when you previously lose.
Yet another interesting variation is the Shortened Martingale which is also popular as the “Mini Martingale”. The shortened system aims at helping you limit the amount of your doubled-down bets. The idea is to avoid bigger losses in a long-term period.
The Grand Martingale system uses the same principle as the original Martingale betting system. However, here we have an extra feature. Using the Grand Martingale, you are supposed to add an additional bet unit after every next loss. For example, if you score several losing bets in a row, then if the next bet is winning, with the following winning bet, you will be able to generate greater profit compared to the original system.
The History of the Martingale System
The gambling method double down has a long history. It is believed that the Martingale system became common in the 18th century. John Henry Martindale is supposedly the man after whom the strategy has been named. He was a casino owner in London and used this type of betting system in the 1700s.
Is it Legal to Use the Martingale Betting Strategy?
Yes, bettors can legally use the Martingale system. Unlike counting cards, for example, this system does not involve any types of fraudulent activities on behalf of the bettors.
Is it Allowed in Casinos?
Yes, the Martingale betting system can also be applied in placing wagers on casino games. And, the good news is that it is not considered illegal or banned to use.
Does the Martingale Strategy Work in the Long Run?
It depends on how big your bankroll is. However, the system will require that you raise the amount of your bets after every loss, and depending on the circumstances, you can end up having thrown bigger amounts to be able to recover your losses.
What is Staking in Betting?
The staking in betting is the succession of numbers and the outcomes of the previous wagers. This is the series of investments made while betting.