The Martingale system is a sports betting strategy that involves a gradual raise in stakes to compensate the previous loss. This strategy also applies to the black/red roulette game, where a player always bets on one color, and doubles the stakes with each loss. Thus, when the player’s color finally occurs and his bet wins, he will return all the lost money and will receive a gain from his initial bet.
Here’s the example. A £100 bet on the red lost, the player bets £200 on the red; the red occurs, and the player thus gets back £400, £200 of which is a return for the last loss, £100 – for a lost before that. So, the net profit is £100.
Is it possible to win using this strategy?
In theory, this strategy is lossless. If a player has an unlimited amount of money and time, the bet will win in the end, and the player will have favourable balance. But in reality, this strategy includes elements of risk and a lot of players lose using it
The fact is that if a player is unlucky, and loses several times in a row, the betting amount will grow very quickly. For example, if you start the game with a £100 bet on the red and black occurred five times in a row, you will need to place £6400 to compensate the previous losses. Some veteran players say they have witnessed the same color occur 17 times in a row. Players often run out of money, not able to catch up with their target; or after a few setbacks, they deviate from the initial strategy and miss the desired outcome.
Martingale in sports betting
As for Martingale system in sports, it works the same way, but this time a punter chooses an event he wants to catch up with. It’s popular to constantly bet on a draw in football matches. Considering the fact that draws usually come with odds higher than three, players can raise the stakes not as fast and beat the bookmaker.
The amount of the catch-up bet depends on the odds the player is chasing. The bet should be calculated in such a way that when a player wins, his win should exceed the sum of the previous losses and the potential gain of the first bet.
The formula for calculating such a bet is as follows:
|С =||Х plus Y|
|Odds minus 1|
- C is the amount of the proposed bet;
- X (depending on the player’s choice) is the amount of the first potential win or the amount the player wants to earn;
- Y is the sum of all the previous losses.
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