MARTINGALE BETTING STRATEGY

Are you feeling luck enough today? Well the Martingale strategy may be what you need today to make profits from betting. Many punters have always been daunted with the question of which strategy to use in order to maximize profits.

So, you may ask, is this Martingale strategy the holy grail of betting strategies? Well, let us find out. Before you adopt it or dismiss it, you need to understand what it is and what makes it a good or bad strategy.

DEFINITION OF THE MARTINGALE STRATEGY

According to Wikipedia, A martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses it if the coin comes up tails.

The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. The martingale strategy has been applied to roulette as well, as the probability of hitting either red or black is close to 50%.

In simple terms, the Martingale strategy involves betting on single bets whose probability of coming about is about 50%. This may include a GG/NG bet of odds like 1.98 or an Even number of goals with odds 1.95. The idea is starting small in terms of the amount staked such that in case of a loss you are able to double the amount of the stake on the next stake. In case you lose again in the next bet, you double your stake once more and place a similar bet. Once you win, you place a similar bet with the original amount.

This way, whenever you win, you don’t only get back the full amount of your stake but also make some profit.

The explanation above may sound like this betting system is not only sound enough but profitable. Well that is true only up to some point.

Before I go further, I would like to give an example of these bets in practice.

In the example above, there are 5 games, all played in a single day, one after the other. On the 3rd column are predictions made by the punter for each game. For the purpose of this article, I will assume the punter uses 100 as the base amount of stake.

HOW TO BET WITH MARTINGLE STRATEGY

1. Subdivide your available funds into 10 parts

2. Identify about 5 matches playing back to back

3. Bet 100 on an outcome of about 2 odds

4. In case you win, bet the next match with 100

5. In case of a loss, double the amount to 200 for the next bet

6. In case of another loss still double the amount for the subsequent bet

7. Continue step 5 until when you win in which case you return back to betting with 100

The above 6 steps are basically all the steps you would need to execute the Martingale strategy effectively. In between the 6 steps are some things you need to understand. There are many possibilities for scenarios that may unfold in the process. I will therefore take time to explain and explore each of the 6 steps to leave no stone unturned.

By the end of this article you would have understood the ups and downs of this strategy. You will therefore be ready to apply it in your betting or choose not to.

Without much ado, let us dive in.

Subdivide your available funds into 10 parts

Subdividing your funds does not mean you find change or cash. It simply means you need to know how much it is that you will place for each bet. If you have 1000 dollars, for instance, each Martingale bet will cost you, say, 100 bucks. Make sure the total amount, in this case 100 dollars, is one you can raise easily or can afford to lose. Do not use huge amounts that will push you into depression in case you lose.

So the first thing is to make sure you know how much each bet will require. In this case, we will use a total amount of 1000 dollars and a Martingale bet amount of 100 for the start.

Identify about 5 matches playing back to back

The Martingale betting strategy requires that you play one bet at a time. This means playing a multibet or combo of matches is out of the question. Since the matches have to be played one after the other, it also means you cannot bet on all the 5 matches, albeit separately, at the same time. You will need to bet on another match after one has already ended and their results known.

To ready yourself, therefore to apply this strategy you will need to identify about 5 matches plying in a single day or week (depending on your preferred frequency and the time in your hands or capital). The rules for choosing the bets are simple. First, make sure the odds are about 2. This signifies that the probability of the outcome is about half, or 50%.

If you have a problem understanding odds check out my other article about understanding betting odds. The other rule is that the matches must be playing one after another with a gap of about 30 minutes after full time results are known for the previous match. This essentially means the matches have to be spaced at least 2 hours apart.

I may also add that the GG/NG odds and Over/Under odds are some of the best ones you can use in this strategy. These, unlike 1X2 odds for example, do not have more than 2 possible outcome. GG/NG, for instance has only 2 possibilities. It’s either the teams both score, or at least one doesn’t. There is no middle ground like draw for instance.

Bet 100 on an outcome of about 2 odds

Once you have identified and recorded your bets down on an excel sheet or with a pen and paper, it is time to place your first bet. At this point I will assume your bets are ready and you don’t have a problem choosing the bets.

Now deposit some money in your bookmaker account and place a bet of, say, 100. As I said before, I do not know your currency or country. I will therefore use the dollar for illustration purposes. So bet on your outcome for the match that is playing first. Since you already chose matches with about 50% chance of coming true, you will expect to either win or lose your bet. Below we will explore what you need to do in either case.

In case you win, bet the next match with 100

If you are fortunate enough to have won your first Martingale bet, then its time to bet for the next match. Remember the matches might be spaced tightly so do not lose a lot of time congratulating yourself. Stay focused and place the next bet immediately using another 100. The profit you make, in this case almost 90% is yours for keeps. You do not need to use it in betting again. If you can save that amount or use it in other ways, the better.

This is the main advantage of this strategy, you get to keep or use some profits when things go well. If you decide, at this point, to plough back the profit so that the wager amount is larger in the second bet given that you have won, then your next bets won’t be in line with the Martingale strategy.

I must therefore reiterate at this point that at no point should you increase the wager amount when you win. The objective of this strategy is making clean profit from each bet and recovering losses, not speculating with larger wagers. If you cannot keep calm and continue to bet with the base amount even after you win, then this strategy is not for you. You may need to try other strategies like the Fibonacci betting strategy.

In case of a loss, double the amount to 200 for the next bet

In case you lose the first bet then you need to recover immediately from the loss emotionally. This will give you a chance to see clearly the next step which is to bet on the second match with double the amount. In this case, you need to place 200 dollars on the second bet.

If for instance the odds are 2.0 for this second bet, then it will allow you to rake in a cool 400 dollars in case of a win. This will not only refund your capital, which is 100 +200 (300 dollars), but also make you 100 dollars’ worth of profit. This, therefore is the main point of the Martingale strategy.

It means every win means all previous losses are covered and some unitary wager profit is achieved. To see this point clearly let us move on to the next step.

In case of another loss still double the amount for the subsequent bet

In case you lose 2 Martingale bets in a row, then first thing is not to panic. You should regain focus and bet on the next match with 400 dollars. At this point you would have already lost 100 dollars from the first bet and 200 dollars from the second bet. Using 400 for the next bet means you would have already used a total of 700 dollars without any guaranteed win.

Do not worry about the racing heart and the butterflies in the stomach, these are completely normal for majority of gamblers. After all, the adrenaline is part of the deal whenever you decide to engage in betting. Now place the 400 dollars for your next bet and have your fingers crossed. In case of a win you will get 800 dollars. That will cover your losses and still make you some 100 dollars’ worth of profit.

In most cases you may not lose 3 bets in a row when using this strategy. The most likely scenarios would be alternating wins and losses or winning two consecutive bets and losing 2 consecutive bets. If that was the case always, at no point would you need the next step.

Keep doubling the stake until when you win in which case you return back to betting with 100

It would not be farfetched to lose 3 consecutive bets. This will indeed mean that the 4th wager will have to be considerably larger than the 3rd wager amount. It is mathematically clear already that doubling the bet amount is the only way to have the possibility of winning back all the amount you have lost in the failed bets. In this case you will need to use 800 dollars in order to fully recover and make 100 dollars profit.

I believe you have already figured out that the Martingale strategy can quickly get cruel and unforgiving if you unfortunately go through a losing streak. Most people who have used this strategy before advise that you should have quite a lot of money to be well prepared for the possibilities of long-running streaks of losses.

DISADVANTAGES OF THE MARTINGALE STRATEGY

THEORETICALLY, IT’S PERFECT IF YOU HAVE AN UNLIMITED SOURCE OF FUNDS

To be fully prepared for this strategy though means that you should have a theoretically limitless bank. As you may have already seen, you may need as much as thousands of dollars’ worth of capital if you face a losing streak of more than 10 bets.

This therefore is the greatest disadvantage of the Martingale strategy. No one on earth can say they have a limitless amount of money to bet with.

Most people who face a losing streak end up abandoning the strategy because they are unable to raise the amount needed for the next bet.

BOOKMAKERS CRIPPLE THIS STRATEGY DUE TO WAGER LIMITS

Assuming you start your bet with 500 dollars per wager and lose the bet.

• The second bet will need 1000 dollars

• 3rd bet will require 2000 dollars

• 4th bet will require 4000 dollars

• 5th bet will require 8000 dollars

Now assume that bookmaker X which is your favorite bookmaker has a limit of 500 dollars on the amount you can stake in one bet on their platform. This therefore means that your fourth bet will be your last on that bookmaker’s platform. Any bigger wager will not be accepted. That means your journey with the Martingale strategy will come to an end.

You may try a different bookmaker but it won’t be long until you also hit their upper limits if your losses continue. It may even reach a point where your account may be frozen for investigation. That is a point I would not want to advise you to get yourself into.

TIPS ON GETTING IT RIGHT WITH THE MARTINGALE STRATEGY

It has been already established above that this strategy can be successful if you do not face a crippling losing streak. A long standing streak of losses is the ultimate fear of the majority (if not all) Martingale users. The points below may help you get avoid such long evil losing streaks:

• Make sure you research your bet before betting. This is ideally done a day before the action day. Get all the information you may need or even get some professional advice or tips. Some professional betting experts prepare daily matches for martingale users. Surebetsite, for instance, has a whole division dedicated to Martingale strategy users. Their martingale matches have odds of between 1.9 and 2.5 and the win rete is over 90%. At no point you can face a losing streak with Surebetsite’s Martingale tips.

• Use a book maker with high odds. Some bookmakers have a tendency to give higher odds than others. Make sure you do your research and compare bookmaker’s odds to see which one is more generous. Find out if their generosity is consistent and persistent then decide to stick with them. Those few odds you enjoy on top of what other bookmakers give can make a big difference in your profits.

CONCLUSION

The Martingale strategy is not only simple and potentially very profitable but also quite sensible. It is easy to understand the basis of this strategy and adoption should not be a hard decision to make. I would only hope you do not come across an angry losing streak that could potentially wreak havoc to your bank account. Look out too for betting amount limits on bookmakers in case you are a “whale”.

Al in all I wish you all the best in your betting endeavors and while you use the Martingale strategy. Please leave a comment bellow and let us know what you think of this strategy. I case you need some martingale odds or advise you can always contact me at lamechnyands@gmail.com or on WhatsApp on +254700926210.