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Betting strategy Martingale

This is one of the most popular betting strategies used by sports bettors, but is equally favoured by gamblers in a casino. The Martingale betting system comprises of a group of methods with the simplest form that came into existence in the 18th century in France and was used by gamblers to win a stake when a coin was flipped with heads as winner and tails as the loser. One would double the bet if he lost, so that when he won, he would be able to retrieve his money as well as make a profit that was equivalent to the original stake. It was believed that those who had the funds to double up their bet and back their selection even after consecutive losses would for sure make a profit sooner or later.

It can be said that the Martingale method enhances your chances of winning big, but the losses that it can bring before that can be quite drastic. However, the strategy does not work in every kind of situation and therefore, like all other betting strategies, must only be applied if you think that it will work. Also, it is best to use it for short-term benefits instead of applying it for long-term gains, as it can be quite devastating to your bankroll if you rely on this strategy too long. This is because your winnings will be small and your losses will be high and if you do not keep control of it, you might lose too much of your funds in the process.

While some punters believe in it, skilled bettors think that using the Martingale is just bad money management, as investing in a probability that is dicey, is like pouring your money into the drain. Having said this, I would like to add that irrespective of the fact that the possibility of making a profit is very small, the Martingale strategy is still quite popular amongst sports bettors. It is also a strategy that is widely used in the casinos. To understand the Martingale theory better, let us take a look at how this intriguing technique works and how wins are calculated when we employ this betting strategy.

The process is quite simple to understand, but it needs full knowledge on your part while employing the method. It should be noted that the method is intended for even bets that are considered to be hits 50% of the times. Suppose a punter has a bankroll of $1,000 and he decides to place a bet of $100 in an early afternoon event, say a football match. He loses the bet and decides to double up the bet and put $200 on the late afternoon match. This time he wins. What he gets as payouts for his win is $200 plus the original stake of $100. He now goes back to betting his original $100 bet on the following games until he loses again and has to bet $200 to make up for the losses. This is a pure example of a Martingale.

The system seems very easy to manage and you can see your money coming back too, but it certainly is not the most feasible betting strategy. Why? This is because it can reduce your bankroll in no time. How? Supposing that instead of winning the second bet, the punter lost that one too, his bankroll would already be lighter by $300. If he now happens to place a bet on the night game, it would be of $400 and in case that is a failure as well, the punter’s bankroll will have gone down to $1,000 – $700 (losses) = $300. With only three losing bets, the punter’s bankroll has been cleaned out by nearly 75% of the total. This implies that although the Martingale may have the probability of earning you profits, it is not the best strategy to rely on.

You may bet small amounts and fewer bets instead of pursuing your losses and losing more money in the process. For instance, you could try with a $10 or $20 bet out of your $1,000 bankroll, if you really want to try your luck with this strategy. However, when you calculate the losses, you may find that it has done considerable harm to your bankroll. For example, you bet $20, which when lost will mean a next bet of $40. If that were lost too, your following bet would be of $80 and then $160 on the night game. By now, your bankroll has gone down by $300, leaving you with $700. You attempt one more time and this time the bet is of $320. If you lose once again, your bankroll is reduced to $380. The logic behind this is that chance that you will make double your money from a win is very thin in comparison to what you have lost.

The perception that losses and wins are evened out in the Martingale theory is a far-fetched notion, as this way is not guaranteed. Since the bets are not connected in any manner, their outcomes have no influence on the outcomes of the other bets. So to think that you might make good profits by doubling your bet, will not necessarily turn out as you think. Similarly, some bettors use the anti-Martingale theory where they double their bets every time they lose. However, this strategy faces the same consequences as the Martingale and therefore is as non-feasible as the former.

You must keep it in mind that it is impossible to recover your lost bets by doubling your following bet. This does not mean that you will lose every bet, but you must know that there will be more losses than there are gains, so think rationally before you use the Martingale. Sports betting can be quite challenging, but if you know your strategies well and are good at handicapping, you can turn out to be quite a good punter. However, if you decide to pursue bets that have very few chances of recovery, very soon you may not have enough money to fund your bets. Caution, sharp thinking and wise money management are the success to your betting career.

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