There are many betting strategies out there in the wild and probably one of the most famous ones is most definitely the Martingale.Most strategies originated in France which is of no surprise to me seeing as that so much originated from there throughout history. The Martingale System originated in France during the 18th Century and is today still very popular. The system was designed to help the punter build up his gambling fund while winning. Originally, martingale referred to a class of betting strategies that was popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins their stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double their 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 Betting System was developed in 18th century France. It was actually part of a group of betting methods that were classified as “martingale.” Today, Martingale refers to a relatively simple sports betting. Sports Betting Martingale Considerations. What if I told you that you could use a system to lock in a win consistently while betting on sports? Furthermore, what if it was using a system that all of the 'experts' swear won't work? Most gamblers are familiar with the Martingale betting system, even if they don't know it by the correct name.

  1. Martingale Bet
  2. Martingale Gambling Strategy

Introduction

There can be little debate that the Martingale is one of the oldest and most popular betting systems. The siren's call of the Martingale has fooled many gamblers as it usually results in a session win. However, everybody has a finite supply of money and eventually the Martingale will take down even the biggest of bankrolls.

Rules

The following are the rules of the Martingale.

  1. The Martingale is generally played on even money bets.
  2. Start by deciding what your winning goal is and your bankroll size. The great the ratio of bankroll to winning goal, the greater your chances of a session success are.
  3. To make the math easy, the ratio of bankroll to winning goal should be one less than some power of 2. For example, 7, 15, 31, 63, 127, 255, etc.
  4. Your first bet should be your winning goal.
  5. If the result of your last bet is a win, then you have achieved your winning goal and may quit.
  6. If the result of your last bet is a loss, then double your next bet size, if you can.
  7. If you can't double your bet because you're busted, then walk away broke.

In other words, keep doubling your previous bet, until you win. As long as you can keep doubling, you will achieve your winning goal eventually. No matter how many losses precede a win, you will achieve your winning goal exactly.

Let's look at an example of a player with a $100 winning goal and a bankroll of $6,300.

  • His first bet is $100, which loses.
  • His second bet is $200, which loses. He is now down $300.
  • His third bet is $400, which loses. He is now down $700.
  • His fourth bet is $800, which loses. He is now down $1,500.
  • His fourth bet is $1,600, which loses. He is now down $3,100.
  • His fourth bet is $3,200, which wins. He is now up $100.

I don't think there is an official procedure if the player doesn't have enough money to double his last losing bet, but still has some money. I suppose what most players would do is bet it all. Then, keep betting the lesser of (1) whatever would be needed for achieve a session win and (2) everything left until either ending marker is achieved.

What to Expect

The following tables show what you can expect to happen under different bets and bankroll sizes. Below is an explanation of each column.

  • Maximum Bets — The number of losing bets you can afford to lose.
  • Bankroll Units — This is the ratio of bankroll size to winning goal. It is equal to 2maximum bets - 1.
  • Probability of Success — Probability of achieving winning goal.
  • Average Wins per Loss — Number of units the player can expect to win between losses, assuming he keeps starting over after each session win or loss.
  • Probability Doubling Bankroll — Probability of doubling the needed bankroll before going bust, assuming the player keeps starting over after each win.

The first table is based on the Player bet in baccarat. Not counting ties, the probability of the Player bet winning is 49.317517%.

Baccarat — Player Bet

Maximum
Bets
Bankroll
Units
Probability
Success
Average Wins
per Loss
Probability
Doubling
Bankroll
370.8698116.6811520.376682
4150.93401714.1554370.359188
5310.96655828.9027120.348392
6630.98305158.0000940.340634
71270.991410115.4112140.334315
82550.995646228.6872740.328694
95110.997793452.1886770.323417
1010230.998882893.1722070.318315

Let's look at the situation of the player being able to make up to six losing bets in a row. That would require a bankroll of 63 times the winning goal. The probability of achieving the winning goal of one unit is 98.3051%. If the player did this over and over, he could expect an average of 58.000094 winning sessions for each losing session of 63 units. Note that the loss of 63 units is greater than the 58 wins between losses. Finally, if the player keeps repeating this until he doubles his bankroll, one unit at a time, or goes broke, his probability of doubling his bankroll is 34.0634%.

The next table is based on the pass bet in craps. The probability of the pass bet winning is 244/495 = 49.292929%.

Craps — Pass Bet

Maximum
Bets
Bankroll
Units
Probability
Success
Average Wins
per Loss
Probability
Doubling
Bankroll
370.8696226.6699840.376108
4150.93388914.1260630.358450
5310.96647728.8302840.347486
6630.98300157.8286480.339557
71270.991381115.0166560.333066
82550.995629227.7977870.327272
95110.997784450.2147590.321822
1010230.998876888.8458400.316547

The next table is based on the don't pass bet in craps. The probability of the don't pass bet winning, not counting ties is 949/1925 = 49.298701%.

Craps — Don't Pass Bet

Maximum
Bets
Bankroll
Units
Probability
Success
Average Wins
per Loss
Probability
Doubling
Bankroll
370.8696666.6726030.376243
4150.93391914.1329520.358623
5310.96649628.8472680.347699
6630.98301357.8688430.339810
71270.991387115.1091410.333359
82550.995633228.0062470.327606
95110.997786450.6772800.322197
1010230.998877889.8593900.316962

The next table is based on any even money bet in single-zero roulette. The probability of an even money bet winning is 18/37 = 48.648649%.

Single-Zero Roulette — Any Even Money Bet

Maximum
Bets
Bankroll
Units
Probability
Success
Average Wins
per Loss
Probability
Doubling
Bankroll
370.8645886.3848960.361132
4150.93046413.3811130.339231
5310.96429327.0053250.323946
6630.98166453.5366850.311640
71270.990584105.2030190.300746
82550.995165205.8164050.290553
95110.997517401.7477360.280730
1010230.998725783.2982230.271123

The next table is based on any even money bet in double-zero roulette. The probability of an even money bet winning is 18/38 = 47.368421%.

Double-Zero Roulette — Any Even Money Bet

Maximum
Bets
Bankroll
Units
Probability
Success
Average Wins
per Loss
Probability
Doubling
Bankroll
370.8542065.8590000.331848
4150.92326612.0321000.301929
5310.95961423.7609900.278607
6630.97874446.0458810.258320
71270.98881388.3871740.239598
82550.994112168.8356300.221820
95110.996901321.6876980.204736
1010230.998369612.1066260.188263

Video

Please enjoy my video on the Martingale.

Summary

Martingale betting method

If you want to maximize your chances at a session win, then your chances of achieving it are best with the Martingale. This is at the expense of very short sessions (so less fun playing) and abject disaster when things go bad.

Like all betting systems, not only won't the Martingale eliminate the house edge, it won't even dent it. The expected ratio of losses to amount bet will approach the house edge the more you play. If you must use a betting system, please use a free one like the Martingale. Never pay for one, as they are all equally worthless mathematically.

Internal Links

  • The Truth about Betting Systems.
  • Labouchere betting system.
  • Fibonacci betting system.
  • D'Alembert betting system.
  • Oscar's Grind betting system.

Written by: Michael Shackleford08:34
04 Feb

Most regular punters are familiar with the Martingale strategy, even if not by its exact name. Even today, when nearly all of us have access to incredible computers with an inexhaustible supply of information on every topic, there is still debate on this betting strategy.

Casino fans around the world have all heard of this system. The casinos found on https://www.slothits.com/free/ have no doubt all been used to experiment with the strategy over the years.

There is also debate on the difference between theory and practice. Some argue that the Martingale strategy only works on paper but doesn’t stand a chance in the real world due to the large bets that are sometimes needed.

History and How it Works

So what is the Martingale betting strategy and where did it come from? You might be surprised to hear that it is in fact from France in the pre-revolutionary era. It was a massively popular strategy amongst roulette players from that same time period.

The key to the Martingale betting system is to use it in a game where the odds of success are in the region of 50% every time. If you win the bet then your next bet remains the same size. On the other hand, if you lose then you double the bet size.

This doubling gives you the chance to win back your lost stake from the first bet. If you win the second bet then you reset your bet size back to the original size and the system starts from the beginning.

If you win your first bet your bet size remains the same. It only increases after a losing bet.

Martingale Bet

Sounds easy, doesn’t it? After all, what are the chances of not hitting a win once every few bets. If only it were so simple.

Games to Use the Martingale Strategy on

The classic example for the Martingale system is betting on red or black on a roulette table. This is as close to 50% as you will likely see for a game. The exact odds are 48.6% for European roulette and 47.4% for an American wheel where there are a green 0 and 00.

Blackjack, baccarat, and craps are all suitable as well.

Martingale Gambling Strategy

Some of you might already be thinking about sports betting using this strategy where the odds are rarely 50%. As you will see below this is not as simple as you think.

Issues with the Martingale Strategy

The principles of the Martingale betting system are as sound as you could wish for. Mathematically, everything checks out just fine. The problem is that people massively underestimate just how often bad runs happen.

Most gamblers, particularly those who never look deep into any betting related mathematics, would assume that in almost every case a result such as seven or eight in a row losses would be the worst expected run. Free spins no deposit new casino 2020.

Could you imagine a roulette wheel landing 10 or more times in a row on red? Well, it does happen, and a lot more frequently than you expect.

The other issue is the huge sums required to keep the system going, and not to mention that fact that it might get difficult to get your money on in the first place if the bet is massive.

Martingale gambling

Imagine using this system for horse racing where you bet on the favourite every time. It sounds unlikely that a series of races would extend by more than a few until a favourite won, but again, it does happen frequently enough.

If your unit size is $1 and you lose 11 bets in a row, you will have to bet $1,024 just to clear your losses. It’s up to you if you have the stomach to hold out on such a streak. We wish you luck!

Summary

If you try the Martingale strategy out, a couple of things are guaranteed to happen. Firstly you will experience some massive streaks of good fortune, and you also receive a vivid wake-up call about the reality of how often your luck can turn sour and for how long.

Appreciate that there is a reason why this system isn’t being used by all and sundry.

Before you try any kind of new betting strategy, you should do a test using play chips. Don’t forget to check out SlotHits for some casino suggestions where you can try the games out for free.

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