The Martingale system
The Martingale systemThe Martingale system is a very old and extremely simple betting system. It is based on the probability of a long series of consecutive losses and its supporters rely on the notion that no losing streak can last forever. For the purpose of the Martingale system, bets are usually used with odds of 2.00 or very close to it. There are also varieties with higher odds, such as betting odds (these odds are in 99% of cases over 3.00), but the risk increases significantly.
So how does the system work? Each time you lose a bet, you have to double your previous bet and keep doing that until you win. The theory behind this is that when you finally get the fiche, the win will cover all previous bets and will have a bonus of one unit as a bonus.
You start with a bet of one unit (say, 1 lev). If you win, you start again with a bet of one unit. And if you lose, you double your bet (that is, this time you bet $ 2). Each time you lose, you double your previous lost bet. When you eventually win, no matter how much you lose this stake, you will kill all your losses and you will make a profit of one unit.
Although in theory the system is impenetrable and can not be profitable, there are practically several piercings that you need to keep in mind before you start using it.
First of all, Martingale requires a sufficiently large bankroll (money earmarked specifically for bets). The system can be really flawless if the following two factors are present:
1. You have an unlimited bankroll
2. You can find out who will accept all of your bets
Of course, this is impossible. Even if you have all the money in the world, there will be no one to accept your bets if their size reaches millions (which is theoretically possible if your losing streak continues very, very long). Bookmaker Houses have limits on the maximum bet that can be placed on a match. If your money runs out or your next bet exceeds the bookmaker's limit, you will lose a lot of money without having a chance to get it back. For this reason, the system can not be called completely risk-free, as many people call it.
Martingale is rather a system that allows you to control your bets. Its nice side is that through her you can be a player who loses most of his bets, but still earns money. However, you must carefully see how much money you have to play with this system and calculate how many wrong steps you are entitled to. In fact, the chance to lose 10 consecutive bets with a 2.00 odds ratio is extremely small.
Example of using the strategy:
1. You bet $ 1 and win. You keep betting $ 1 until you lose, then you bet $ 2.
2. If you win your $ 2 bet, you return your next bet to the level of $ 1. If you lose, then you go to a bet of $ 4.
3. If you win your $ 4 bet, return your next bet to the level of $ 1. If you lose, then you go to a bet of $ 8.
4. If you win your £ 8 bet, you return your next bet to the level of $ 1. If you lose, then you go to a bet of $ 16.
5. If you win your bet of € 16, you return your next bet to the level of $ 1. If you lose, then you go to a bet of $ 32.
6. Etc.
Following this example, let's say you have found a match with odds of 2.00 for a home win. You bet £ 100 for it, but the match ends in a draw and therefore you lose. The next time you bet 200 leva again in a match with a factor of 2.00. If your bet is still losing, you have to wager 400 leva and this again should be at a factor of 2.00. If you win this time, your win will be $ 800, and so far you have bet 100 + 200 + 400 = $ 700. That is, you have earned $ 100 for your efforts. This amount is equal to the amount you would have received if you had won your first bet. That's exactly what the purpose of Martingale's system is - winning every bet, even if the success does not come from the first attempt.