Martingale system is invented by casinos. This wagering system is based on doubling your money after each loser bet and turning back to the first step after each winner bet. For instance, you staked 10$ on a %50 chance bet with 2.00 The odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won.. If you lose the bet, you place X2 of your previous The amount a player bets on a match.. You lose the 2nd bet too? So, you go on doubling your stakes until you win a bet.
Martingale strategy example
Lets assume that you are expecting a profit of 10$.
STEP 1 1st Bet – Stake 10$ = Lost
STEP 2 2nd Bet – Stake 20$ = Lost
STEP 3 3rd Bet – Stake 40$ = Lost
STEP 4 4th Bet – Stake 80$ = Lost
STEP 5 5th Bet – Stake 160$ = WON (So, we go back to the first step = 10$)
STEP 1 6th Bet – Stake 10$ = WON (We won again. It means we go on with first step)
STEP 1 7th Bet – Stake 10$ Lost (We jump on Step 2 for next bet
STEP 2 and so on.
As you can see above, we won the 5th Bet and our profit will be 160$-(10+20+40+80)$ = 10$. It is the rule of Martingale strategy. You get the same profit after any win anywhere. We won the 6th Bet too. Our profit is 10$ again after this winner bet. If we cannot win until 7th Bet, our total wager will be 1270$ (10$+20$+40$+80$+160$+320$+640$). Losing 7 in a row is not impossible and I am sure it can happen to even very best punters in long term.
The martingale strategy is mostly used on roulette, betting on colours and is based on probability which theoretically is 50%.(only for a large number of the series)
Conclusion – Why to avoid Martingale
Nevertheless, a lot of punters use this strategy or something based on this as their premier wagering strategy. Maybe they don’t know how it is dangerous. We never suggest our members to use this system. This is absolutely non-sense and any Is the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'. is absolutely happy when his members use this. In long term, there is no possibility to win money by Martingale.
Bookmakers have their wager This are the limits within a player can bet. These limits are determined by the Bookmaker, which determines the minimum and the maximum bet on each wager. and they will not let you wager more than limits or you will bankrupt without a final winner bet.