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How the Martingale betting strategy works

How the Martingale betting strategy works
The Martingale strategy in sports betting is one of the best known methods.
by Academia   |   comments 0

Today we will talk about the Martingale strategy in sports betting, a method well known in the world of betting and that every bettor at some point in his life has already used (or still uses). We will explain how this technique works, its characteristics, risks, returns, because at the same time that it has an appreciation for some, it causes chills in many other bettors.

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This technique has the main idea of ​​betting in an aggressive and courageous style, increasing the values ​​wagered for each lost bet, and in a progressive way, with the objective of quickly recovering what was lost, and if possible with a profitable balance. It was introduced in sports betting coming from Casino games, mainly roulettes.

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The technique is as follows (let's assume the odds are 2.00):
 
- Bet 20$ on red, but black came out: lost bet;
 
- In the next round, it doubles to 40$ in red, but again comes out black: second bet lost;
 
- Now you will have to go further, putting 80$ in red, and finally the desired color comes out: you just won 80$. Subtracting the 60$ lost from the previous rounds, you made a final profit of 20$, the same stake as the initial round.
 
You can see that the risk involved in this strategy is evident, at the same time that it offers a return on the loss in a period of time that you probably cannot achieve using other methods. We can say that in statistical terms it is feasible to apply it, but its implementation is not limited to success, as it requires a generous amount of money in your bankroll, and in case of consecutive reds, you will probably lose everything, resetting your balance.
 
In this example, we started with 20$, but have you ever stopped to think if it was 100? In the third round you would be betting 400$, with no guarantee of victory. For this reason, whoever is prefers a safe bankroll management and moderate risk, does not have the characteristics of using Martingale. In addition to the high volume of money in banking, you will also need to rely on bookmakers' limits, in addition to the time of the match, depending on the market you are operating in.
 
In sports betting, it appears as an (apparently) interesting possibility, even when bettors are unable to pull out an expected positive value from that specific bet, since in case of victory you will recover the losses and make profits immediately. But in the end it is not quite like that.
 
In a football match you have the possibility to use this method in several markets, because what matters is that you use it within the characteristics that it proposes. It is common to see Martingale being used in the corner market, mainly in bookmakers that offer the minute market. If there is no corner in that interval (from 10 min to 20 min, for example), you increase your bet (from 20 min to 30 min) by an amount that is sufficient to recover the lost bet and still make a profit. In addition, many prefer to play in the 1x2 market, either in the victory of a team or in the option of draws, since you must be thinking that it is impossible for a team not to win or not to draw any game during the championship.
 
We will not be tied to a specific market, as our idea is to show that regardless of where you operate, the risk will be accompanied. Mathematically, Martingale is a time bomb, because in the event of successive lost bets it will become a snowball, making you use astronomical values ​​for a very low return.
 
Anyone who has extensive experience in betting claims that, although tempting, it is a very dangerous illusion. Those who do not have great knowledge of probabilities and the ability to operate bets end up using this technique because it is easy to understand, but their chance of ruining themselves financially is huge. On the other hand, they argue that those who are trained in this segment do not need to use this method, as there are several other methods to be explored.

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