What is the Martingale System?
The martingale system is an old-fashioned way off betting which gives you a higher percentage of winning than you may have before. It is not used as much by people anymore, but it was one of the first-ever ways of betting that came around. The system is a way of making money, despite the number of times you lose leading up to it.
The martingale system is something that was very popular all the way back in the 18th century in France, and people used to do it with just a flip of the coin with heads being an in and tails being a loss. You did not get the decision on what side you wanted it to land on. It is a system which makes you double your stake every time you lose, to make sure that when you win you are still receiving a profit.
How it works
How it works
The easiest way to explain the martingale system is by giving an example. So for this, we will use roulette as an example and a starting price of £10. Right, to do this right, you need to place £10 on an even money bet (1/1 or 2.0). On a roulette table, both black and red or events, so you can choose your preferred colour and place £10 on a bet. I will use red. If it does land on red and you win, you will receive £20 back. Then you will place the same £10 bet on another the same or a different colour. If it keeps winning, you keep making money. However, if it loses, for your next bet, you will have to double your stake, so put £20 on. If you keep losing, you will have to keep doubling it. Sooner or later you will strike a win, and whenever that is, you’ll still be making a profit out of £10. It may take a while to win, but if you have the money to go on and on, you will still get a profit when it finally wins. Once you have a win, if you feel the need to carry on, you will go back to your original stake. I will give you a quick structure on how it works. On a roulette table, you have a 49% chance that it will land on either black or red, as there is a small chance it could land on the single green.
Bet 1 – Stake £10 – Lost
Bet 2 – Stake £20 – Lost
Bet 3 – Stake £40 – Lost
Bet 4 – Stake £80 – Lost
Bet 5 – Stake £160 – Lost
Bet 6 – Stake £320 – Win – Returns £640
Bet 7 – Stake £10 – Lost
Bet 8 – Stake £20 – Lost
And it can go on and on, but this should give you a clear idea of how it works. If you add all of the first 6 bets stakes up, that will give you £630, meaning you are still making a profit of £10.
Although this sounds like you will always make a profit, you’ll need to be very careful. This is something that works very well in the short run as you can make a good profit from successive wins, but if you hit a run of losses, you will soon know about it. If you start on £10 and hit a run of 13 loses, you will be down a massive £40,960. But that isn’t the biggest worry. If you hit a run of 7 losses, you could find yourself not being able to bet anymore, as, at most casinos, they have limits of around £1000. You may find somewhere different, but when you’re starting on £10 on a table, they often have limits. This would see you over £600 down and without a way of recovering it unless you guess the next one correctly.