The Martingale Strategy is a simplicity and logic-based gambling method that is easy to understand. It is so well known that almost every player either learned of the theory or used in their play a variant of the Martingale System.
The Martingale System’s often asked question is, can you use it?
Players have been looking for ways to beat the games and make winning a formality for as long as there has been gaming. In our favour, we all want to push the edge and guarantee wealth and winnings.
Even if it’s trying to count cards in a live casino or poker table range, our endless pursuit for+ EV situations leads us to find anything and anything else that might give us an advantage.
The Martingale System remains a subject of gambling controversy with thousands of articles being written about it. It has never been disproved irrefutably except to mention its inherent limitations.
Where is the Origin of the Martingale System?
The method is thought to have originated in 18th century France. Because of its use, games rules had to change to drive the edge back to the casinos once and for all.
Roulette’s game has the green number zero on its wheel. It means the player will never play “red or black” with a mere 50% chance of winning. The casinos also use table limits to give only a limited number of chances of winning to the Martingale players.
How does this system work?
In a game with only two possible results, such as flipping a coin, just double the stake every time you lose before you win. That’s what it is! If you win, you go back and continue to your initial stake.
With only two possible outcomes per game, every time you spin the coin, you have a 50 percent chance to win. Logically, before you guess correctly and win, it shouldn’t be too long. Whenever you lose, you double your stake, when you win; you recover your losses and go one point ahead.
Here’s a case in point. A buddy asks you for £1 a turn to flip a coin. You agree to use the Martingale System, cunningly hoping to slowly win £1 every time you win, leaving the eventual defeats meaningless with your use of the Martingale System.
It starts poorly, with four times in a row you guess wrong before you win. You’d have four losing spins of £1, then £2, £4 and finally £ 8 at £1 per point. Before you won the fifth spin for a £16 profit, you lost £15 on the first four spins, putting you forward by £1. The game is going on.
Is the viability of the Martingale system?
You may believe the chances are in your favor any time you use the Martingale Systembecause you have a 50% chance of winning, so you should win half the games, right?
Well, wait a little while. That’s half the mentality of the glass, but there’s also a 50% chance you’re going to lose too. Any time you play with two possible results, the chance to win or lose stands at 50%.
Losing runs are happening and the longer you’re playing, the more likely you’ll find a losing run. Casino gambling caps and the size of your own bankroll limit the opportunities to play for that coveted victory in the real world.
The Martingale Model player would have to bet £512 to win £1 after 9 losing bets at £1 per point. Not many gamblers would be comfortable with this kind of risk for so little reward and it is worth noting that even with 9 losses, the chances of winning this bet stubbornly remain at (only) 50 percent, you guessed.
While you may make small gains using Martingale, your losses will rise very quickly when you hit a losing streak.
Risk Management in Martingale System
The player may correctly note that risk management is a key part of developing a betting strategy, despite its inherent risks. Armed with the Martingale System’s knowledge and what can go wrong in the worst-case scenarios, players can still use a progressive system to give their betting structure.
Here’s an example of a “reverse Martingale scheme” which brings pleasure to somebody’s gambling: a friend of mine has £ 100 per month that he’s happy to spend on betting. He employs tight bankroll supervision, making himself at £ 10 stakes 10 bets per month.
Once the money is gone, he will no longer bet until the following month. He wagers on sports matches where at odds of 1.5 (1/2) there are two results.
Each time he wins, he reinvests in the same odds the £ 10 stake plus the gain from the previous bet. If he has six winning bets in a row at odds of 1.5, he earns around £ 115 and proceeds to his next bet of £ 10.
If he fails in the six bets at any point, his net loss is his earnings plus his initial £ 10 deposit. One winning run of six bets sees him winning the month as well as giving him more bets to follow and cheer on.
Will You Use the Martingale System Now?
On paper, the Martingale System looks good, but your search for that important edge is not over yet. Know Martingale’s design is about avoiding risks that are always unpredictable. For this reason, as part of your long-term betting strategy, we would not recommend using the Martingale System.
But, if you’ve got the bankroll and you’re looking for a bit of fun, in a carefully thought-out plan, there’s room for a little Martingale play where you can level the swings and give luck the opportunity to come out in your favor.