As long as gambling has existed, so too have strategies attempting to overcome the ‘house advantage’ and maximise wins. The Martingale betting system is one of the most common and simplest of them all. By unpacking its various pros and cons, you can decide if you would like to apply it to your next gambling endeavour.
Martingale Betting System
The Martingale betting system is one of the most common betting strategies for a reason – it is based on a home truth; that no one can lose ALL the time. The concept is simple – to double your wager after each consecutive loss and, upon winning, to go back to your original bet. By consistently betting more, this ensures that players recover all previous losses (and a small profit) with their first win. Often referred to as the ‘double-up method’, it is most commonly used on even chance bets. Thus, it is best suited to casino games such as roulette and blackjack.
Advantages of the Martingale betting system include that it’s;
Simple & Easy to Apply
Due to the fact that you’re simply doubling your bet with each consecutive loss, the system is very easy to understand, apply and keep track of.
Good for Large Bankrolls
If you have a large bankroll, you can never really lose. By increasing your wager with each loss (which theoretically could go on forever), you are ensuring that you will eventually win back all your money.
Good for Beginners & Experts
The system is good for beginners to recoup their losses, as well as more experienced players using it as a progressive betting strategy.
Based on mathematics, the player will eventually win. This is especially true of even bets (where the player theoretically has a 50% chance of success).
Good for Short Term Bets
This ensures small, consistent wins rather than having to double your wager on major consecutive losses.
Disadvantages of the Martingale betting system include that it’s;
Good for Simple Bets Only
The system works best where there are only two possible outcomes. Thus, betting on colours, odd or even, or high or low value numbers in roulette is one of the most common applications.
Bad for Small Bankrolls
An unlucky run could potentially bankrupt players with small bankrolls before they’re able to recover their losses.
Limits May be Capped
Furthermore, certain casinos place limits on how much gamblers can bet. This amount may be less than what you have lost up until this point.
Bad for Long Term Bets
The longer you sit at the table, the more losses you will accumulate. Long-term bets could result in exorbitant amounts that need to be wagered.
The Martingale betting system is one of the most statistically reliable gambling strategies. If you have a medium-large bankroll, place small incremental bets and can keep a cool head, it may just be your golden ticket. Test it out here!