We are certainly in a very rough year for all of us, so we could all use a break and a bit of luck. There is no surprise that in the year 2021, betting and gambling around the world have had quite a boost. But if we want to make some real profit, and not just have a little fun, we can not solely rely on luck. There are a lot of gambling schemes and sport betting methods that people are using to try to cheat the system.
Probably the most famous of them is the Martingale strategy, which originates in 18 century France and is still popular around the globe. So if you want to find the best option for sports betting, simply check out sportni-portal.com and find the best possible selection of bets. But we are not here just to find good bets, but to see are there good sports strategies you can use to maximize the profit.
So let us try by explaining what Martingale strategy is. People like using it in roulette, so we will use that example. Let us say you bet five dollars on red, and it is black. The strategy is quite simple, the next thing you say is, I will bet double on red again. The idea is that no bad streak lasts forever, and sooner or later, you will be recovering all of the previous losses. So the profit will not be that large, only those first five dollars, when the initial bet is a good one. So on the surface, it looks bulletproof, right?
In terms of sports betting, it the Martingale strategy has little value. We at ThePuntersPage would like to assume that sports betting is not gambling in the strict sense of the word. Rather, it is intelligent risk management. The Martingale sports betting system is the type for the optimists. It is based on the thinking that you cannot lose forever. Luck will be on your idea one way or another. In contrast to the Paroli system, the Martingale lets you double your bet when you are on a losing streak. When you finally win, you go back to the initial wager you have made. The Martingale Strategy is a common one in sports betting. Some sports bettors even do it subconsciously, unaware of the fact that their wagering system is extremely familiar. Almost every successful sports or casino bettor has a strategy or system of some kind. The Mini Martingale strategy is another variation of its namesake and is based on the same principles. It limits the number of double-down bets to stay away from big losses. However, this version of the system also faces a problem; the player may not recognize when it is appropriate to stop betting.
Well, not really, because losing streaks can be much longer than what our instincts tell us. Doubling the bets means the money we have to invest is growing exponentially, which means things can go out of our hands faster than people anticipate. No one can sustain betting those amounts forever, so while you will profit from those initial bets for a while, all it takes is one bad streak and losses be higher than your gains were. So the risk is that you will lose all the money you have. But how do this tactic transfers to sporting bets?
So there are a couple of points we need to go over with when it comes to sports and Martingale. The first in math. In roulette, the odds are always the same, so it is easy to double the bets. When it comes to sports odds, they will be adjusting to your bets. So we could even try out this tactic. So the money we are betting might not always be double of the previous amount, might be a bit less or a bit more. The important thing is that the potential winning of your bet will regain all of the preceding failures. Now, we see how we can adapt the Martingale system to sports betting but is it a good idea to use it at all?
So the original tactic has a problem that eventually, you will run out of money to bet and recover all of the losses. That is a big problem in roulette, where odds are already not in our favor. After all, the house always wins, right? So if even a pure flip of the coin with exactly 50 % chances of coin-flipping one side can go wrong and bankrupt our Martingale player, when it comes to roulette that already has like 5% of chances it goes green, our problems are even larger. But what about sports? After all, bookkeepers wouldn’t even be able to design their odds if games were an utter coin-flip. There is a lot more skill when it comes to predicting sports results.
Probably the best way to fully understand the application of this method in sports is to go through some examples. So let us say we want to bet on basketball, and our first bet is 10 dollars on a low odds of 1.3. So while we picked a favorite, we still lose. So for our next bet, we try a different route. The odds are 3, so we are trying something that is far less likely to happen. To recover our ten dollars from the earlier wager, we need to bet three dollars and thirty cents. Notice how because the odds are higher, we are not even increasing money we are wagering.
But, we miss our bet once again. Now we lost a little over 13 dollars. The next thing that catches your eye has an odd of 1.5, so the money you need to wager is around 9 dollars. We lose again. So we try something with odds of 2, and we wager a little over eleven. Unfortunately, we missed again. We try out another 2.5 odd with a wager of around 14 dollars. After that fail, we have lost a total of around 50 dollars. To break even, you try out another favorite, take odds of 1.4 and bet 35 dollars. With that win, all of the money you lost is back in your pocket.
So long story short, it all depends on two things. How deep are the pockets even before the betting starts, and are you good in it? Sooner or later, the latter is going to happen. That is a fact when it comes to coin-flipping and 50% chances. On the other hand, luck is a small part of the sport, and therefore, understanding sport can give anyone an edge. Another option is intriguing if you are a big fan of some team, and that team is good, you can try out this system. It is not likely that someone like the Lakers in the NBA is going to go on a losing streak, so can they will win a game the wager is on and help us out, right? It all depends on how much money we already have and how much risk we are willing to take. Another thing to keep in mind is, is there a betting limit on wagers? Because that could make our infinity scaling impossible.
Does the Martingale Betting System Payoff?
The Martingale Betting System was developed in 18th century France. It was actually part of a group of betting methods that were classified as “martingale.” Today, Martingale refers to a relatively simple sports betting system that dictates when you win a wager, you bet the same amount on the next wager, but when you lose a bet, you double your next wager.
Some sports gamblers swear by this methodology while sharp sports bettors that understand the math feel that it’s an example of poor money management practices. The fact that this system is still practiced and marketed today says more about the state of a losing gambler’s mind and less about the success or failure of the system. Here’s how it works.
First, it’s important to know that the system is designed for even wagers, which are thought to hit about 50% of the time. A bettor with a bankroll of $500 puts $50 on an early afternoon football game. The bet is lost. Under the Martingale System, the gambler now places $100 on the late afternoon game. If the bet is won, the theory is that the gambler makes back the original loss, plus a $50 profit. Once the bet is won, the bettor goes back to wagering $50 per game until they lose again.
The problem with this system is that it can put a bettor’s bankroll in jeopardy quickly. What if in our example the late afternoon wager is lost too. Now the bettor has to put $200 on the Sunday night contest. If that game is a washout, the gambler’s bankroll has gone from $500 to $150. And with that, the true problem with Martingale comes into focus. There’s only $150 left in the bank, but under Martingale the wager is supposed to be $400. Martingale has all but bankrupt the gambler’s bankroll.
Of course, it’s not as big a dilemma if the original wager was $20, which is a wiser wager if you’ve got a $500 bankroll. Still, even at 20 bucks per pop, using this system the gambler is down $80 after three loses and is due to wager $160 on the Monday night game. If they lose that bet, their bank is down to $260. According to Martingale, the next bet should be $320 and, once again as in the previous example, the money is not there.
What most amateur sports bettors dont understand is how odds work from a mathematical perspective. Did you know that a 50% handicapper will lose 5 games in a row 3% of the time? Eventually the math will catch with the Martingale system and the player will be broke.
Martingale Betting System
Martingale System Sports Betting
Martingale is seen as being a regressive form of wagering where bettors play conservatively when they are on a roll and go for the sky when they are in a tailspin. It’s based on the belief that a string of loses on even odds wagers means that eventually there will be a win to correct the deviation. But this idea that wins and loses even out, which is known as the Gambler’s Fallacy, is illogical for one primary reason—it supposes that our four bets are interrelated, and they are not. Whether one wins or loses the first wager will have no influence on the second and the outcome of the second in no way has any influence on the third outcome. If there is no correlation in the bets the order of wins and losses is controlled by variance, something that no gambler has control over.
Martingale Sports Betting
The application of any system in sports betting tends to be tenuous. Why? Success in gambling on sporting events is based on solid sports handicapping analysis, expert information and insider insights. A gambler’s ability to utilize all of the information available to them to make the right pick will determine an individual’s rate of success or failure and not some theory regarding odds correction based on probability. If you do practice the Martingale Betting System do so with care.