How to Use the Martingale Betting System
Learn all the details about the Martingale betting system.
- Find an event that has a roughly 50% chance of happening, such as betting on red or black in roulette.
- Choose a bet size and place your bet.
- If your bet loses, double your bet every time until you win.
- When you win, go back to the original stake.
- You should now be your original stake’s worth in profit.
It seems counterintuitive to double up on your losses, but as you will see in a minute, the math works out if you stick with it. That being said, always know your limit as the bet size grows exponentially, so don’t bet more than you can afford to lose. If you have an unlimited budget, you will come out on top, but as bettors, we don’t have unlimited budgets and always need to bet responsibly.
Note that, throughout time, the spelling of Martindale’s name has changed from “Martindale” to “Martingale.” Regardless of the name attached to it, the system itself stays the same.
How the Martingale Works in Practice
If you want to follow the Grand Martingale betting system, the first step is to determine a starting amount as your reference. Choosing a wager of $10 or $20 is a good way to begin as it shouldn’t break the bank (if it does, come back when you can afford to lose a couple of hundred). You can choose a sports betting site that offers a firts bet safety, so if you bet losses you can get it back.
If your first $10 bet wins, you will set aside that profit and place another $10 wager. If your first $10 bet loses, you will wager $20 the next time around.
Below is an example starting at $100 where the bet grows for each round and the win happens in the 7th round. You would carry a negative balance until the last round where the win brings the total up to 100 after winning back the losses:
| Odds | Bet | Result | Profit |
|---|---|---|---|
| 2.0 | $100 | Loss | -$100 |
| 2.0 | $200 | Loss | -$300 |
| 2.0 | $400 | Loss | -$700 |
| 2.0 | $800 | Loss | -$1,500 |
| 2.0 | $1,600 | Loss | -$3,100 |
| 2.0 | $3,200 | Win | +$100 |
As you can see, you will continue the process of increasing your bet until you win a bet. Then, you will start the whole process over again with the initial wager. The key takeaway is that by winning one large bet, you will always make up for your losses along the way.
There are several different variations with the Grand Martingale betting system. All of them focus on doubling up your wager each time. It is a proven system used by some of the top sports bettors, but beginners can use this strategy to their benefit too. As mentioned, just make sure you manage your bankroll and set your limits.
How effective is the Martingale system?
Before you choose to use the Grand Martingale betting system, you need to be aware of how effective it is. The fact that this betting system has been used for centuries should tell you all you need to know about its effectiveness.
The Grand Martingale strategy can be a great betting system for beginners and experts alike. But this is only if it is done correctly. If you plan to use the Grand Martingale betting system, you must go about it wisely.
There are some variations of this betting system out there, but you shouldn’t attempt to change it up on your own. The original system guarantees you win some money at some point.
This system does require you to have a relatively sizeable bankroll established. This is especially if you suffer a long losing streak right away. That is one of the most significant drawbacks, but you will eventually get your money back if you stick with it.
The most critical component of this strategy is patience. If you plan to use the Grand Martingale betting system, you will need to be imperturbable to annoying tests of time.
In conclusion
Players are always looking to gain an edge over the casinos, but gaining the upper hand requires a bettor to have an ace up their sleeve. The Grand Martingale Betting System is one such secret advantage. You can test this system through available sports betting apps in your state.
