Martingale Betting System Basics

Martingale Betting System Basics

If you’re hoping to storm into the casino and win thousands of dollars, there’s just one problem facing you: the house holds a slight edge in almost every game. Seeing as how this is the case, people have spent centuries trying to overcome the house edge in gambling. And one of the most popular and common means of doing this is by using the Martingale betting system. If you are sketchy on how the Martingale system works, it’s not hard to explain and here’s a look at the basics.

How to use the Martingale

One of the best things about using the Martingale is that it’s really easy to understand. Any time you lose a bet, you double your wager on the next try. For example, if you made a $10 bet and lost, your subsequent bet would be $20; if you lost this time, the next wager would be $40 and so on.

Now that we’ve established how you need to double bets following a loss, it should also be pointed out that you keep unit sizes the same after a win. Assuming you won a $10 bet, the wagers would remain the same until you lost.

Benefits of the Martingale

As mentioned before, the Martingale system has been used by gamblers for a very long time. And it’s not without reason because the Martingale guarantees that people don’t lose any money with this system….at least in theory. For instance, let’s say that your betting line went as follows:

$10 bet - loss

$20 bet - loss

$40 bet - loss

$80 bet - loss

$160 bet - win
 

Instead of losing four $10 bets in a row, before finally winning a $10 wager in the previous scenario, you would win all of your losses back with the Martingale. And having the ability to win all of your losses back at any point is the major advantage to this system. One more benefit worth mentioning is that you also minimize risking winnings with the Martingale since your bets don’t increase following a win.

Drawbacks to the Martingale

The major reason why more people don’t use this system is because of the huge risk involved. By doubling your bets every time, you are digging yourself a hole that keeps getting deeper and deeper. Now some people might think that having a huge bankroll will help them survive the bigger bets that need to be made when losses mount. However, you also have to consider how quickly losses will pile up during a losing streak. Here is a perfect example:

$10 bet - loss

$20 bet - loss

$40 bet - loss

$80 bet - loss

$160 bet - loss

$320 bet - loss

$640 bet - loss

$1,280 bet - loss

$2,560 bet - loss

$5,120 bet - loss

$10,240 bet - loss
 

Granted, losing 11 bets in a row is a lot, but it can happen. And even if you’re only making $10 bets, the losses can mount and leave you needing a $10,000 bet just to make your money back.

A more practical drawback is the fact that most casinos impose table limits, so you’ll eventually hit the limit and be unable to make your losses back. So if you were playing blackjack and the table limit was $2,000, you’d exceed this limit by the eight loss. All of this being said, you really need to be careful with the Martingale system, and only use it if you have a sizeable bankroll coupled with high table limits.

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