What is the Martingale System
What is the Martingale System – Gamblers worldwide continually seek new ways to gain an advantage over casinos. Accordingly, one common belief with many players is that using various popular strategies can effectively boost your chances of a massive win. Among the most famous methods which seem to have survived not just time but also the transitioning of ‘land-based’ casinos to modern online platforms is the ‘Martingale System.’
What is the Martingale System – The Martingale betting strategy is so common that you may have already used it in your sports betting strategy without even noticing it. The Martingale betting system is just a case of doubling your losing bets until you win. Its remarkable popularity perhaps stems from its distinct simplicity and a deceptive appeal of efficiency. Want to know more about this system? Here is everything on the famous Martingale Betting System.
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What is the Martingale System – What is it?
What is the Martingale System – The unique Martingale System is among the oldest betting systems and is widely considered to date back to the 18th century in Europe when casinos first gained popularity. Fundamentally, this distinct system is based on the belief that an event is more likely to happen because it has not occurred in a substantial while.
Like all other progressive systems, it shares a similar assumption as the famous Gambler’s Fallacy concept of the belief that random events are more or less likely to occur following a given activity or a series of events.
What is the Martingale System: The primary difference, however, and arguably the reason behind its popularity, is its exclusive doubling-up method after every loss, rendering it relatively easy to calculate the progressions. However, Martingale is a select negative progression method, meaning you need not double after each win.
Instead, after a success, you will need to place your bet using your base stake. History shows that the Martingale betting strategy has been around since the 18th century when a prominent casino owner invented it. It is one of the most popular strategies to seem like a surefire way to maximise your wins.
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How is the Martingale System Used?
The Martingale system is one of the oldest and most well-known betting systems. It is also one of the easiest to learn, as no complicated calculations are involved. The required math is elementary, and there are just a few simple steps to follow.
The Martingale system is primarily used at casino games which offer even money bets. The outside bets on the roulette table, such as odd or even, are good examples of where players will try this system. It can also be used on the pass or don’t pass bets at the craps table, blackjack and baccarat, and even for money bets in sports betting.
There is nothing complicated at all about this system. There are just two rules to follow.
💎 RULE 1 – Double your stake every time you lose
💎 RULE 2 – Stake one base unit after every win
That is all that the Martingale is. The base unit used can be any amount, although it is a good idea to keep it small for reasons that will become obvious later. Play Blackjack at Azur Casino!
What is the Martingale System – Origins
While The Martingale system is considered to have begun in Europe in the 18th century during the onset of casinos, this system gained global popularity courtesy of John Martindale, who owned a casino in London.
What is the Martingale System – Martindale was profoundly persuaded that the casino’s house edge effectively combats most of the player’s winning pursuits to the extent that he regularly encouraged the players to use the double-up strategy to succeed from their losses while playing in his London-based casino.
Examples of the Martingale System at Work
What is the Martingale System – The underlying concept of the Martingale System is quite simple. When playing, you increase your bet after each loss, and as such, on eventually winning, you recover your lost stake and begin betting with your initial stake amount. This is the primary reason why this system mandates that you double your bet stake after your loss to regain your lost money.
You start your bet with a small stake (table minimum, preferably) and continue betting a similar stake until you finally lose. Once you lose, you then double your stake for your next bet.
If you win, you can recover what you lost on your previous bet and possibly win an extra amount on top.
Similarly, in case you continue losing, you continue to double your bet. After you win, you must restart and stake the smallest amount (or your initial base stake) on your next bet. Rinse and Repeat!
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It uses two primary principles:
- Double up each time you lose: If you stake $5 and lose, you should place a $10 on your next round. In case you lose again, you should then bet $20.
- Stick to your base stake when you win: Martingale’s negative progression nature means you need not double up on winning. Instead, after a win, you revert to betting your base stake.
What is the Martingale System – Examples
To better understand the underlying concept of this system, let’s consider this example:
Let’s assume you are playing a coin toss game where you can bet for either tails or heads, and you start with an initial stake of $10 and $100 as your total wager. The probability of the coin falling on either heads or tails is 1:1, with every coin flip independent of the other. Your last flip does not impact how the next flip plays out.
Say you place your bet on tails, and you win, meaning you now have a total of $110. With every success, you continue betting with the same stake ($1) until you eventually lose.
Your following toss losses, and your stake goes back to $100. So, on your next bet, you double your bet to $20 with the hope that the coin will land on tails, effectively recover your previous losses, and your net loss and profit go to zero. Unfortunately, the coin lands on heads again, and you subsequently lose another $20, cutting your wager total to $80.
Considering the martingale system, on your next bet, you place to double your previous stake to $40. Luckily, you win and gain $40, taking your total funds to $120. Ideally, looking at this instance, you need one win to cover all the losses before.
Why is the Martingale System So Popular?
What is the Martingale System – Over a century after the Martingale betting system was conceived, this system did prove as significantly successful for Charles Wells. He applied this system when playing a roulette game. He managed to outshine the casino by breaking the bank 12 times in just three days in the famous Monte Carlo Casino. Well’s momentous one million francs win astoundingly came from his initial investment stake of 4000 francs.
⭐ Advantages
- Relatively Easy to understand and use
- You control your base stake
- Freedom to stake as high or low as you wish
- Generates short-term profits
💩 Disadvantages
- The exponential increase in your bet size
- It has no impact on the house’s edge
- Mandates for vast amounts of money to gain profits
- Small benefits for a significantly considerable risk
- Hard to identify when to stop playing
- Possibility of reaching the standard Table Limit
The Martingale Betting System and Online Betting Strategies
What is the Martingale System – In the end, trying the Martingale System in your online gambling strategy cannot hurt. However, if you use this approach, you must consider two factors: the amount of money you want to wager and whether the outcome will be profitable.
Ideally, for a given period (perhaps), the Martingale strategy will provide you with small profits.
Nonetheless, this system can be severely risky in the long run, especially considering its steep progression characteristic. In due course, each gambler has the experience of forgetting when using Martingale. We’ve given you a fair warning in advance!
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What is the Martingale System FAQ
Does the Martingale strategy always work in Blackjack?
As we’ve already touched upon, the Martingale strategy works best for Casino games that offer 50/50 ‘coinflip’ situations. Blackjack is (almost) one of those. In terms of table limit restrictions, some Casinos will only offer a minimum bet, with no maximum bet ceilings either, which gives Blackjack players a chance to chase their losses continuously – providing they have a substantial bankroll enough to handle losing streaks.
Is the Martingale strategy legal on betting and Casino sites?
Yes, Martingale betting systems are permitted when you play Casino games online. There’s no reason why it wouldn’t be prohibited. In the long term, the Casinos will always take money off players, but those prepared to practice Martingale for short-term bursts could succeed.
Can a Martingale system work in Forex trading, too?
The Martingale is increasingly popular among Forex traders. That’s because, unlike stocks, the value of fiat currencies rarely falls to the bottom. When you trade forex, there is a 50% chance of your trade being profitable and a 50% chance of your transaction being lost.
