What is Martingale method in sports betting?
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Martingale is a technique widely used by casino players. Can you use this technique to win at sports betting? We’ll answer that in the article below.
What is a martingale in sports betting?
Making a martingale is a system that has been around for a long time. So just what is a martingale? Initially created for casino players, the sports betting martingale is simple to understand: if you lose one or more bets, you gradually increase your stakes to cover all your losses and make a profit on the first winning bet. Once the expected profit has been made, the next step is to go back to the original strategy and bet your initial stake.
The following formula can be used to calculate the amount you bet :
- Stake = (P+B)/(C-1)
where
- P = Cumulative amount of previous losses
- B = Desired profit
- C = Décimal odds
What are the risks of martingale?
Of course, this system is not perfect and entails risks in the world of sports betting. The real limit of martingale lies in its practical application. In the event of a bad run of results or judgment by the bettor, the stakes quickly become very high. In a classic martingale, a series of 5 losing bets at odds of 2 and the stake on your 6th bet must be equal to 32 times the initial stake! Therefore, be careful if using this system.
What's more, the sports betting martingale is not in itself a way of making profits over the long term. The only way to do this is to calculate probabilities that are more accurate than those of the bookmakers. As you will have realised, this system is not really for beginners, and you will need a certain amount of experience in betting to be able to try and master it, as there is obviously a risk of loss. What's more, you shouldn't always be too greedy and want to earn more money. Sometimes you have to be satisfied with small gains. It's important to remember before using this technique, especially when a bad set of results comes along and you want to "make up for it".
Martingale example
Series of martingale bets
To simplify this example, we assume that all the odds are equal to 2.00 (evens).
| Bet | Stake £ | Result | Profit/Loss | Balance |
|---|---|---|---|---|
| Bet 1 | 10 | Lost | -10 | -10 |
| Bet 2 | 20 | Lost | -20 | -30 |
| Bet 3 | 40 | Lost | -40 | -70 |
| Bet 4 | 80 | Won | 80 | 10 |
| Bet 5 | 10 | Won | 10 | 20 |
Suppose you want to make a profit of £20 using the martingale technique. You bet £10 at odds of 2.00. Your first few bets are losing, so you gradually increase your bets doubling your stake on each occasion.. Your fourth bet produces a win and takes you into a £10 profit situation. For your fifth bet you return a stake of £10 and get another win, taking you to £20 profit and your target has been achieved. The best bookmaker to work out your sports betting martingale/
To find the best bookmakers offering the martingale method, you can of course consult our ranking of the best sports betting sites on the UK and European market. Each one has its strong points, and it will be up to you, the punter, to make your choice and pick the one that seems to suit you best. Whether it's bet365, 1xBet, Betobet, VBet or all the other bookmakers, each has its own qualities!
And if you want to quickly increase your bankroll and therefore your winnings, don't hesitate to check each prediction offered free on our site. This strategy will enable you to decide whether or not you are right for each bet, and can very quickly save you from having to place bets that are too risky. The most experienced punters have been with us for many years, so don't wait any longer to join them!
More about sports betting methods
- Betting exchange: how does it work?
- What is Handicap betting?
- What is Kelly Criterion in sports betting?
- What is the difference between fixed and variable stakes?
- What is a sure bet?
- What is a value bet?
- What is a single bet?
- What is an Accumulator bet?
- How to beat the bookmakers?
- What Is Draw No Bet?
- What is a live sure bet and how to place it?
- Sports betting: should you bet on the small odds?
- What is the Difference Between an Each Way First Goalscorer Bet and an Anytime Goalscorer Bet?
- What is the European Handicap?
- How does Tote betting differ from traditional betting with a bookmaker?
- Sports betting: how to bet without risk?
- Sports betting: what's the safest bet?
- Is it possible to bet without losing money?
- What is a Moneyline Bet?
