Martingale Betting System

The Martingale system is a progression betting system, where you start with a basic unit and double the bet from round to round, until a win recovers previous losses. The idea behind the Martingale is that since no cold streak runs forever, the player will eventually win the bet and recover previous losses.

Like other progressive methods the Martingale is suitable for even bets, like the ones featured on Roulette (ex. red/black), Baccarat, Casino War, Craps, and every bet that has a 50-50 probability or close to it.

The Martingale only works for players who play with small stakes, because otherwise it’s easy to go over the maximum table limit, and then there’s no chance to recover the losses. Playing at an online casino with low minimum bets (ex. $1) is much better than a brick-and-mortar casino with a $5 or $10 minimum bet. You need at least a $200 bankroll to stay afloat during losing streaks.

The system is profitable only for the short run. For example, when playing a red/black bet on the European Roulette, the odds aren’t exactly fifty-fifty, because of the zero slightly increases the odds to lose the bet. The same goes for Baccarat’s player/banker bet, because of the possibility of a tie. Therefore, the system can’t run indefinitely, and it should be stopped after a short period.

How the Martingale System Works

1) A player using the Martingale system sets a basic betting unit (ex. $1) and keeps it as long as the bets are winning. (Sticking to the same bet, ex. betting only on Red in Roulette).

2) When the player has a losing bet, he doubles the next bet to make up for the loss. So, if the basic unit was $1, the player will bet $2. If the next bet also loses, the player doubles again to $4.

3) Once the player wins again, he goes back to the basic unit ($1 in our example).

There is also an Anti-Martingale betting strategy, where the pattern is used in reverse and the player doubles after a win, and goes back to the basic unit after a loss.

More about the Martingale

  • The origin of the Martingale system is in probability theory, where a martingale means a sequence of random values.
  • It’s known to have been put to use as a betting system since the 18th century in France.
  • It was based on a simple head/tails coin flip.
  • The Anti-Martingale approach is more common in the field of financial speculation and stock trade to reduce losses during unprofitable periods.

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