The Martingale System for Betting
Australian punters who have shopped around for the best betting strategies have more than likely heard of the Martingale system. It is a very simple strategy which requires you to double the size of your bet each time you see a loss, and then reset the amount to the base level when you win.
The logic behind the Martingale system is that, since a win at some point is guaranteed, you will over time be able to see a profit. While this system has proven to be flawed mathematically when it comes to playing Canadian casino games, it does seem to have workable attributes for sports betting. The simple reason for this is that the odds for sports betting are fixed, in most cases, and this is not the case with roulette, blackjack, and the like.
The Details for this Betting Strategy
As applied to sports betting, there are 3 Martingale-type strategies for Australian punters to look at.
- Betting against a tennis player in a tournament
- Betting against a team during the Major League Baseball, or MLB, regular season
- Line Bets
The Strategy as Applied to a Tennis Tournament
In tennis tournaments, there is generally only a small amount of players who have any real chance of winning. For example, in a men’s game taking place these days, you could safely predict that the Grand Slam winner would be Murray, Federer, Nadal, or Djokovic.
Using the Martingale strategy, you would choose the player you feel is least likely to win the tournament. You then go on to consistently bet against this player until he is knocked out: each time you lose, you will need to be a larger amount in order to cover the losses incurred from the bets previously made, and, when your predicted knock out occurs, the size of the wager you have made will more than cover the money spent leading up to it.
Martingale Betting on the MLB Regular Season
The US has very long periods of play for their MBL and NBA seasons. For this reason it is more than reasonable to assume that a weaker team will lose at least 1 game before that season comes to an end. For example, the Washington Nationals have a record of 11 wins and 28 losses. It is safe to bet on the fact that over the course of more than a hundred games in the MLB season they will lose at least once.
Work out how many times you can bet on this fact before you run out of bankroll, and do so, doubling your bets in order to recoup losses until the inevitable occurs and you can see your winnings replenish your losses and more.
Line Bets with the Martingale Strategy
Line bets have bookmakers offering equal payouts to each of the teams taking part in a match, and are designed to offer a 50% chance of being successful. Essentially, if you are able to win Line bets more than 53% of the time, the Martingale strategy will work for you. Again, start with calculating how much money you can afford to lose, and calculate your base bet from there. Then simply apply your knowledge of each of the teams according to this system, and wait for your winnings to come back to you.