Martingale Betting Strategy - Does the Staking System Apply to Sports?
What is the Martingale Betting System?
The Martingale betting system is a system that was invented in the 18th century by a casino owner. Its simplicity has ensured that it has remained popular to this day and is often used across both casino betting and sports betting. A lot of people might have already used this betting strategy and not actually realised it. The reason for this is that it is as simple as doubling your stake if you lose, and then starting the process again if you win.
Essentially, The Martingale betting system means doubling your losing bets until you win.
The great thing about it is that it is easy to understand, and even those that are just beginning with sports betting can easily employ the strategy. It can result in huge wins, especially if you get a win 4 or 5 bets down the line when your stake is quite big.
How to Use the Martingale Betting System
Example of the Martingale System when applied to Sports
The Martingale betting system can easily be applied to sports betting. It does have its roots in casino betting, and while it is a little easier to use the system on casino betting, because the odds on something like a roulette spin are always the same, if you know how to calculate the odds correctly you can apply it to any sports betting market. You can also apply it very easily to sports betting if you are happy to just bet on even odds, which means the only calculation you need to make is doubling the stake. If your basic idea is just to recoup the losses from your recent loss, you need to calculate the stake of the next bet accordingly. This involves working out the odds of the previous losing bet and comparing them to the odds with the current bet, and adjusting your stake.
The higher the decimal odds, the less you need to bet to potentially break even, the lower the odds, the more you need to bet to break even.
Martingale Sports Betting Formula
The Martingale system is designed for even wagers. The main formula of the system is to double your losing bet each time you lose and then wager the doubled amount. If you are going to use different odds the formula is simple.
Say for example you bet £10 on an even sports event and you lose. If the odds are 1.40 on the next match, the formula would be £10/(1.4 – 1).
Bear in mind that this is the minimum you need to bet in order to break even. In order to potentially profit, you will have to bet a bit more.
MARTINGALE CALCULATOR » Make Use of Oddspedia’s Free Calculator
Even the most experienced sports bettors may have issues calculating the correct amount to wager using the Martingale system when it comes to different odds on different sports matches. Our Martingale calculator will help you to work this out without having to do it manually. This calculator should be able to help you with any type or market of sports bets that you want to apply the Martingale strategy.
Martingale Betting System Football Example
Football betting is a good market to apply the Martingale betting strategy in, as it is fairly easy to find matches with even (1/1) odds. Across the month in the European market, you are likely to find enough of these matches so that you can employ the Martingale betting strategy. Say for example you make a bet on a certain team winning at even odds for £5, and then you lose. The next thing you need to do is double your losing bet, and bet on the next match you can find with even odds. This would mean that your next bet needs to be for £10, and so on. This is a fairly easy strategy to employ if you are just doubling the amount. If you want to use odds that are not even, you will need to take them into your calculations when you are working out your stake for the next bet.
Does Martingale Work in The Long Run: An Analytical View of The System
Using the Martingale strategy is a great way for those just starting to get into sports betting to try a strategy without needing to understand the full ins and outs of the market. Because you are doubling your bet each time, you are also maximising your potential winnings, so those that are in favour of the Martingale system usually point to large wins as an attractive part of using the strategy. It can easily be applied to sports betting, especially if you are betting on markets and games with even odds. It can also be a very fun strategy to try out if you are bored of just picking bets at random or using other, more complicated strategies like the D'Alembert betting system.
Things like wager limits, limited bankrolls, bookmaker regulations and the gambler’s fallacy all have a significant impact that can deter long-term success.
Classic Martingale System of Doubling Bet Size until you Win
The classic Martingale system is incredibly easy to understand. Essentially, all it entails is doubling your losing bets until you win. So say for example you bet £5 and you lose, you would then bet £10 on the next bet. If you then lose that bet, the next bet you would double that amount and bet £20. It really is that simple. The reason so many people enjoy the strategy is that each time you double your bet, you increase your potential winnings. Many people point to the strategy as their "go-to" for sports betting in markets like football and basketball.
“Shortened” Martingale Systems
Many "shortened" Martingale systems involve using a series of bets rather than just one bet. This would work well on, for example, an accumulator bet. In this strategy, you would double the amount you put on the series rather than just the one bet.
As soon as betting strategies like this pop up, inevitably people are going to tweak it, make their own versions or make something entirely different based on the same premise. The "anti" Martingale strategy is exactly what it says it is. Instead of doubling your losing bets each time you make a stake, you double your win and make a stake. A lot of sports bettors also enjoy using this strategy, and it also has the added benefit of being easy to understand like the standard Martingale strategy. The only issue with this strategy is if you are doubling your win, you are increasing the amount you could lose if you get a loss.
Martingale Staking FAQs
❔ Is the Martingale strategy illegal?
🏆 Is the Martingale system allowed by bookmakers?
💶 Is the Martingale system profitable?
💳 What is staking in betting?
🤔 What is a staking plan?
Advantages and Disadvantages of the Martingale System
- Easy to remember;
- Large potential wins;
- Easy to apply to either sports betting or casino bettings;
- Prevents losing a large amount of money in one go;
- Can work for some time, rather than being a quick turnaround strategy;
- Although some sportsbooks might not be thrilled at you using the strategy, it isn't actually illegal for you to do so;
- It can give a large profit in the short term if you are prepared to make the required stakes in a short period;
- Quickly leads to high-stakes betting;
- You need a large stash to be able to continue Doubling your bets after each loss;
- Quite hard to understand if you need to calculate any other odds than even;
- If you do only bet on even matches these can be hard to come by in certain markets;
- Hitting the betting limit;
- Quickly leads to high-stakes betting;
- There might be terms and conditions from the particular sportsbook you use to bet online that are designed to catch people using this strategy out, as it is quite profitable;
- Wikipedia contributors. (2022, January 7). Martingale (betting system). Wikipedia. https://en.wikipedia.org/wiki/Martingale_(betting_system)
- David K. Neal. Michael D. Russell. "A Generalized Martingale Betting Strategy." Missouri J. Math. Sci. 21 (3) 183 - 197, October 2009. https://doi.org/10.35834/mjms/1316024884
- Buchdahl, J. (2020). What can the Martingale strategy teach us about betting? Pinnacle. https://www.pinnacle.com/en/betting-articles/Betting-Strategy/what-can-martingale-strategy-teach-about-betting/9W92ZBL8NHGXGL39