The Martingale Betting System is, as its name suggests, a betting system that was devised in France over 250 years ago. It is intended to be used on 50-50 propositions, but it can be used in other ways. Due to the fact that it’s best used on 50-50 bets, it’s an ideal betting system to use when playing roulette, if you are looking for a betting system to use when playing the game. The idea is you double your stake every time your bet loses, and you bank your winning and start from scratch when your bet wins. You’ll have used the Martingale Betting System without knowing if when having a wager with friends; every time you say “double or nothing”, that’s using the Martingale Betting System without you even knowing it.

It should be noted that not betting system is going to guarantee you success over a prolonged period, but that can be used to help maximise your wins and limit your loses. In theory, the Martingale Betting System should help maximise wins, but if you’re not careful, it can lead to big loses due to its extreme style, and the fact that the amount you end up wagering can get out of hand quite quickly if you don’t have the bankroll to support it.

When utlising the Martingale Betting System when playing roulette, it’s best to bet on either red or black as there is as close to a 50-50 chance of winning as you can get when playing the game. Having the 0 and 00 on the wheel does make it slightly less than a 50-50 proposition, but it’s about as close as you’ll get in a casino game that doesn’t involve skill (games such as blackjack and video poker, where you can influence the odds slightly in your favour), and definitely as close as you’ll get in the game of roulette.

So, now you’ve got the basic idea of the system, and what you’re going to be betting on, let’s look at it in action on a fictional casino’s roulette wheel, with the standard 0 and 00 in play.

We’ll take a trip to the casino with $1,000 and we’re going to bet on black. The Martingale Betting System says to start with 1 unit bets, so we’ll start with $1. Let’s say it comes up black. Great, we won $1! So we’ll bank that, and we now have $1,001. While we won’t break the bank just yet, a win’s a win.
For our next spin of the roulette wheel, we’ll stick with black. Another $1 bet on black, but this time it comes up red. So, now we’re back to our initial $1,000. But the Martingale Betting System tells you to double your bet. So we’re going to 2 units, which, in this case is $2, and we’ll put it on red, just to change things up a bit. It comes up… black. Typical! So now we’re down to $998. We’ve lost, so we have to double our bet again. Our next bet is $4 and we stick with red. And, lo and behold, we win. So we win $4. The $4 takes our betting bank to $1,002, and we’re back to winning ways.

The benefit of the Martingale Betting System when playing roulette is that unless you are exceptionally unlucky, gains can be made over the short term, and since it’s 50-50 bets, you have a 50% chance of winning every time. The gains will not be big, as you only ever double your stake, but it’s still a gain.
However, the disadvantage to the Martingale Betting System is only a long-term winning strategy if you have unlimited funds and a casino will lay you any bet you want. Let’s say you start with a $1 bet, it doubles to $2, then $4, $8, $16, $32, $64, $128, $256, and then $512. And if you take our imaginary $1,000, we’ve now wagered it (and more) in the space of 10 bets. And if that $512 bet wins, you’ve wagered a total of $1,023, and you end up winning $1,024. So for that large outlay, you end up with a profit of $1. If your units are $10, you end up wagering $5,120 just to win $10. So you can have a devastating loss or a paltry game.

The idea of the Martingale Betting System is based around Gambler’s Fallacy, in that you have to get a win on a 50-50 chance eventually. However, that is not true. Each spin of the roulette wheel is an independent event, the previous spins have no effect on the current one. So, even though it may have landed on red 10 times in a row, there’s still a 50-50 chance that it comes up red again. And it’s a 50-50 chance that it comes up red the next time, and the next time, and so on.

So, you have to decide if the Martingale Betting System is for you. If you want to have a bit of recreational fun betting on red or black when playing roulette, the Martingale Betting System is for you, especially if you’re not in it to break the bank. However, if you start using the Martingale Betting Sytstem thinking you’ll make your fortune, then it’s not really the system for you, and you might end up on the road to ruin, and there are better betting systems out there that will make the most out of your bankroll. Or if you do want to make big gains playing roulette with a limited bankroll, there are bets that pay far greater returns, not least betting on one number.

If you’re looking to wager small and win big, put your money down on one number, and use a version of the Martingale that way – double your bet every time your number doesn’t come in. While it’s not true Martingale, 35:1 with $32 on it pays out a much nicer return after losing $30 previously!

Just be careful when using the Martingale Betting System, and if you use it carefully it can be a fun way of spending some time at the roulette table.

The Martingale Betting System Summarized:

There is no betting system more famous than the Martingale betting system, and the Martingale betting system is one of the most popular betting systems when it comes to Roulette.

The Martingale Betting System is the classic “double or nothing” betting system.

Every time you lose, you double your stake until you win again. While this sort of betting system can be applied for most other games, Roulette is the best game to handle the Martingale Betting System. We also recommend that if you want to test out the Martingale System, you test it out at High Noon Casino. High Noon Casino offers $60 free so you can test it out at the real money tables, and offer the best choices when it comes to roulette betting limits.

The reason that Roulette is the best game to use the Martingale system on is due to the even money bets that you can place, like betting on red or black, or even or odd. While technically you could use the Martingale Betting System on other types of bets at different odds, it becomes a mess and your risk of ruin is a lot greater.

Some people who bet on sports are simply betting on the games to make them more exciting, or are betting on their favorite teams, but if you are like me you are betting on sports to make money.

Making money betting on sports can be tough, but there are a lot of sports bettors who consistently win, and there are even a lot of professional bettors who make a good living off of sports betting. Everyone who is betting on sports is going to have rough patches where they take losses, but if you are winning more often than you are losing you can profit from sports betting in the long run.

Below I’ve listed some advanced sports betting strategy articles for anyone who understands the basics of sports betting, and below that I’ve got the very basic sports betting strategies for beginners.

In order to help yourself make money or a profit from sports betting there are a couple of basic sports betting strategies or tips you will want to understand and follow. None of these sports betting strategies are secrets by any means, but following them will help you win money betting on sports.

The people who don’t follow any of these sports betting strategies are often referred to as “squares” and those are the type of bettors that the sportsbooks will make their profits from.

#1 Sports Betting Strategy – Money Management/Bankroll Management

When you are betting on sports you should always set aside a certain amount of money, which we refer to as your “bankroll”, in which you can afford to lose. Like with any type of gambling, you never want to bet betting on sports with money you cannot afford to lose. Set aside a certain amount of money that you can use for your bankroll for the week, the month, or the season. A general sports betting strategy for money management is to only make bets with 1%-5% of your bankroll. For example, if your bankroll for the NFL season was $1,000 you would be making $10-$50 bets on each NFL game you wanted to bet on. It is also very important that you do not chase your loses with bigger bets. It is common for some sports bettors to be down money and feel in order to win it back they need to increase the size of their bets. This is putting yourself in the wrong mindset and will often lead to you losing even more money. Work with the size of your bankroll, and look to slowly increase it over the length of the season.

#2 Sports Betting Strategy – Bet Sober and Don’t Go on Tilt

Although betting while sober seems like common sense, you’d be surprised how many people bet on sports under the influence. Is it a coincidence that the Las Vegas casinos offer free alcoholic drinks while you are gambling? I don’t think so. I don’t want to sound like your mother here, but betting while under the influence will impair your judgement and should definitely be avoided if you want to become a winning sports bettor.

The second part of this sports betting strategy says “Don’t Go on Tilt”. Going on tilt or “tilting” is a commonly referred to term with poker players and basically means letting your emotions take over, which often leads to bad decisions. If you are angry or upset at something, such as a couple bad beats with your sports bets, you shouldn’t be placing any more bets. Take a break, go for a walk, get your mind clear before you start making anymore sports betting picks.

#3 Sports Betting Strategy – Do Your Homework

This is maybe the most important sports betting strategy. You will always want to do your research before placing your bets. Although going with your hunch when betting your favorite sport may work some of the time, in the long run it will not lead to you winning money betting on sports. In order to profit from sports betting you will need to research, study, and do your homework for each pick you make. Look at stats, find trends, create sports betting systems, analyze past games – basically do everything you could possibly do to ensure you have value in your pick before you place your wager.

#4 Sports Betting Strategy – Line Shopping

A very big step to becoming a winning sports bettor is to make sure you are shopping for the best lines. What this means is that you will have to have an account at a couple of different online sportsbooks and when you are ready to make a bet on a certain team or outcome you check the different sportsbooks and find which book is offering the best line for you (this ties in with our advanced how to find max value article). For example, if you are looking to bet on the New England Patriots on a 7 point spread, you would want to check a couple different sportsbooks to see if any of them are offering the Patriots at 6.5 points, or at the very least find the best price you can get them at 7 points at. Over the course of a sport betting season you can win yourself a lot of money from shopping the lines that would otherwise would not be one. Line shopping is definitely one of the best sports betting strategies used by winning sports bettors.