The Martingale system first came into prominence back in the 18th century, with people using it as a strategy to make a profit from casino games like roulette.
The theory behind it is simple, requiring you to double your stake after any losing bet and repeating this up to the point you back a winner.
In order for the mathematics to work, each wager must be a single bet at odds of Evens or greater to ensure that you will eventually make a profit.
Martingale Betting Strategy
For example,
the Championship in England regularly produces drawn matches throughout the course of the season.
Martingale System Calculator
Games to Use the Martingale Strategy on. The classic example for the Martingale system is betting on red or black on a roulette table. This is as close to 50% as you will likely see for a game. The exact odds are 48.6% for European roulette and 47.4% for an American wheel where there are a green 0 and 00. Classic Martingale System – Double Your Bet Until You Win The classic example of a Martingale series of bets is to repeatedly double your bet until you win. If you win your first bet, you are up +1 unit and start a “new series” (that is, you start all over again, by betting one unit). If you lose, you are down -1 unit and then bet 2 units.
Martingale Betting System
Odds for draws are usually 2/1 or higher, meaning you will eventually make a profit if you adhere faithfully to the Martingale system.