Wednesday, December 28, 2016

Betting strategy: Martingale

It's easier to lost than to win money on betting and the biggest reason is that we rarely use a strategy but instead go after our gut feeling when placing the bet. And more often than not, that's the reason we're losing our money.

There are however a Jungle of strategies out there which you can use to your success,  I will go through them one and one here.


Martingale 

We start with the legendary Martingale system where you always double your bet if you lose.

Let's do a little example here.

Say you bet €10 on odds 2.0 that team A wins.

Now, if team A win you win €10 + €10 from your initial bet.
And you are €10 in profit.
But if team B win you lose your initial bet on €10 and are now 10 in the red.

So what you do now is to double your bet in a new bet, so this time €20 on odds 2.0 that team A wins.

Now if team A win you win €20 + get your initial bet on €20 back to you.
This means you're €10 in profit after you calculate the losses from the first bet.

If you however would lose this bet you simply repeat the process and double up again with a €40 against 2.0 odds.

It does not matter how many times you lose as long as you can double your bet, once you win you will get all your losses back plus an additional €10 in profit.

Best scenario are of course to win as soon as possible before the bets gets to high. But in pure theory this is a bullet-proof strategy from a mathematical standpoint.

I will cover what I call the daredevil strategy in the next post, you either go big or you go home. stay tuned and make sure to bet with your brain, not you heart!

See you all soon!

No comments:

Post a Comment