The Martingale System

• Ever since gambling was invented everyone is trying to find the perfect system to beat the odds and lately the bookies are becoming the target of the punters’ focus. The Martingale betting system has been around for a long time and its drawbacks have been revealed dozens of times, but for those who have just discovered it, the Martingale could still look like a major breakthrough and a quick solution to every financial issue.
• The Martingale is a negative-progression gambling system, which means you have to raise your stake after each loss while returning to the original bet when you win. Basically this betting system is used in roulette and other games where you have at least in theory a 50% chance of winning, but can be easily adapted to most of the sport bets. Virtually all you have to do is to choose games with odds around 2.00 and then double the stake each time you lose, assuming the winning streak can’t last forever.
• Here you have an example: You have a bankroll of 1500$ and start with a 10$ bet and double up after each lost bet. Essentially you can afford to lose 7 bets before going bankrupt.

• Bet 1 @ odds of 2.00	Wager 10$	Possible Win: 10$	Net Loss: 10$
  Bet 2 @ odds of 2.00	Wager 20$	Possible Win: 10$	Net Loss: 30$
  Bet 3 @ odds of 2.00	Wager 40$	Possible Win: 10$	Net Loss: 70 $
  Bet 4 @ odds of 2.00	Wager 80$	Possible Win: 10$	Net Loss: 150$
  Bet 5 @ odds of 2.00	Wager 160$	Possible Win: 10$	Net Loss: 310$
  Bet 6 @ odds of 2.00	Wager 320$	Possible Win: 10$	Net Loss: 630$
  Bet 7 @ odds of 2.00	Wager 640$	Possible Win: 10$	Net Loss: 1270$

• When this betting system was translated to sport bets and especially soccer, many punters saw the opportunity of choosing the draws instead of straight victory because the odds are above 3.00 and this means you can afford more bets with the same amount of money. It’s just a variation to the traditional Martingale and frankly it’s the same routine bound to end in a catastrophic loss. Of course you have the advantage of winning even after 6 consecutive bets but the amount is so low compared to the sum risked that it’s simply not worthy.
• Furthermore, every online bookmaker and betting house has a limit set about how much can be wagered on a single event so it’s just a matter of time to reach the cap no matter how rich you are. Everyone has bad beats and even if seven consecutive defeats are unlikely, it’s just a matter of time until they occur and the money won until that moment won’t be enough to compensate for the loss.