Can You Win Money Online With The Martingale Betting System
Aug 7, 2016 NEWS
If you ask any gambling enthusiast that has years of experience about which betting system is the best to ensure that you get the best monetary outcome, they will point you to the Martingale Betting System. However, not all seasoned players agree on this as it is not without pitfalls. In this post, let's take a look at whether you can win money in online casinos with the Martingale Betting System.
About Martingale Betting System
The Martingale Betting System was first developed in France back in the 18th century. It is a betting style that works best for games with sort of a tails-or-heads format. Games like Roulette and Blackjack follow this pattern since they have a near 50/50 chance on returns. The following is how the Martingale System works on some casino games and how it can be applied.
Martingale Betting System Applied on Blackjack
Basically, the Martingale System dictates that you have to double your bet every time you lose a game. For example, if you start your bet on $5 when playing a Blackjack game and you lose in the first round then you have to bet $10 on your next hand. This continues as long as you keep losing on consequent bets until you eventually win a hand.
Gamblers use this system in the hope that they will win a hand even after a series of losses. If a player loses three hands in a row, they would need to stake $40 on their fourth hand. If they happen to win this hand then a player would receive $80, leaving them with a profit of the initial $5 they bet.
Martingale Betting System Applied on Roulette
This betting system works the same on Roulette as Blackjack. A player would need to double his bet after losing a spin. In the roulette game, a player is needed to limit his bet by choosing to stick on red or black for the Martingale System to be effective. Remember, this is because Martingale System works best on a 50/50 probability.
For example, a player can choose to bet $10 on the first spin, placing his bet on a red. If he loses on his spin then he has to bet $20 on his next spin. If by chance he ends up winning in that round he ends up with a win of $40. He can choose to continue playing the game but after every win, he has to start afresh by making a new bet from scratch.
Does the Martingale Betting System Work?
It does sound like an easy win when explained in this sense. However, players need to understand that this system does not work on all casino games. One downside of the Martingale Betting System is that it needs one to have a big bankroll to ensure they keep playing without the inability to following through on doubling up. For example, if you place a bet of $10 dollars on a game and you lose 6 times that means that you have to bet a whopping sum of $640 on your seventh round. Not so many players have this kind of bankroll and so it places a limit to how many people can adapt the Martingale system for their strategy.
Also, every casino places a maximum betting limit and that hinders the Martingale System, even if you have a huge bankroll. So, it is safe to say that this system works when played in small doses. A player needs to set a personal target they are willing to reach and the number of losses they are willing to handle before they can win.