The Martingale betting system is either famous or infamous, depending on your perspective. It is a progressive staking plan that is designed to guarantee a profit by doubling up stakes after every losing bet until a winner is found. Theoretically, the Martingale system can\u2019t lose, but in practice, its use can be devastating. Here\u2019s all you need to know about how the system works and why you should avoid it.<\/p>\n
This is a staking plan that has been around since the 18th century. It was commonly used in casinos in France, most often at the roulette wheel. However, it has since been used on other games or events that pay odds of 1\/1 for a bet that has a roughly even chance of winning or losing.<\/p>\n
The way the Martingale system works is easy to explain. You start by staking 1 unit on an even money shot. If the bet wins, you take the profit and start over. If the first bet loses, you double the stake and bet 2 units on the next event. If that loses, you double the stake and bet 4 units on the next event. You continue in this manner, doubling up the stakes after each loser until you get a winner. When that happens, the winner, at odds of 1\/1, will give you a return that covers all of your preceding losses and leaves you with a 1 unit profit left over.<\/p>\n\n
Let\u2019s provide an example to show you how this works in practice. With the Martingale strategy, roulette bettors focus on betting on even-money outcomes such as red, black, odd, even, and so on. So, let\u2019s say that we start betting on red, beginning with a stake of \u00a31. Here\u2019s how things would go if we had four losing bets and then a winner on the fifth bet:<\/p>\n