Let’s take an example of how the Martingale strategy works applied to a sports bet on a certain championship. Check out:
Sport: Soccer
Championship: Premier League
- Bet 1 | You bet $50 on the winning team with odds of 2.00 you lose
- Bet 2 | You bet $100 on the winning team at odds of 2.00 you lose
- Bet 3 | You bet $200 on the winning team with odds of 2.00 you lose
- Bet 4 | You bet $400 on the winning team with odds of 2.00 you lose
- Bet 5 | You bet $800 on the winning team with odds of 2.00 you lose
- Bet 6 | You bet $1600 on the winning team at odds of 2.00 and win $3200
Thus, the $3,200 that you win on the 6th bet made on the English championship recovers (by a lot) the money initially invested. That is, regardless of the result, you have a profit with the bet made on the championship.
Betting with the Martingale technique
This modality has its origins in the game, but it has also been dangerously applied in the financial world, in binary options and forex, for example. Because it is not a complex methodology, it does not require any experience. You just need to know which market to bet on and be willing to make a profit in the long run. After all, that is the main objective of the methodology. It is a probability method known to all sports traders who also take advantage of Bitcoin bonuses, for example.
Then keep betting on the same team, watch the results, and if you lose, keep betting (always, of course) very sparingly. And when you win, you will get your money back and you will also make a profit.
How to bet on sports betting with this system?
It is very simple! As we explained earlier, the Martingale is considered one of the easiest ways to bet. You just have to choose which championship or sporting event to bet on, place your bets and keep an eye on the results. And keep betting until you win a bet and get money with your sports bet.
Is it possible to bet in the casino with this technique?
Of course! Just as it works in sports betting, it is possible to apply the Martingale methodology with a bet in the Casino. This methodology works most effectively on bets that have a 50/50 chance of winning, such as the color or odd and even bets in Roulette.
Let’s take an example of this in practice in a Roulette game: if you are gambling in the casino and you bet $1 on red in Roulette and you lose, according to the strategy, you should bet $2 on your next spin and again on red. If you lose, you must bet $4 on the same color, and so on until you win. When you do this, you will win back your lost bets and earn some extra. When this happens, you will have to start over with the amount of your initial bet, which in this case would be $1.
We hope you liked our tips on how to apply the Martingale technique to your sports betting or your favorite casino games. With Bodog you always have an advantage.