With a huge number of betting systems to discover when playing all of the games here at BetKing, finding out the one that works best for you is important. One of the world’s most popular strategies in use in games such as roulette, blackjack, dice games, and baccarat is the Martingale betting system. In order to discover whether or not the Martingale betting system is worth your time, you will need to know the ins and outs, the risks you may face, and how these can affect your overall bankroll. Here, we’ve put together everything you should know about the Martingale betting system.
What Is The Martingale System?
The Martingale betting system is one of the oldest in existence, with the first reports of similar techniques being used in 18th century France. This was actually originally designed to be used with a coin game, which will see the player win back the coin if it was to land heads-up and lose if it landed on tails. The concept of the strategy is that a player should double their bet after every loss, so that their first win after a losing streak will recover all losses.
How Does It Work?
As mentioned above, when using the Martingale system the player will double their bet on a loss, and claim back their losses on a win (hypothetically). For example, in roulette:
This leaves Player 1 with a net win of 5 Bitcoin, and as you won before the losing streak, Player 1 is now up by 10 Bitcoin.
Can Martingale Increase Your Chances Of Winning?
Whether or not Martingale can actually increase your winnings is entirely dependent on external factors, such as the game that you are playing, how much your initial bet accumulates to, and your bankroll. Taking the same example as above, if you’re betting $5 every time without using the Martingale system, on red, you play for 30 spins and have $1000 to play with, your chances of winning sit at 46%. If, however, you are using the Martingale system, and you play for 30 spins with $1000 to play with, betting $5 each time on red, then your chances of winning shoot up to $82 – however your losses account for much more than you win if you hit a long losing streak. Another reason why your chances may actually be decreased with Martingale is a result of your bankroll. If your bankroll is limited, and you find yourself hitting a losing streak, then you may discover that you will accumulate bigger losses. This is a result of not being able to continue betting in order to hit the big win which will allow you to make up your losses.
Which Game Does Martingale Work Best On?
There are a number of different games that you can enjoy playing Martingale on, including:
American Roulette – The odds on an American roulette wheel are highly in favour of the casino but using the Martingale system can allow your wins to accumulate more in terms of funds.
Blackjack – Using a proper strategy can be highly beneficial when playing blackjack and using the Martingale betting system in addition to this can allow you to capitalise on your winnings. However, in order to use the Martingale, you will need a bankroll four times as large.
Baccarat – This is one of the best choices to use Martingale on, but it’s much more beneficial if you can find a slower game. Remember, you’re trying to win in the short term, so if your set number of games is over quickly, you may decide to move on. However, when playing online, this doesn’t make a difference as all games are played at the same speed.
Dice Games – Using Martingale on dice games is a popular choice, as you have just two choices (Hi or Lo) and therefore a 50/50 chance of winning and losing.
How Does Time Integrate Into The Strategy?
Generally, Martingale is designed as short-term strategy, as players could very quickly find themselves dipping very deeply into their bankroll within a short space of time if they hit a losing streak. If the bankroll is almost endless, then players may find themselves bumping up against table limits (although this is not an issue when you play with BetKing due to our high betting limits). The longer you play, the more likely you are to lose, and splitting your gambling up into sessions is the best way to ensure that your losses are minimised. However, as a short-term strategy, you could find yourself up on funds very quickly, and with internet gaming, play is much faster so be sure to account for this as part of your strategy.
As you can see, there are a number of pros and cons to using the Martingale system. As long as you have a sufficient bankroll and you’re willing to take the hit that a losing streak can accumulate, the Martingale system can be beneficial in boosting your winnings. Use the Martingale system on our Bitcoin Dice game by registering with BetKing, today!