Martingale Betting Strategy Explained Online
Rachel Elam | August 13, 2020 | Updated on: October 1st, 2020
For those unaware, the Martingale strategy is a betting strategy often used in casino gaming, sports betting, and even forex trading. The system works with the general principle of doubling your bet after every loss. However, upon every win you reduce the amount of money you bet.
The idea behind the Martingale betting system is that you should cover your losses by doubling your bet until you hit a win. This means you should be able to always hit the amount you started with before you placed your initial bet.
If you would like to find out more about the Martingale strategy and your odds of winning while making use of it in the real world, read on. Below we have a look at how the strategy works, the pros and cons of using it, and whether you can actually use it in a casino.
We also list the best online casinos for US players, so you can start testing this strategy out for yourself with both free and real money games. So, what are you waiting for?
Test the Martingale Strategy Here
1
$5500 Bonus
7.9
-
24/7 live chat and telephone customer service
-
Play on any mobile and desktop device
-
Bitcoin supported
2
$5000 Bonus
9.8
-
90% Cost coverage, no annual limit
-
Easy, straightforward claims process
-
No annual or lifetime limits
3
$5000 Bonus
8.2
-
Great selection of casino games
-
Wide variety and selection of bonuses
-
All licensed vets are covered
4
$5000 Bonus
7.6
5
$3000 Bonus
9.4
-
Up to 90% reimbursement
-
VetConnect™ 24/7 helpline
-
Save 40% for eligible multiple bets
6
$10000 Bonus
7.1
-
Great range of RTG slot machines.
-
Reliable and experienced gaming operator.
-
Networked RTG progressive jackpots.
7
555% Bonus
7.2
-
Proven fair by TST
-
Mobile gaming abled
-
Downloadable Android app also available
8
$5500 Bonus
8.8
-
Good selection of casino games.
-
Generous welcome bonus.
-
Accepts US Players.
9
$7500 Bonus
7.0
-
Good Selection of Casino Games
-
Hosts Varied Live Dealer Games
-
Offers Generous Casino Bonuses
10
$8000 Bonus
7.0
-
Quick cashouts with Bitcoin
-
24/7 live chat and email support
-
Play on the tablet, mobile, and desktop
11
$7500 Bonus
7.3
12
$2000 Bonus
7.2
13
$5500 Bonus
7.2
14
$300 Bonus
7.2
15
$3500 Bonus
8.8
-
Good selection of casino games.
-
Generous welcome bonus.
-
Accepts US Players.
16
$14000 Bonus
8.5
-
Great selection of casino games
-
Wide variety of casino banking methods
-
Available to USA players
17
$6000 Bonus
7.2
-
More than 200 casino games
-
Bitcoin boost adds 5% in bonus money
-
12. Mobile website compatible with all major devices including iOS and Android
18
$5000 Bonus
7.2
-
Quality casino games
-
Great selection of bonuses and promotions
-
No withdrawal fees
19
$3000 Bonus
7.5
-
Quick Payouts.
-
Easy to earn bonus
-
Free Bitcoin payouts and deposits.
20
$2550 Bonus
7.2
21
$2550 Bonus
7.2
-
Bitcoin-friendly
-
Customer support available
-
Live dealer casino games are available
22
$777 Bonus
7.1
-
47. Offers bonuses as high as $777 with a low staking limit
-
24/7 live chat, telephone, and email support.
-
All USA players accepted.
23
$1000 Bonus
7.1
-
Best banking options
-
Great customer service
-
Top real money games
24
$3000 Bonus
7.2
-
A large variety of casino games
-
24/7 live chat support
-
Instant play games
25
$10000 Bonus
7.4
-
Player-friendly bonus.
-
Industry recommended casino with a long history of the first-class service.
-
6 figures in player cash-outs paid every week.
26
$2500 Bonus
7.2
-
Free casino games available
-
Top banking options available
-
Live dealer games available
27
$3000 Bonus
7.0
-
Best VIP program with great benefits.
-
Available in instant play and download.
-
24/7 support by US phone, live chat, or email.
28
$2500 Bonus
7.2
-
A wide range of games on offer
-
Established Casino providing top service and security
-
Download and on-site games
29
$1000 Bonus
7.5
-
Offers a wide variety of slot games.
-
High-quality games with big jackpots.
-
Accepts US players
30
$2000 Bonus
7.4
31
$5000 Bonus
7.6
-
24/7 customer support available
-
SSL encryption
-
Proven fair by TST
32
350% Bonus
7.2
-
Proven fair by TST
-
Mobile gaming abled
-
Downloadable Android app also available
33
$6000 Bonus
7.1
34
$2500 Bonus
7.5
-
Offers a wide variety of slot games.
-
High-quality games with big jackpots.
-
Accepts US players
35
$2500 Bonus
7.5
-
Offers a wide variety of slot games.
-
High-quality games with big jackpots.
-
Accepts US players
36
$600 Bonus
7.2
-
Loyalty Program for most consistent players
-
The unique and high-quality design of the website
-
Good 24/7 customer service
37
$9000 Bonus
7.2
-
Loyalty Program for most consistent players
-
The unique and high-quality design of the website
-
Good 24/7 customer service
38
$9000 Bonus
7.5
-
Offers a wide variety of slot games.
-
High-quality games with big jackpots.
-
Accepts US players
39
250% Bonus
7.2
-
Accepts bitcoin
-
Great customer service
-
Free casino games available
40
$1000 Bonus
7.2
-
A wide range of games on offer
-
Established Casino providing top service and security
-
Download and on-site games
41
$1220 Bonus
7.1
-
Live dealer casino games are available
-
Live chat support is also available 24/7
-
Modern website design
42
$1000 Bonus
7.1
-
Live dealer casino games are available
-
Live chat support is also available 24/7
-
Modern website design
43
$1077 Bonus
7.1
-
Live dealer casino games are available
-
Live chat support is also available 24/7
-
Modern website design
44
$800 Bonus
7.1
-
Live dealer casino games are available
-
Live chat support is also available 24/7
-
Modern website design
45
$1500 Bonus
7.1
-
Live dealer casino games are available
-
Live chat support is also available 24/7
-
Modern website design
46
$1000 Bonus
7.1
-
Live dealer casino games are available
-
Live chat support is also available 24/7
-
Modern website design
47
$2220 Bonus
7.1
-
Live dealer casino games are available
-
Live chat support is also available 24/7
-
Modern website design
48
$3000 Bonus
7.2
-
Bitcoin accepted
-
Live dealer games are available
-
Good 24/7 customer service
49
$3000 Bonus
7.2
-
Guaranteed fair gaming
-
Employs top-notch technology to protect private data
-
24/7 customer support via e-mail, live chat, and toll-free number
50
$4000 Bonus
7.8
-
Range of deposit methods.
-
Excellent slot gaming games.
-
Regular casino promotions.
51
$1000 Bonus
7.8
-
Range of deposit methods.
-
Excellent slot gaming games.
-
Regular casino promotions.
52
$1000 Bonus
7.8
-
Range of deposit methods.
-
Excellent slot gaming games.
-
Regular casino promotions.
53
$1000 Bonus
7.8
-
Range of deposit methods.
-
Excellent slot gaming games.
-
Regular casino promotions.
54
$1000 Bonus
7.8
-
Range of deposit methods.
-
Excellent slot gaming games.
-
Regular casino promotions.
55
$3000 Bonus
7.8
56
$1500 Bonus
7.2
-
Win free chips while playing slots tournaments
-
Take daily quests and special adventures
-
Upgrade to six levels of VIP rewards
57
$1500 Bonus
7.5
-
Large Sign-Up Bonus and Reload Bonuses.
-
Excellent for recreational and professional players.
-
Early odds for most events.
58
$12250 Bonus
7.2
59
350% Bonus
7.0
-
35. 24/7 support available through live chat, phone, and email
-
Proven fair by TST
-
Mobile casino also included
60
$3000 Bonus
7.0
-
Best VIP program with great benefits.
-
Available in instant play and download.
-
24/7 support by US phone, live chat, or email.
61
$3000 Bonus
7.0
-
Instant play and downloadable casino software.
-
A diverse selection of WGS slots
-
numerous progressive jackpots with huge jackpots.
62
200% Bonus
7.2
63
$3000 Bonus
7.2
-
24/7 support by US phone, live chat, or email.
-
SSL encryption Secured.
-
Proven fair by TST.
64
$2000 Bonus
7.1
-
Well Rounded web Casino
-
US Players are Accepted
-
No Scams or any Complaints
65
$7500 Bonus
7.1
66
$100 Bonus
7.1
-
Huge welcome bonus offers.
-
Special 200% bonus offer for Bitcoin users
-
Fair staking requirements.
67
$2500 Bonus
7.1
-
Variety of RTG gambling Games.
-
The great theme of the site.
-
SSL encryption technology.
68
7.1
$2000 Bonus
-
Collective RTG progressive jackpots.
-
24/7 customer support via email, phone, and live chat.
-
Strong reputation for good service and fairness.
69
7.1
$2000 Bonus
-
Customer support is available 24/7
-
Fast Withdrawals
-
Mobile Compatible
70
250% Bonus
7.2
-
49. 24/7 live chat, telephone, and email support.
-
All USA players accepted.
71
7.2
250% Bonus
-
Player-friendly bonus.
-
Industry recommended casino with a long history of the first-class service.
-
6 figures in player cash-outs paid every week.
72
7.2
-
Variety of RTG gambling Games.
-
The great theme of the site.
-
SSL encryption technology.
73
$2250 Bonus
7.1
75
$4500 Bonus
7.1
76
7.1
-
56. Customer support is available 24/7
-
Fun and entertaining games offered
-
Instant withdrawals
77
7.1
-
57. Plenty of Games to Choose From
-
Customer support is available 24/7
78
$4000 Bonus
7.1
-
58 Diversity of RTG Games
-
24/7 support via live chat, email, and toll-free phone
-
Secure encryption: Regularly audited by TST
79
7.1
-
Various Real-Time Game Games
-
24/7 Customer Support Available
-
SSL encryption code used
80
300% Bonus
7.1
-
Bitcoin is accepted.
-
Average withdrawal limit.
-
24/7 Live chat support.
81
$3250 Bonus
7.1
82
$3250 Bonus
7.1
-
Bitcoin accepted
-
Average withdrawal limit
-
Live chat support is available 24/7
83
$8000 Bonus
7.1
84
$9000 Bonus
7.6
-
65. Play instantly without downloading any files
-
Excellent customer support
-
Bonuses and promotions added weekly
85
$4000 Bonus
7.6
-
Instant VIP Benefits
-
More than 150 Games Available
-
Live Help And 24/7 Support
86
$10000 Bonus
7.5
-
Features both bingo and casino games
-
Instant-play interface
-
Available on most smartphones and tablets
87
$2500 Bonus
7.5
88
7.5
-
Mobile-friendly design
-
Easy to navigate through the site
-
SSL Security Certificate visible
89
$3000 Bonus
7.5
-
The casino is Bitcoin-friendly
-
The casino accepts players from many countries
-
Live dealer games are available
90
$5000 Bonus
7.4
-
Instant withdrawals for e-wallets
-
Crypto-friendly establishment
-
Daily specials
91
$3000 Bonus
7.4
-
Proven fair by TST North America Inc
-
Fast Withdrawals
-
Certified Casino
92
$2500 Bonus
7.2
-
Neteller and Bitcoin withdrawals are quicker
-
Bitcoin is accepted
-
Exclusive promotions
93
$3000 Bonus
7.5
-
Offers a wide variety of slot games.
-
High-quality games with big jackpots.
-
Accepts US players
94
$3000 Bonus
7.2
-
Proven fair by TST
-
Mobile gaming abled
-
Downloadable Android app also available
95
350% Bonus
7.0
-
Quick cashouts with Bitcoin
-
24/7 live chat and email support
-
Play on the tablet, mobile, and desktop
How Does the Martingale Strategy Work?
So, the Martingale betting strategy is a famous strategy and has been around for a pretty long time. Allegedly, it was created in the 18th century in France. But there are suggestions that it may have been around for a lot longer.
We already mentioned the basic theory behind it above. But we’ll try to explain more on how it works and use it here.
- Before you start a gaming session, you set a betting unit. For example, you could set a betting unit of $5. This means that one unit is $5, two units is $10, three units is $15, and so on.
- You will then focus on making even money bets. The martingale strategy is particularly popular with roulette because of the red/black and odd/even bets.
- During gameplay, your first bet will start with one unit. If you win, you will not change the bet amount. However, if you lose, you will need to double the units.
- In a series of losses, the progression could look like this: 1 – 2 – 4 – 8 – 16 – 32 – 64
- If during a losing streak you hit a win, you will revert back to betting one unit.
The idea behind the Martingale is always covering your losses. There are some pros and cons to betting in this way.
Pros of the Martingale Strategy
- The Martingale strategy could give you a consistent sum of money on a winning streak. But this is probably only true for the short term.
- You will win back your losses if you double your bet after each loss and eventually do land up winning a bet.
- As with all betting systems, you are less likely to be affected by erratic or emotional bets. A lot of people aren’t aware of what sort of affect a loss could have on your betting patterns. Sticking to a pattern is one way to ensure that you do not land up losing money in a very stupid way.
Cons of the Martingale Strategy
- The Martingale is a great strategy if you have got an infinite bankroll. Unfortunately, the main issue with the system is that a bad losing streak could make you go bust very quickly. Consecutive losses are hard to swallow even if you are betting small amounts and keep doubling on a small bankroll.
- In the long term, this strategy is not always viable as a long losing streak could also see you hit table limits on bets. And, then you won’t even be recovering your full bankroll on your next big bet.
- It does not alter your chance of winning or your chance of losing. A lot of people get confused about this. But it is important to make a distinction between a betting strategy and a regular strategy.
- For example, using basic strategy in blackjack affects the house edge you face on bets. However, using the Martingale strategy blackjack simply affects your bet size.
Is the Martingale Strategy Illegal?
So, the Martingale strategy is not illegal at casinos. A lot of people have the wrong idea about this betting system. Casinos actually like it when you use it because you are more likely to lose a lot of money in the long run. Essentially, all the idea behind this strategy is chasing previous losses, which is never a good thing.
The only issue with the strategy is that you are likely to hit the bet limit ceiling if you keep losing and you are betting large amounts. The Martingale strategy options for such a case is to keep hitting the max bet, even if it won’t recover all your losses.
Related Guides
- D`Alembert System
- Parlay System
- Paroli System
- Gambling Fallacy
- 1-3-4-6 System
- Fibonacci