The working principle of the Martingale betting strategy is simple and straightforward. During your roulette game, place your bet, select your preferred option, and wait for the spin of the wheel. If you lose the bet, the Martingale betting strategy dictates that you double the next one. If you lose again, you are required to double the bet again. You continue in this way until you win your bet.
The win that you achieve after placing several bets will match the original bet that you placed. Furthermore, with the win, you will have recovered all your losses. After landing the win, you can start all over again.
A good example of the Martingale strategy in action is as follows:
- You wager £1 on your first bet – result, lose
- According to Martingale, you need to bet £2 on your second bet – result, lose
- You are required to double your bet and see if you can win, so you wager £4 – result lose
- On the fourth bet, you are required to double the third bet, so you wager £8 – result win
When you do your calculations, you realize that in winning the £8 bet, you have emerged with a £1 profit, i.e., £8 – (£1 + £2 + £4) = £1
- Offers you a high possibility of achieving a win within a short period of time, assuming that your first bet is low
- Compensates for all the losses that you incur during gameplay
- In some instances, it can result in massive losses, especially in the long run
- You can easily reach the maximum limit allowed for betting on roulette and fail to recover your funds
The Martingale betting strategy is very effective, and perfect for players who have a loss limit of about 8-10 bets. Furthermore, it’s worth mentioning that it’s very effective with even-money bets, i.e., colour bets, odd/even bets, and group-of-numbers bets. In addition to wagering on even-money bets, you need to ensure that you stay on the same bet for every wager you make, in order to successfully make a profit, i.e., if you wager on red, all the subsequent bets also need to be on red.