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In dice game, there isn't any relation between dice rolls so using martingale can incur multiple losses in a raw and wipe out your bankroll but what about sports betting?

You bet on a good team, it will win eventually. No?

good team, less profits though. Even in sports betting, its not a guaranteed fool-proof strat.

I think this has been discussed many years ago.

• A true Martingale system for sports ;D (https://bitcointalk.org/index.php?topic=1356178.0)
• Martingale for win, my own experience (https://bitcointalk.org/index.php?topic=2995887.0)
• Is there a good modified martingale strategy? (https://bitcointalk.org/index.php?topic=1723111.0)
• Martingale Soccer Betting System (https://bitcointalk.org/index.php?topic=1395268.0)
• Martingale Basketball Betting System
   (https://bitcointalk.org/index.php?topic=1755485.0)

Personally, I don't like Martingale System specially in sports betting, might better if you just parlays.

I would rather bet on parlays than on doing martingale and I have tried it for a couple times but it seems this strategy would only fitted fast pace games like dice and other
similar games but for sportsbetting I don't think it would really be appealing.IMHO.

I have no idea about this martingale strategy. I tried to adopt with different strategies but every-time I end up losing money hehe

I am not sure how this people all around makes money with gambling but when I gamble I play it for fun and I am ok with the lose. I am planning to gamble a little in the upcoming world cup cricket match. By the way, I gamble in sports not in those casino games.

+2 merit for the investigation.

Cheers :-)

Right, I haven't check the links though, but you need a lot of money just to used martingale in a sports bets so I don't know if this will fit others which bankroll is limited. I know that there's a lot of discussions of this system, and unless you haven't try in let's say dice games, you won't appreciate it's true (or not) effectiveness.

Only professional gamblers, tipsters and the so can make it win but only sometimes. Martingale has a bad history of making people lose money. I never seen anyone supporting this strategy yet but in my beginning I was also fashioned by it.

The results for me were poor as almost anybody else.

Exactly, this type of system is good in the beginning only, and if you continue to used it specially in sports book it will hurt you eventually. I have tried this system so many times, that I can conclude that you will lose money in the end specially if greed and you don't have control of your emotions.

Well sometimes gambling can't you expect because it's totally unpredictable.

We already aware that sometimes great team able been defeat by loser team.
When you're playing on dice using winning chance 90%, are you able to achieve profit from it ?

Let's think about it !

Martingale is a strategy developed in France back in 18th century. It is mainly a technique to recover losses one is incurring from previous bets. It is highly risky and I personally don't prefer this strategy in my gambling activities.


Not necessarily! It surely increases your chance of winning but there's no assurance! If you apply Martingale strategy in any gambling activity including sports betting, it either increase your losses or recover it. So it's all a game of luck at the end of the day where no strategy works perfectly unless you are lucky!

It's been discuss and there's some forum members also try using the system, the question here would be the type of sports gambling and how huge your bankroll, giving you an example, if you will play for GSW as a favorite from this NBA league, the odds would not be so friendly to you, so you need to compute the funds that you'll going to allocate after certain loses happened.

We do have differences with how we take the system for our own benefits, just need to consider all those aspects that will affect your system and
reassess other's points of view to build better foundations.

Eventually it will, but when exactly we have no way of knowing. Now, when betting on a good team your multiplier is more likely to be x1.1. If you lost $10 fist time, you have to bet $100 next time in order to get even. If you lost second time in a row, your next bet should be $1,000 for the same reasons as before. And if you lose for the third time, you are broke, in case you don't want to continue this madness risking to be even more broke.

Compare this to dice game, when you are betting with 90% win chance. You will win eventually, no? Of course you will. But, as you can see, the situation is exactly the same.

I don't think martingale strategy will be popular and succesfull to implement on sport betting since people have bad experience during use this strategy that martingale was already used for almost all of gambling games from different people but eventually most of them got busted even deep lost and i was really doubt if you use it for your sport betting then it will working well

In dice, sometimes martingale can lead to winning, but the strategy is extremely dangerous, so trying it not worth the risks. The reason for that is that it's very easy to lose everything with it. However, I believe that in a hypothetical situation in which a person has infinite bankroll, it's a winning strategy, since eventually you will win. As for sports betting, I think applying martingale is even harder. Let's say you bet on team A and lose. Then you double the bet on team A. The thing is that, unlike with dice, there are no clear odds of winning. Moreover, the situation changes, because team A playing against team B is different from team A playing against team C. With the odds changing and you not knowing them for sure, I think it makes martingale in sports betting even more dangerous.

It can be effective "at some of the cases". Generally it's not effective to majority but it doesn't mean it has 0 chances to win. Case to case basis indeed.

I did that (somehow similar) in Directbet back then in NBA games. As a long time NBA enthusiast, that's my advantage. Im playing with @1.6 - @1.8 odds (not a literal x2 when lose). It's quiet impossible for me to lose 5 or more times in a row so the strategy is quiet effective, again "at some of the cases". Don't play on random betting since you cared for your capital.

But again, it's not recommended for those who are just trying to chase wins. My sports betting experience in basketball is purely to maintain winning stats whatever the odds is.

Again case to case basis. Don't force yourself in a strategy that is not effective to you.

I was thinking about that too, not a bad idea and near to higher possibility of win at some point. Let's take FC barcelona for example, bet only on this team and only on one league (la league). And I think about two options, stop betting after 80% of matches are played and your last bet won or follow fully and stop game on last match, continue from old condition to new season start.

For sports betting I feel anti martingale strategy to be better than the martingale strategy, because the loss continues if the strategy doesn't work. With anti martingale the loss at least gets minimized as we go with higher bets only after winning and decrease the bet value whenever we face a loss.

Sports bet are easy but little risky too. You may bet on a good team and eventually win but what if you lose? That will be a huge loss, in fact 5/6 times more than your profit. So, you won $100 from 4 bets and lose $150 on one bet. That's the risk.

I'm thinking of the using this strategy for those NBA teams that are going through a loosing streak like example is the Los Angeles Lakers who is now on a 2 game loosing streak or maybe the Miami Heat which is on a 3 game loosing streak. I'm thinking of placing a bet on their next game. I noticed the stats of New York Knicks and Phoenix Suns, zero wins in the last 10 games.

Martingale strategy is obsolete and i don't think anyone is gaining good profit from it. For the sports betting, it is a common perception that if we bet on the stronger team we will win always. Although it is true but there is no grantee for this also.
I have seen many games where the stronger teams loses on a day and it makes a lot of sports betting people big loss. We should be careful in sport bets and only bet in selected games where we know that a chances of certain team can win are more than 80%.

Y'all seem to have bad experience with it, so I guess I'll just leave it. Thank you for taking time to reply :)

In dice successive defeats will never occur or rarely occur. thats why Martingel sometimes works for strategy. In sports, using a good team, of course the odds are very small? and it's not worth with the risk I think, because a good team can lose right?

I tried Martingale strategy. I can say it's works if you have huge bank.
This better for basketball. Bets in each round.

Yes mate, sorry to burst the bubble for you, because majority of us, I'm sure have tested this strategy in lots of gambling, personally I tried it in roulette and it doesn't really work and some on NBA betting, still losing in the end.  :(

You may go for betting as per martingale strategy of doubling your base bet in any type of gambling but you need to make sure many other practical things also in your favor. Like,

1. Sports betting are known for rapidly changing odds hence your lost amount in first attempt may not be covered by the winning in second attempt due to lower odds while you try for second time.

2. Sports betting is not possible for all 24 hours hence you need to wait and try even for paper based gambling too. I mean usually gamblers are not patience enough to test and adjust their strategies hence they are all simply sticking within quick way of gambling which is available to them at their own times.

You have to risk 110 to win 100, how could it work?
Even if you do the NBA with higher stakes and find odds of 1.96 (only 4% juice/fee/vig) - how can you make profits by losing 4% of your bankroll regardless of who wins each game?
Doesn't make any sense.

The martingale system is just a trick,created to fool the idiots that they could make some money out of luck based gambling games.This system(and any other system similar to maringale) just doesn't work and this is proven.Betting on a good team doesn't guarantee anything.You have to analyze the team's performance.

No, I place bets every round.
The betting options for this type of bet are two:
Odd = The total goals scored in the match will be an odd number.
Even = The total goals scored in the match will be an even number.
And use Martingale.
Coefficient 1.8-2

lol no . martingale is created by experts a long time ago . you can see it when you search about gambling strategy/methods  .  im  a regular user of martingale and i can say that is working on most time but not all the time as we all know that gambling is a verry hard game to win  . it still needs a luck and not just a continuos use of strategy  .

No that sounds like the solid foundations to build a great fallacy strategy for betting.   Many die hard supporters will have taken this route and suffered.   The problem would be teams change, people change and dynamics between teams cant be relied on to repeat between seasons or even games.

I just think its too general and really not a helpful aid to gaining any advantage in betting sorry

I agree with this, and, as I explained earlier(although it seems that no one noticed), martingale in sports betting is no different to that in dice betting. The main flaw of the martingale strategy, applied to any kind of betting, is that it implies that you should win in the end and thus make, not big, but still a profit, and that this profit is guaranteed. If that was possible, no casino would stay afloat till this day. All of them would die out shortly after opening, and there would exist no such thing as gambling.

I would say there is a big difference,,, but you are right all of you,,, not in the end result, but perhaps in how quickly you will reach this end result.

Dice: blind probability.
Sports: somehow good or bad value, plus much higher chance of variance. And a team can be expected to beat any team on given day, plus there is no provably fair ;)

This only works if you have infinite money.  There are max bets in place as well to prevent this.  I know you think you won't lost 20 times in a row but eventually it will happen.  At the point you will be risking a huge amount just to earn a small sum.

I used to bet this way in sports.
Here is my opinion on it :
https://bitcointalk.org/index.php?topic=5100668

Just don't bet expecting one team will win eventually, you have to take in consideration the odds. Let's say you place a bet at 1.08, you have to bet much more to make up for what you lost in your previous bets. So the risk of losing it all is higher.
Like I said in that thread I just posted, I liked to bet on events with relatively high odds like over 2.5 in soccer. If you bet on high scoring teams, in the end, you'll probably have a winning bet soon.
You have to analyse lots of stats if you're gonna bet this way and make sure you don't lose control (be patient, don't overdo it because you're greedy).

Yeah right, as this strategy was already been tried many times by some of the forum members, eventually they just all gone without
succeeding with this style of system, martingale is for short time strategy and those who are capable to control after winning small amount
then quit the house.

In sports betting we have lots of difficulties like we have no confirmation about we are winning and there is no guarantee that team will definitely win at that moment.

You better have to watch it live if you are eager to know the real results so that it won't disappoint you during an ongoing match. Betting on sports but don't know what is happening is like taking a guess who would win. What if you set or someone set a handicap for the bet, you might lose it already if you don't know who wins. Though we already have cameras and computers today so we can review and watch the replay instead of waiting who would win if you are too impatient. :)

Matringale doesn't work in anything even in sportsbetting and trading , I made a topic with a real example before so feel free to check it
https://bitcointalk.org/index.php?topic=5035907

doing martingale you will reach a point that you will risk your whole bankroll with one bet , and that's the most stupid thing to do in any kind of investments
if you are good with sportsbetting then you should have profit repeating the same staking size , no need to chase a few units that you lost in a bad run

Please do not call all gamblers fool in general. Because, with martingale I was able to crack profits in real time betting as continuous negative is rare in real gambling environment. Then, why this strategy is failing online ? This strategy may get failed if there will be continuous losses for us. We may ask why continuous losses are happening while gambling online but not in real life.

When we toss a coin, both head and tail may happen at 50% chances. If we get continuous 10 or 20 or 50 heads then that also possible and we cannot ask anyone why it is happening like that because there are always 50% chances for that to happen. It is pure randomized one hence anything may happen as most gambling houses are claiming.

People who offer odds are best in sports betting, also sometimes these odds are against you. For example when you see very strong team playes against very weak team and also stats of first one is a lot late wins and they have great season, you think to risk and bet even on low odd but time comes when such bet loses.
Btw I'll choose FB barcelona and see last 2-3 years statistics and let's discuss how beneficial martingale would be here (see my old post too in this thread to understand more in details).

Forget about it mate there is no winning strategy for sports punting.
The wise guy casino bosses and line makers are always ahead of the general public.
Heck even professional punters know this strategy wont work and they need to create their own.
This is why you dont see very many pro punters and most of them are selling their plays as the only real way they make an income.

I do believe that sports betting isn't a good way to make money cause we mostly loss rather than of winning. This is the way casino survive and have a millions in their wallets. They have the winning trick than of the players and even we win but they'll get much on the other players.
So we may think that sports betting is just of having fun and don't get mad if we loss our money, the most important is we've enjoy the plays.

Strategies make you believe that you’re earning but in reality its useless because luck is always on the side of gambling. Strategies on how to handle your finances is much better, but if you just think about the gambling, it wont really work in long term trend.

You may go for betting continuously as per martingale but make sure how long your sport event will last to get you enough number of opportunities and another hurdle would be your available bankroll after the lost previous round(s). I guess a well pre-planned sports betting through martingale may end up in sure profits given that you are capable for deciding things and transact faster.

If you are referring about going for martingale strategy with your sports betting across different matches on multiple days then I guess that you do not need any special skills and you may crack profits but you still need big enough bankroll to support your martingale strategy.

Yes, you are right.
Any strong team have chance to lose because it's sport!
Statistic show it but this is really rare case.

Attempting to have a big enough bankroll for supporting your martingale strategy is a dangerous thing to do imo. Your bankroll should never exceed the amount you can afford to lose, and that's what is essential, not the amount needed for supporting your strategy. Only that way if your strategy fails you will not regret much your engagement in the game. Gambling is supposed to be fun, and losing big money is not funny at all. No skills can guarantee a positive outcome. We should always keep that in mind lest we become those whose life was ruined by gambling.

Indeed, there’s no easy way to earn in gambling if there’s no luck. Many gamblers tried this strategies and you can see the result is still bad for them. Maybe gambling will be more profitable if you just have fun with it and stop thinking about profit, but there’s still no assurance for that. Martingale will not work, I don’t want to try this.

I have experimented using martingale method in sports gambling but it only makes me upset.
Patience is really important and I have proven that, just take it slowly and consistently, you don't need to win everyday because that is impossible,
what you need to do is just win most of the time and with that, flat betting is good and proper bankroll management is necessary.

According to Martingale Strategy Applied To Sports Betting (http://www.aussportsbetting.com/2009/05/20/martingale-strategy-applied-to-sports-betting/), martingale can work if you can be wise to choose the teams and you will need to have more money to make it work. But it could also make you getting lose the money if you are not careful and too greedy.

I think no matter what is the strategy you used, as long as you can choose the right teams, you will have a big chance to win.

Actually, there still more article that explains about martingale in sports betting, and you can search for yourself.

Martingale strategy is a profitability theory for gambling and letting the old french to at least win in gambling but I don't really think it may apply in sports betting. Martingale bases with the stakes and was proven that they don't really work from any types of gambling platform. It was actually originated for roulette strategies of betting.

We all know that sports betting is different gambling. Why don't you just analyze the capabilities of the players and make sure you know how the game works? That would be the best strategy for sports betting.

Knowledge within is the best strategy that will surely works inside sports betting, if you understand the types of game you are betting with and you know the statistical advantages from one to another your chances is far bigger, instead of taking the risk of using martingale, make a use of your skills analyzing the sports you'll going to bet with.

yes I agree with your statement because not in all time strategy will helpful for you to get the success in gambling in all time but the luck is always needed to be a successful Gambler and making the profit also so more than strategy luck will play an important role in gambling.

Strategies won't work in most of the cases in gambling and Martingale strategy is not for the sports betting. I mostly do sports betting and for that I always bet on the team which I believe is more strong on the paper. Although I do not win always by this but my wining percentage from sports betting is more than 70% which is quite satisfactory.

I think Martingale sucks in sport betting.

Firstly you need a team which is quoted at a 2.0 odd all the time. cause on a good team it doesn't work. lets say one week Barca looses and second week you place a double amount bet on the next week on Barca at a 1.3 odd then you still do not cover your previous loss.

If you want to apply Martingale on a good team then you can better bet on them to loose. The very good teams will loose a game eventually and mostly those odds can go up to 10+. So if you apply martingale on for example Barcelona to loose you will eventually win. And if you are lucky they loose at home against a very weak opponent then you can make a nice cash.

Yes, Martingale was being used in gambling to think for an easy money yet many gamblers failed on this one. Sports betting is different since you have to look for a better team so you can win which is beyond your control and any strategies like this might not work well.

I think it has nothing with sport betting. There are so many possible results of the game you may make a bet on. But normally one day you are going to win if you will use martingale over and over again ate the same result of the match, but I guess before that happier you will loose a lot.