Bitcoin Forum

 Hi guys

First of all I am a girl who like sports betting. I have been thinking a lot of how to implement the Martingale system in sports betting in real life.
I am going to show you my idea , which is quite simple, but is appealing only to very disciplined and experienced players.

Its easy, first you pick a team which has been always middle of table in standings or a bit lower, but not too much.
You start betting with 0.01 BTC and double this sum every time until you win. Odds of course must 2 or more to achieve this.
1 Bet-0.01
2 Bet-0.02
3 Bet-0.04
4 Bet-0.08
5 Bet-0.16
6 Bet-0.32
7 Bet-0.64
8-Bet-1.32

About 3 BTC needed for this if you play 8 matches, and 1.4 BTC if you try the seven match martingale system.
In 8 times playing at home ground the middle team should win at list 1 time to make sure you make profit. Profit varies at which number of bet the team wins.

I want to try this with Premier League, or lower English divisions as they have very good odds  8)

This is only a suggestion, I am not responsible if you lose a lot of money, not my fault in anyway, you decide what to do with your Bitcoins.

if you have calculate like that, i will give big applause for you when you can reach your goals. i'm not good gambler in sports book but as i know is really hard win if you always picks winning odds x2 in every bet you made.

Why isn't the bet size on the 8th bet 1.28 btc (=0.64 * 2) but 1.32? Anyway, the problem of martingale in sports betting is the same as in dice or roulette, that is while it is unlikely for you to hit a long streak, you will hit it eventually when you keep betting and will lose all your money.

it's really hard to achieve 8 winning streak with X2 odds or more
in my opinion players should use the normal marinagle in sports betting , no need to keep doubling when you win cause it's so hard to achieve 8 streak
but at the end it's all about the experience , if you found it good then go for it

It seems to me you have misunderstood her plan. She was suggesting people to "double the bet size until they win" rather than "double the bet size when they win", so it is pretty much the normal martingale.

ahh I thought she was suggesting to double the bet when you win till you achieve that amount
so basically this is just martinagle , not A True Martinagle System  ;D

It could work but if for some reason the team you picked fails to win atleast one time during those 8 bets then you're down 3 BTC. It is risky, I bet on sports a lot and I'd say there are other better/less-riskier ways of making money with it.

This is not a great methode for winning you the best chance to win always have a low odds so there is no need to do odds x2 you can win beter if you aim bet with low odds

Good idea but this is not the best way to win straight sometimes you will lose so if you do the martingale i think you will not lose if you follow this method.
But it will still base in luck and there's no perfect strategy that you can win straight..

It's not as easy as you think. You can't just pick a team, you have to do some serious research. This might have a chance at working if you're a professional handicapper but if not, you would have a better chance at provably fair dice.


You usually have less chance of winning when odds are 2 or more. So when betting blind, theoretically you would lose more times then win which means the sample size should be much greater then 8.

If you do this method on top teams for example in soccer like Bayern Munich, Barcelona, real Madrid and Paris saint Germain which they dominated the league you won't lost that much in 3 weeks consecutively,  the odds are pretty low around 1.3 or less but it's almost guaranteed just try it .

It only takes one lose to set you back a good amount though. These times do eventually lose or draw. Don't forget that!

I mean you should make just a simple win in 8 matches where the team plays at home, English division 1 or 2 I have checked that rarely a team of middle standings will not win for 8 consecutive wins. If you win at lets say 3rd try which is 0.04 BTC, you start again with another team, another championship and starts over from 0.01 BTC.

Of course if you do this with known teams, well its much more probable that you win early. After each win start over.

And yes it should be 1.28 BTC the 8th time, my error.

And yes its a big risk through this strategy, but remember this is gambling, nothing is guaranteed.

but would it really work ???
I think it must in short term, however, still dunno in long...

It sounds good but its highly unlikely you will be able to achieve that many wins in a row. It doesn't seem so much different from regular dice unless you got better odds at sports.

Then tripled the bet amount to set it back to previous profit, pretty simple as i practiced this lately.
Don't forget too a teams like I've mentioned above rarely get lost or draw that's why their odds always low, they dominated the league.

This martingale will fail if you are betting on Chelsea to win. I remember Chelsea not winning most of their games from the start of the season till now. You could have easily got busted if you do that in sports.

First, martingale is stupid, period.

Second, it is especially stupid for making money line bets, especially on a sport like soccer.

The only reason martingale "works" is because the odds and the payouts are (close to) 50/50 2x. Each soccer match has different odds and payouts, and that needs to be factored into whatever you are doing. What happens if the team you pick has a long losing streak? Or what if the schedule is such that the only games that they win have a lower payout than 2x?

Thank you guys for your feedback. So based on what is said here, I think to better not risk this high amount of BTC to try this system.
I had just an idea and wanted to share, to see reactions  :-\

So final word is not worthy.

Increasing it by *2 seems to be a thing for those with big bankrolls. Also, there aren't sure profits to be gained in a sports bet. This is one method to lose your money fast than any other gambling methods there is. If it works for you then great, but most of the time it wouldn't.

Any "system" to succeed with sports betting is going to require research into the stats/games and figuring out which bets are good and which bets are bad. Or finding ways to arbitrage (very difficult) so that you will make money on all possible outcomes.

Just look at what would have happened if you tried this with Crystal Palace over the last 8 games? you would have lost a lot of money.

Bookies design the bets to be +ev for them, which means they are -ev for us. You can't beat that with any system.

You want to try and pick bets you can have an edge on rather than looking to just bet ones which fit your odds correctly.  If you can find some ratio where you can bet martingale style but have an edge you will win just like the house does against you in dice.  Overall just make sure you dont invest what you cant afford to lose imo.

Martingale strategy is a fail system.You cant win in long-term with martingale strategy.
Is very hard to make money with gambling.

Sports betting is basically the same as regular betting, the odds are placed by the house, they are not giving odds where you can actually win money in the long term, they are not in the business of losing money. Of course it can work in the short term since the random aspect of sports can strike at any time and an upset can happen any day or you could be REALLY good at predicting (there are actual professional sports gamblers that use math, especially in baseball and sports like that analyzing numbers only).

Arbitrage was well known a few years ago, people checking different odds from different bookmakers, so they tried to make money whatever the outcome. I know these guys exist yet, but is almost impossible to do this now, as you have to be a member of at least 100 betting sites and also pay them the fee for telling you what match to combine through different bookmakers so you can win, no matter the outcome.

I would love if such service is offered here in this forum, although I highly doubt it, no one has the time and facilities do to this these days in my opinion.

Although arbitrage sounds amazing in theory is very hard to do, you have to calculate lots of odds at the same time if you are really looking to find one and be quick to place your bet, a single odd changing will screw you up. And you also have to take huge risks if you think an odd will adjust in the next hours, it's like predicting odds really, for example if you know a certain important player won't be able to play or is doubtful, this could massively impact the odds either way and you can "create" the arbitrage if you foresee that before it happened.

Bottomline is, arbitrage is not too much about gambling, if you have a system and work your ass off you will make money but it's hard as any other job, and it has some risks. Gambling on the other hand unless you are a math level genius you won't be able to profit in the long term (in sports I mean, see FanDuel or DraftKings).

It will be very difficult to make a living doing ONLY arbitrage, and difficult to make both bets at the same time. But you can find opportunities if you make lots of bets over time. For instance, if you bet Panthers +475 to win the Super Bowl or Broncos +600 before the playoffs started, or at even greater odds before or throughout the season you coudl guarantee yourself some cash tonight.

But to do that would involve making good bets back then, which takes effort, not some sort of easy system.

Predicting the Super Bowl finalists is not arbitrage, arbitrage is not about predicting the outcome of a game or a tournament, is more about predicting the odds that will be given and wait and find the arbitrage. The easiest way is to find the arbitrage already there but in my experience it's very hard and the window closes fast if that was the case.

Same here!

Which means I don't understand really the point of the post. It's just a martingale system!
Not bad hey, but just extremely classical ^^

Seems to be a nice model to be applied to sports trading.

Perfect to be used in a soccer match where a week team plays at home with a strong team ;)

From calculation perspective it looks good but in reality very difficult to get always winning team odds more than 2 or at least 2 or one may need to wait very very long time to get this done. In my opinion this concept will not work in sports. If you want to make money in sports than don't really look to double your money immediately instead looks for the most probable winning team to bet.

Hmzz, your ideas very interesting and pretty good. But it was all not everything will work out well, because sometimes these predictions make a great defeat, I also think, sometimes a team that not entered the top 10 in the standings will win by a team that entered the top 10. Because they also have the passion to become a champion in a match. So your idea is less precise.

I think Martingale works a lot more well in sports betting than in real life. But seriously nothing is guaranteed and anyone can bust easily over this method.

It's probably not going to work as the odds of betting on dice are almost the same. It seems like a decent idea if you are into sports and watch alot of it, so the odds might be slightly in your favour. If anyone plans on doing this, good luck to you!

It is not fail though, you just need to set your balance and your bet amount well to get some good profit. Without make a good setting on these I believe there is no one could make good outcome

I see we have not understood each other, I know Chelsea have lost many of their matches this season, but have they lost 8 consecutive games playing at home ? I think no although not sure.

For those who thing this is a big bankroll, can start out little by little not from 0.01 BTC, but from 0.001 BTC this way more chances of trying this method, but this one needs a lot of patience, that rarely is to be found on gamblers. 8)

No infinite bankroll =  no martingale...

Wow i never see a girl like sports betting. I think martingale system is good for sports. It's not like dice who have provably fair. and on sports it's really fair.

And you haven't seen enough. Today I think making my premier start with a girly tipster thread :)

Many people believed like that, martingale only works on infinite bankroll which it's means the strategy would not work at all in the end.
So do I, no matter what kind games you gambled , using martingale needed a very large bankroll with very low base bet.

Martingale alone is not good enough to call it reliable system. Trying to  incorporate it in sports bets its even stranger idea imo.
I don't see any potential application in sportsbetting as variables of sports betting are even more martingale unfriendly than while playing Dice.

And the odds on their next home game are 1.48. How much are you going to bet? What happens to your system if they choke in that game?

i had used this Martingale system for playing a dice some times ago but this strategy is not working for me and actually i was never thought martingale can use for sport betting but i think use martingale for sport betting have very high risk especially for huge amount bets and i consider that using usual bets is more safe than use this strategy

Well at least here's someone who can attest of having used Martingale for some time and we can have some proofs that it doesn't actually work. I thought Martingale was better suited for sports but I guess I was wrong and it's basically the same as I mentioned earlier as in regular gambling. The house always gets you and in sports is no different, the odds are placed by the bookmakers so they will always have that advantage in the long term.

Don't wait for experience to let you know how it works, do the math and figure it out.

The problem with waiting for the experience is that it works every time, until it doesn't, and then you are fucked.

For a fun math problem, calculate the odds of winning 20 in a row and the odds of losing 20 in a row on your favorite dice site/whatever. then look at how much you win using martingale and how much you lose and see why it's such a bad idea.

Although I'm not into sports betting I think that martingale is always a martingale. You might lose a lot betting like this, but you might win also if you are lucky. What I personally don't like in martingale is that if you win you get a much smaller amount than you might lose.

i would choice parlay bet than bet using martingale method and i would place a bet single bet from every match i select on parlay bets. for me this more better than using martingale because you will not get blow from 1 match and isn't make you lose all your money instantly only in 90 minutes " if you bet on football/soccer"

Oh come on.....

Looks easy written down doesn't it, in reality however you're unlikely to be able to achieve this. One result is always going to kick you in the nuts.