Martingale strategy in Sports Betting

[libert19]

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

[iMark]

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?

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?

[MrCrank]

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

[peter0425]

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

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.  

[raven7886]

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 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.

[Get-Paid.com]

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

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.

[davis196]

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?

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.

[MrCrank]

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

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.

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

[imstillthebest]

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?

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.

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  .

[STT]

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

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

[Betwrong]

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

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.

[leea-1334]

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

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

[Indamuck]

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.

[kenzawak]

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).

[Fredomago]

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

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.

[playboy654]

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?

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.

[Oceat]

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?

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.

[SyGambler]

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

[beerlover]

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.

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.

[shield132]

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

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).