Martingale
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Martingale
Martingale is probably the best known system for money management. Originally designed for use in casinos, this system has nothing to do with picking objects. Martingale is a system which helps you control your stakes. With Martingale, you can be a lousy bettor, but still win money. Please not that Martingale is a system with very high risk of going broke.
The principle of the Martingale system is as follows:
If you lose, you double your stakes, and if you win, you start all over on your starting stake. This means that you eventually will be ensured a profit. Follow this example: You've found a game with odds 2.0 for home victory. You bet 100$, but you lose, as the game ends in a draw. Next time you bet 200$ on a game with odds 2.0. If you lose again, you must bet 400$ on a game with odds=2.0. If you win this time, you've placed a total stake of 100+200+400 =700$, and you've won 100$ for your efforts. The 100$ payoff is equal to what you would've won on your first bet.
Fantastic system, or what ?
Certainly, if you had unlimited funds available. Or if the bookie would drop his maximum bet limit. Or if you have the sufficient cool when you hit a long losing run. Remember, with odds=2.0, you will have to wager 32 times your original stake if you lose 5 times in a row. And losing 5 times in a row is not too difficult with odds 2.0..... And even if you have lost 5 times in a row, you have no greater chance of winning the sixth time. Too many people think they'll have to win soon when they've lost many in a row. The fact is that the chances for a win is just as big (or small if you like) as when you started the betting sequence. Martingale is in other words a very dangerous system, and should be used by punters with large funds and no nerves. In my opinion, Martingale is not a suitable money management system for the average punter due to it's heavy level of progression
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