The Martingale betting system is one of the systems which are utilized by many sharp NBA bettors who go out of their way in order to gain the desired edge over bookmakers. The reason why they prefer it to the other betting systems is that it gives punters the chance to make up for all their losses at once, instead of recovering them gradually.
What further adds to the benefits of this NBA betting system is that for many gambling aficionados, utilizing it is as easy as falling off a log due to the fact that it does not involve making any complicated calculations. Other than that, the steps basketball fans need to follow are quite simple which means that they are highly unlikely to get confused when applying the system. In this article, we will attempt tо furnish you with all the peculiarities of the Martingale betting system you should be aware of prior to getting started with your NBA betting session.
What is the Martingale Betting System
Although it is not known for sure where and when exactly the betting system saw the light of the day, many experts are of the opinion that it was created by John Henry Martingale in the 18th century. According to this theory, at that time, Martingale had a gambling house, and he was advertising the system all the time. There is yet another belief that John Martingale was not the person who was responsible for the creation of the betting system as it had existed long before he started promoting it. No matter what the case is, the Martingale betting system remains one of the most preferred betting systems for playing casino games, and also when it comes to sports betting and NBA betting, in particular.
If you are a total novice at NBA betting, you should commit to your mind that the Martingale betting system is a negative progression system which implies that gambling enthusiasts will need to give their bets a set-up after they have sustained a loss. The main idea the betting system is predicated on is that it is highly improbable to experience such a large number of losses without scoring a win over. Despite the fact that at this point, this might make sense to you, you should remember that this logic is not that sound.
Interestingly enough, the Martingale betting system is utilized predominantly by avid casino players due to the fact that in their view, the system can help them reap even better rewards, and at the same time, to minimize the losses they might experience. One of the most essential things sports bettors should remember about betting systems, in general, is that unfortunately, none of the existing systems guarantees that you will invariably win. The reason why this comes about is that the dice and the roulette wheel do not have a memory. In other words, every stake you make will be independent of the previous bets you have cast. The same refers to NBA betting as the fact that you have experienced several losses in a row does not mean that you will be more likely to enjoy a win this time. Other than that, the fact that your favorite team has not scored a win over for quite some time, does not necessarily mean that next time, it will win for certain. In other words, NBA lovers should not cast all their hopes on the Martingale betting system when they wish to revel in more bountiful rewards.
How to Apply the Martingale Betting System
Basketball lovers who are determined to give the Martingale betting system a shot need to know that they will be able to employ it for even-money bets or in other words, at odds which are in the neighborhood of 2.00. Still, NBA fans are advised to look for odds which exceed the above-mentioned values so as to achieve the desired results. The reason why the Martingale betting system should be utilized at such odds is that originally, it was designed for roulette where avid casino players can make even-money bets and later on, the fame of the betting system carried over to the sports betting realm.
Prior to employing the Martingale betting system when wagering on NBA, you should make sure that you have resolved on the amount of money you will set aside for gambling purposes. As you can probably guess, this will be your bankroll. Once you have done this, you will need to make up your mind about the base staking unit you will keep to when employing the system. Needless to say, you should not pick this amount randomly. Instead, you should make sure that you will divide your bankroll into several equal portions which will represent your staking units. Once you have settled on all these things, you will be able to proceed with applying the betting system.
The underlying principle of this NBA betting system is that following every loss, punters are required to augment the size of their stakes. It is important to note that gamblers should double their stakes after they have made an incorrect prediction. Gambling aficionados need to do this until they succeed in making a right pick. When this comes about, they should start with staking a single bet unit. Punters should remember that the winning stake they have made should compensate for the losses they have built up thus far and what is even better is that they will also stand a good chance to gain a profit.
Once we have clarified this, as likely as not, you are wondering how to apply this to your sports betting session. In essence, gambling aficionados can easily do so as they need to cast their bets on an expected outcome which has taken their fancy. As long as the prediction you have made is incorrect, you should pick another event, and make a stake on the same outcome you have initially gone for. Of course, you should not forget that you need to double your bet. Basketball lovers should keep on making such stakes until they manage to get it right about their predictions which will bring them the desired outcome, thus compensating for the previous losses and bringing them a profit.
The Math Behind the NBA Martingale Betting System
Once you have figured out what does the Martingale betting system involve, we will provide you with a simple example so as to make sure that you will be able to apply the strategy properly. It is important to note that we will not include the vigorish of the bookies so as to simplify the calculations and to make sure that you will not end up bewildered. Let’s presume that you are a risk-averse NBA bettor and the bankroll you have settled on stands at $200. Now, let’s suppose that the base stake unit you have resolved on stands at $10. If we suppose that you have made a losing stake, this would mean that you have lost as much as $10. According to the Martingale betting system, your next stake should be twice as big as your initial wager or $20.
In the event that once again you have made an incorrect prediction, this would mean that you have lost $30 so far. When it comes to your third wager on any of the NBA matches, however, you will need to stake as much as $40. If once again, the prediction you have made is not correct, you will be required to stake as much as $80. If we presume that this time, your stake is a losing one, this would mean that you need to augment your stake once again. If your next stake of $160 is a winning one, this would mean that you will get as much as $320 and that your profit will be $10. So as to get these values, you need to subtract the value of the last stake you have made and the entire amount of money you have lost so far by the amount you have swept thanks to your winning stake.
As it was already mentioned, the Martingale betting system was initially designed for making even-money bets on roulette. That is the reason why as long as you place your bets at odds of 2.00, your profit will be equal to the size of the base stake unit you have initially resolved on.
As you can see, one of the biggest shortcomings of the Martingale betting system remains the fact that your stakes can build up more rapidly than you have expected. Even if you have experienced three consecutive losses, this would mean that next time, you will need to put on the line 8 units. Needless to say, NBA bettors might find themselves compelled to place some really considerable bets so as to sweep quite a humble reward.
That is the reason why it is advised to think through whether utilizing the Martingale betting system is worth the risk. As you can see, the risk you need to take so as to recoup your losses or to gain some small profit is unjustified. In other words, if you are seeking for a fool-proof system which will guarantee that you will enjoy a sustained profit, it might be a good idea to look elsewhere.
Limitations of the NBA Martingale Betting System
As long as you are intent on faithfully sticking to the Martingale betting system during your NBA betting session, you should know that according to it, at some point, you will manage to score a win. Although this might sound like a comforting statement, basketball lovers should remember that there are certain limitations which are associated with the system.
It is safe to say that one of the most probable scenarios you might be confronted with is to see how your bankroll depletes before you have managed to score the win which should make up for your previous losses. Unlike some of the other competitions which have a short schedule, with NBA betting, you might find yourself on quite a lengthy losing streak which will have a far-reaching effect on your funds. With wagering on NFL, for example, utilizing the Martingale betting system might bring you nice returns simply because losing streaks will not last that long, meaning that on some occasions, it might be worth taking the risk.
Other than that, NBA bettors should be aware of the fact that bookies impose certain restrictions when it comes to the upper limits of the stakes. Thus, basketball devotees might find themselves unable to augment their next stake simply because they have reached these limits without realizing it.
Basketball lovers should not forget that if they wish to employ the Martingale betting system, they should make sure that the odds at which they are placing their bets are not less than 2.00. Other than that, NBA bettors are also advised to look for wagers which offer good value, which might render them hard put to track down such prices.
The other limitation of the Martingale betting system has to do with the apprehension that you might end up losing even more money than you have expended so far. Thus, many basketball lovers tend to give up on utilizing the betting system, meaning that in practice, they fail to compensate for the losses they have sustained.
And last but not least, long losing streaks will force you to keep on increasing your wagers, thus exceeding the number of the stake units into which you have divided your bankroll, meaning that you will have used up your funds before you have managed to score a win over.
Tips for Employing the NBA Martingale Betting System
It is safe to say that the major benefits of the Martingale betting system are that sometimes, punters can make several losing stakes and a single winning stake which can serve as a reimbursement for the losses they have experiеnced up to this point. Although many knowledgeable basketball bettors regard the system as highly effective and extremely straightforward, it has several major pitfalls which should not be overlooked. One of the things we will continue reiterating is that every loss will compel you to keep on augmenting your stakes. Thus, you can either exhaust your bankroll or reach the limits the bookmaker has imposed. If you wish to make sure that none of these will come about, you just need to follow our simple tips.
In the first place, NBA bettors should make sure that they have conducted research prior to making their next bet. In other words, gambling aficionados should not be under the impression that they should pick their stakes randomly and hope that one of them will make up for their losses. Needless to say, such an approach will have a harmful effect on your funds as you can easily experience ten or more losses in a row.
Additionally, basketball fans are not advised to pick a base stake unit randomly. Instead, they should allocate their funds so that they would suffice for at least 8 wagers. That is the reason why it would be better if you go for a smaller stake unit.
NBA lovers should also ensure that they have signed up for an account at several web-based sportsbooks so that they could find out which bookie grants the best odds on the events which have taken their fancy.
The Martingale betting system is considered one of the best betting systems which can be utilized when playing casino games, as well as when wagering on various sports, including basketball. Although it might seem like a fool-proof tool for success, gambling enthusiasts should know that this is in name only. Whether or not you will be able to hammer bookies will depend on your skills and knowledge, and of course, on the manner in which you will manage your funds.