NFL Martingale Betting System
The mathematical origins of the system lie in the optional stopping theorem. It states that under specific conditions, the expected value of a martingale at a stopping time matches the value that was initially expected of it. Basically, this means that in the long run, this system cannot bear fruit, but in some very specific cases, it can be quite useful.
When to Use the Martingale System
So, how does this apply to NFL betting then – well, the reason why this system is so often used by roulette bettors is because of its potential profits on even money bets. So, if you pick your bets carefully and only place even money ones on the NFL, you will be able to use this same system. The idea of it revolves around the so-called gambler’s fallacy. It is essentially the assumption that something is more likely to occur when it has not occurred in a while. This can mean that if a team has not won in a while, they are bound to win sometime soon, or it can be interpreted another way, if you have not won in a while, you are bound to win soon.
How to Use the Martingale Betting System
You start off with a single unit and if you are winning, you continue so. When you lose, you double your bet. If you keep losing, you keep doubling your bet. So, once you finally win, you will have your original stake back. Then, you go back to betting with a single unit. This way, when you experience losing streaks, you make up for the losses and when you win, you make a small profit.
So, how does this mix with NFL betting – well, you take the fundamentals of the system and use them. For instance, some players have started using this system by playing multiple times a day. For NFL betting you would need to pick a schedule that would grant enough time in between for games to be completed and results to be out by the time you need to place your next bet. So, if you’ve lost the first bet, then you will double the second, and so on. However, you cannot just bet on any game.
How to Pick the Right Bet
In order to use this system successfully, you will need to carefully select bets with odds that balance each other out and leave you with an even money wager. On their own, NFL bets cannot be with even odds but when you combine them the right way, they can get as close as possible considering that this is the gambling industry.
Pros and Cons
However, the system hinges upon the idea that there will be no losing streak that will outlast your bankroll which is ultimately flawed. Those streaks come and they are merciless. That is why it is important to know when to stop and for that, you need to have some serious self-control. The clear downside here is that this system is not profitable in the long run. On top of that, if you lack self-control, you can burn out entirely in a single betting session.
So, despite the flaws, in the short term, the Martingale can be very useful and lucrative. It is a little harder to apply it to NFL betting but we showed you that there is a way. The fact that the NFL games take time and so every bet takes some time as well is actually very good for this strategy because this way you cannot get caught up in the moment. It is much easier to remain in control of your bankroll and the size of your bets. Despite that, remember to bet responsibly!