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If you’ve ever been in a casino or talked to a bookie, you’ve heard the term “martingale.” Remember that the martingale system is not used in sports betting only, but in gambling overall. Actually, it is most well known for it’s use in the game of roulette, so I will use this example to explain to you how the martingale system works.

There are two big bets in casino roulette: black and red. Let’s say you put $10 down on red, and up comes black. You’re down $10. To try to make this money back with the next bet, you throw down another $20, this time on black. If you hit this spin, you win your $20, covering your first loss and putting you ahead $10. If you lose, you are down $30, and the next bet will be $40. If you hit that, you make your losses back again, and then some.

Ok, when discussing the basic sports betting units of measure, losing the one, two, and four, and then winning the next wager, an eight, will still have you head one unit. If you follow the Martingale sports betting strategy to a t, you will learn that no matter how many times you lose, wagering in this way will ultimately put you a head. So there you have it, this is the answer to all your betting problems – you will always win using Martingale, yes?

Providing you have an unlimited bankroll, unlimited time, and there are no limits where you are betting, that is absolutely right. That means you can flip a coin for eternity, with infinite money, and end up with a profit from the Martingale eventually. You can see that this doesn’t help for any of us betting on anything today.

We are playing with a restricted bankroll, which has a restricted quantity of time or games to play, and there will eventually be a limit on the table or the book. A much more successful technique that takes into account our restricted bankroll is really a sort of modified Martingale betting method. The 1st bet is 1 unit. Immediately after a loss, the second bet is 2 units. If we suffer yet another loss, the bet becomes 4 units. A win, obviously, resets the program. Just after that, we pack it up and call it a day, or alter games.

As we’ve learned, the Martingale system works so that a sports bettor wins most of the time, and loses the bet every once in a while. A lot of statisticians have made negative comments about the Martingale system, but they all agree on one thing: that they work better with positive bets that are considered value wagers.

I admit that I personally have had good luck using Martingale, and yes, I do practice it often. I have learned that when mixing my solid research on the numbers, using math from the Kelly Criterion, and betting in a three bet Martingale system, I do win regularly. Possibly a researcher could argue that I have been very lucky not to have been beaten down by an early losing streak, but I have never been hurt by a negative losing streak using the Martingale – fingers crossed!

If you enjoy the euphoric feeling of winning often, and pracitce solid money management, then I recommend you try the Martingale system, even if it goes against the advice of the numbers guys.

Rich Allen is an expert in Sports Betting Systems and has worked for Las Vegas and Atlantic City books. His Sports Betting Professor Systems have sold over 250,000 units and cover all major sports. Download a FREE copy of The Sports Betting Insider’s Guide at: http://richallensports.com/sports-betting-systems