Understanding the Martingale Betting Strategy: Can it Help You Win Big?

Added: May 25, 2022

Last updated: April 19, 2023

The Martingale strategy is the most famous betting strategy, by far.

It is a betting strategy that is applied to games that offer even money bets, such as roulette, blackjack and baccarat.

Several players regard the Martingale betting strategy as a strategy where you always win. Unfortunately, it is not that simple.

With the Martingale strategy, you start with a stake of one unit (for example $1) on, for example, Black.

  • If you win, that is great. You have earned $1.
  • If you lose, you double your stake to 2 units (say $2). If you win, you have staked in total $3 and have earned $4. Your result is a $1 profit.
  • If you lose again, you double your stake again to 4 units. You stake $4 at once. If you win, you have staked in total $7 and have earned $8. Your result is a $1 profit.
  •  If you lose again, you double your stake again to 8 units. You stake $ 8 at once. If you win, you have staked in total $15 and have earned $16. Your result is a $1 profit.
  • If you lose again, you double your stake once again to 32 units. You stake $16 at once. If you win, you have staked in total $31 and have earned $32. Your result is a $1 profit.
  • You continue doubling your stake after each loss, till you have won.

After you have won the $1, you start the sequence again.

The table below summarises how the Martingale strategy works.

The advantage to the Martingale is that you always make a $1 profit after a win. Always!

The strategy falters when you lose 7 or 8 or even more times in a row. The amount you stake could be as high as $64, $128, $256 or even more.

Doubling your stake again, might not be possible. Either you do not have that a large amount of money available, or you are facing the maximum limits that casinos and online casinos may impose.

Moreover, there is a very reasonable chance that it happens.

If you choose to win more than $1, you need to play the Martingale sequence many times. The possibility of having a losing streak of 7, 8 or more times in a row, automatically increases.

An example of a winning Martingale strategy

Example 1: Here you see when the Martingale strategy works in your advantage.

You always bet on Black. You start with one unit (could be $1)

  • You win the 1st and the 2nd
  • The 3rd round, you lose. You double your stake on the 4th You lose again, and you double again in round 5. You win round 5.
  • You start the sequence again with one unit. You win round 6.
  • You start the sequence again with one unit. You lose round 7 and double your stake in round 8, which you win.
  • You lose round 9. You double your stake in round 10 which you lose.

In this example of using the Martingale betting strategy, you end up with a profit of 2 units (a $2 profit) after 10 spins, even though the number of your wins (5 times) exactly match your number of losses (also 5 times).

100% up to €200

  • 🍒Thousands of Slot Games
  • ✅Professional Customer Service
  • ⚡️Withdrawal lock option

Bonus Info & Terms

An example where the Martingale strategy fails

Example 2: Here you see a scenario where the Martingale strategy fails.

You always bet on Black, and you start with one unit (could be $1),

  • You win the 1st and the 2nd
  • The 3rd round, you lose. You double your stake on the 4th You lose again, and you double again in round 5. Each time you double, and at the 10th round, you have lost 8 times in a row (the ball has landed in a Red pocket 8 consecutive times).

This example shows the downside risk of the Martingale strategy. You end up with a hefty loss of 253 units ($253).

The probability that the ball lands 8 consecutive times in the “wrong” colour (or in the zero) is 0,48%.

On average, it happens every 207 times, when you apply the Martingale strategy.

What is the probability of consecutive losses?

Even though you might think otherwise, those “impossible” series of outcomes are not all that rare.

CasinoHipster.com tip: You might dodge a bullet for a long time with the Martingale system, but it is a given statistical fact you will run into a rare series of losing outcomes.

Here is a table with the probability of consecutive losses, based on a roulette game with a single zero:

As you can see, it is not uncommon to lose 7 times in a row. In fact, in nearly 1% (0.94%, to be exact) of all sequences, you may lose 7 times in a row. Even 8 or 9 losses in a row are not uncommon.

The chance of hitting red after black has hit 8 times in a row does not increase, it is still 19/37.

Should these events occur, the Martingale system forces you to stake huge amounts of money to get a $1 dollar profit.

Check out my explanation of the Reverse Martingale (Paroli), Fibonacci and D’Alembert Strategy

Explanation of the Reverse Martingale (Paroli) Strategy

Explanation of the Fibonacci Strategy

Explanation of the D’Alembert strategy

The best and worst Roulette and Baccarat strategies – does the Martingale strategy work well?

Best Roulette strategies – which of these strategies works best?

Best Baccarat strategies – which of these strategies works best?

Conclusions

The Martingale strategy seems attractive but is very risky. Once you lose 6 or more times in a row, it becomes costly.

You can play Roulette or Baccarat (also in the live versions) at one of the online casino’s below.

Available in your country
#1
  • 🤑Crypto-friendly
  • 📱Mobile app
  • 🚀Leaderboard feature
Let's roll Review

It has a wagering requirement of 60x and I have to say that the bonus terms and conditions are not fair, 60x is an above the standards, so be aware before you deposit for welcome bonus.

Bonus Info & Terms
#2
  • ⚡️ Fast payouts
  • 🤑 Mouthwatering welcome bonus
  • 📱 Mobile compatible site
Let's roll Review

You must make a qualifying deposit of €20 to claim the Wagerinox Casino welcome bonus pack. Note that the bonus has a 30-day expiration period, and you must fulfill 20x Wagerinox Casino wagering requirements within that period. Interestingly, unlike most other casinos' offers, the Wagerinox Casino sign-up bonus has no max cashout amount. This means you can win as much as you can from it.

Bonus Info & Terms
#3
  • ⚡️Fast deposit and withdrawal options
  • 🤑Mouthwatering bonuses
  • ✅24/7 live chat support
Let's roll Review

Note that the deposit + bonus amount is subject to a 35x wagering requirement for any winnings to be withdrawn. Ensure you complete the wagering requirement within the 30-day validity period. Slots contribute 100%, and table games and video poker contribute 10% to the wagering requirement.

Bonus Info & Terms
#4
  • 📱Top-notch mobile performance
  • 🤑Crypto gambling
  • 🎁Exciting bonuses
Let's roll Review

You need a minimum of $20 to claim the offers. Additionally, if you can deposit $100 or more for your first deposit, you can claim up to 100 free spins to play the Hot Lucky 7s slot.

Bonus Info & Terms
#5
  • ✅ Cryptocurrencies available
  • 🎁 Multiple Welcome Bonuses
  • ⚡️ Fast payouts
Let's roll Review

Nevertheless, note that the qualifying deposit for the Goldwin Casino welcome bonus is €20, and the free spins have no wagering requirements. However, your match bonus for the second and third deposits comes with 35x Goldwin Casino wagering requirements.

Bonus Info & Terms
#6
  • 🤑 No-deposit bonus
  • 🎁 Generous promotions
  • ⚡️ Progressive jackpots
Let's roll Review

The minimum deposit for the welcome offer is $50, which is a bit higher than most other online casinos I gotta admit. However, if you don’t mind the steep deposit, you can get a pretty decent starting bonus to try out what this casino has to offer.

Bonus Info & Terms
#7
  • 🤑 Multiple Bonus Offers
  • ✅ 24/7 Customer support
  • ⚡️ Fast payouts
Let's roll Review

The welcome bonus wagering requirement is 30x (60x for table games and video poker). If you claim the cashback bonus, you must fulfill 1x Paradise8 Casino wagering requirements to keep winnings from the offer. In addition, all bonuses have a validity period of 30 days, after which they become invalid.

Bonus Info & Terms
#8
  • ✅ 24/7 Customer support
  • 🎁 Enticing welcome offers
  • 🤑 Existing promos and VIP program
Let's roll Review

The wagering requirement must be beaten in 90 days to win and withdraw the bonus fund. All games except jackpot slots contribute to the wagering requirement. Slots contribute 100%, Keno contributes 50%, and Video Poker contributes 20%.

Bonus Info & Terms
#9
  • 🤑 Crypto-friendly
  • ✅ Licensed and secure
  • ⚡️ Instant deposits
Let's roll Review

The qualifying minimum deposit for these welcome bonuses is capped at $25. It’s important that you redeem the code before you make these deposits for the bonus to be valid. In addition, you must beat the wagering requirement of 25 times before you can withdraw the bonus funds on any deposit.

Bonus Info & Terms
#10
  • 🤑 Exciting bonuses
  • 📱 Mobile-friendly
  • 🚀 Massive game selection
Let's roll Review

The minimum qualifying deposit you must make to claim the bonus is €20, while the wagering requirement to fulfil to keep winnings made from it is 40x. Once the bonus is added, you must use it within 30 days to avoid forfeiture.

Bonus Info & Terms

Subscribe to our newsletter


    By subscribing to our newsletter you agree to receive emails from us.