Tag Archives: martingale
Roulette Tactics For Winning
There are a number of tactics for playing Roulette that people use to turn the odds of winning in their favor. I think they take a lot of fun out of the game, however, they can increase your bottom line!
The most common strategy used to beat roulette is known as the Martingale system. This strategy is based on the theory that loosing streaks don’t last forever, consequently if you continue to bet on the same one of two bets like: black or red / odds or evens, it won’t be long until you win. Now, the way that you actually can make money on this is by doubling your bet each time you don’t win. Sound confusing? It shouldn’t be! If I bet $10 on red and it comes up black, then I’ve lost $10, however the next spin I stake $20 on red and it came up black again, momentarily I’ve lost a total of $30. Don’t worry, as I stick with the Martingale theory, I double my bet on the same choice and so I put down $40 on red. Finally, it’s red! I win $80. Does it work out? Yes, I bet $10 + $20 + $40 = $70; I made a $10 profit. Makes sense doesn’t it?
Once you’ve learned the Martingale system, the next strategy for you to learn is the Grand Martingale system, also less commonly known as the Uber Martingale system. This strategy works in much the same way as the regular Martingale, except that with the Grand Martingale you double your bet and also you add one of your original bet. Wherefore, after the first loss of $10 you double your bet to $20, but you also add one, i. e. another $10, so your second bet is $30. If that one doesn’t come in for you, you double the $30 and add one, i. e. $10 to make your third bet $70, and so on. This increases your profit margin when you do win.
The truth is that I have seen people win big with these strategies, they are highly logical and they do work. However, I’ve also seen people loose big with them because they didn’t plan properly. A table with a low limit can cause problems when playing the Martingale systems because it increases the chance of reaching the limit before you win. So, if you’re going to play with this strategy, play at a high limit table, and always start your bets low.
This isn’t the only roulette strategy used, but it is one of the most common. And it is so popular because it does work and has helped countless people beat roulette.
Betting Tips and Money Management in Soccer Betting
Soccer experts provide you with betting tips, the media publishes the latest news about the opponent teams and their key players, bookmakers support hundreds of betting methods
However, when you finally place your huge wager on a sure favorite, this is the time to start praying… Unfortunately, the world of soccer betting is quite unpredictable. There are thousands of factors playing against us. How can we cut our betting losses? The only way to do it is by using money management strategies.
This article summarizes the methods and strategies of betting money management and provides a statistical comparison of their performance based on betting odds and match results of top European leagues.
The most common betting money management strategies in our days are: Martingale, Row of numbers and Kelly criterion. While the first two do not require any prior information, Kelly criterion requires the punter to know the probability of a win.
DEFINITIONS
Before presenting the performance analysis, a brief description of the above-mentioned strategies is necessary:
— Martingale strategy means doubling the stack after a loss and returning back to the starting stack after a win. This strategy is the most popular today and promises positive profits, but requires intensive money investments.
— Row of numbers means planning a series of constant profits. Given betting odds, the punter calculates each stake in a way that will allow him to make the planned profit. In case he loses, he should increase the next stack in such a way the profit will return both the money already lost and the planned profits for the lost games. This strategy is less aggressive than Martingale but still dangerous.
— Kelly criterion: mathematically proven to be the best strategy in the long run. However, it requires knowing the probability of a win. The stacks are calculated in proportion of the size of your funds and according to the relation between the probability of a win and the betting odds. When probability and odds are high, a high stack will be placed and vice versa.
DATA AND METHODS
In order to evaluate the performance of each strategy, we analyzed the betting odds set by bookmakers for the top European leagues. Imagine that bookmakers are punters who place a stake on a favorite with minimal betting odds. One can easily estimate the probability of a win by dividing the average number of home/draw/away outcomes by the total number of games in a season.
The betting odds and results are taken from the four European top leagues playing in the 2008/2009 season: English Premier, French Ligue 1, German Bundesliga 1 and Spanish Primera Division.
SUMMARY
— The results show that Kelly criterion is the best money management strategy of the three with an average profit of +5% compared to +1% (Row) and +1.2% (Martingale).
— The most profitable was the French Ligue 1 with a betting profit of +22% (Kelly), +9% (Row) and +10% (Martingale).
— The least profitable was the English Premier League with a betting loses of -10% (Kelly) ), -9% (Row) and -8% (Martingale).