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Martingale explained

Online crypto betting websites offer different ways to manage stakes, and among players the debate about the best betting system is still open, whether it should be singles, doubles, trebles or accumulator.

Since the art of prediction is not an exact science, but rather an intuition, we should point out that it does not exist a method to secure winnings in the long run. However, we may examine a few betting strategies that have proved to be a fairly logical aid for bettors. Let’s proceed to view one of the oldest and most popular casino classics, that can also be applied to online betting: Martingale.

What is a Martingale?

A Martingale is a betting strategy initially devised for games where the probability to take the right guess is around 50%, like odd or even numbers at roulette.

Actually, Martingale works in a very simple way: if your prediction is correct, you win your stakes; if your prediction is incorrect and you lose your money, you double your bet until you get to recover all your previous losses plus a profit that corresponds to your initial stake.

How Martingale works

Theoretically, Martingale statistically works perfectly. But this is true if we are immensely wealthy and have the possibility to bet for an endless number of times. Let us make an example; just starting with a stake unit of 1 (be it euro or bitcoin), the progression could be really long:

1 2 4 8 16 32 64 128 256 512 1024 2048

loss loss loss loss loss loss loss loss loss loss loss win = 4096

This shows how in order to have a profit after a series of 11 losses from your starting bet of 1 unit, we would spend 2048 + 1024 + 512 + 256 + 128 + 64 + 32 + 16 + 8 + 4 + 2 + 1 = 4095 units and the profit would be 4096 – 4095 = 1.

Practice and theory

As we have seen, a Martingale-based betting series should most likely work fine and guarantee a profit. The question is though, is it worth it? In games such as roulette, would you really risk to lose 4095 (or a lot more) euro to gain a profit of 1 euro only? Of course you might win after your first or second bet and reduce the risk, but you could also prolong the progression up to 30 or 40 times, and that would cost such a huge amount a money that very few gamblers could afford it.

Martingale in online betting

We have seen how a Martingale would function in a casino-related environment, where the odds of winning are about 50% and the potential profits correspond to the double of your stakes. Can this be applied to online betting with better results?

The answer is yes; Martingale can be profitably used in online betting websites like playred.com, because the potential return is higher, due to more advantageous and variable odds, that are often higher than 2. Let’s make another example: