You simply keep doubling down until you get a winner, and then you’ll be $100 ahead no matter how long it takes to get there.
If you lose this wager, your next bet will be doubled again to $400, and a winning wager will once again return a total profit of $100 after covering the $300 from the earlier losses. Then, if you win the $200 wager you are up $100 and mission accomplished once again.
Congratulations! If you lose, you will then double your next bet with a wager size to $200. If you place the first bet and win, you’ve reached your goal of $100 profit. For ease of math, we’ll keep the juice out of the equation and assume you are finding even moneyline wagers. Let’s say your goal is to win $100 a day. This strategy can apply to sports betting or casino games. If you keep doubling your wager amount, as soon as you win a bet you’ll be ahead as the amount of your win will cover all preceding losses. In fact, this betting strategy can neatly be described in seven words… if you lose, double your wager size. The Martingale System has been around for almost 300 years and is very simple to learn.
