Online casinos are getting popular every day, and it seems like it would happen for a long time in the future. There is always something new and exciting to discover, which means this industry will grow even after three years, or so.
The need for online casinos became even bigger in 2020, as the COVID-19 pandemic took over the world. Many people wanted to find a way to do their hobbies and favorite activities at home. So, it was just a matter of time before this industry will start growing.
So, here we are today, talking about online casinos, and many things related to them, including the previously-known strategies. The question is, whether the known systems can be used in online betting? One of the most popular among them all is the Martingale betting system, which is used for roulette mostly.
This method was used in land-based casinos, but it had a bad reputation in the past. Today, every gambler can use it, to try and win their game, especially in online casinos like goldenrivieracasino and similar to them.
The good thing is that when it comes to online betting, Martingale is not banned or illegal, and every gambler can use it to their advantage. But, they need to understand how it works, so they can implement it properly in their strategy.
What is the Martingale system and how does it work?
The strategy dates back to the 18th century, and it was created by a math expert named J.H. Martingale. What we know today is quite different than what the mathematician considered a strategy, but the base is quite the same.
So, here are the main rules of the Martingale system:
-If you lose, double your next bet
-Double the bet until you win
-Do it all over again
But, as you suppose, there are so many tricky moments here, because it means that if you bet on $5 and lose, the next one will be $10, but after that, it would be $20, and the next $40, and then $80 if you don’t win. So, the wager is very progressive and it can easily happen to bet on more than you can afford. But, we want to avoid it at any cost.
That’s why many casinos have banned this strategy. The gamblers were losing a lot of money, and their debt was huge.
If you use it on your online casino strategy, you need to be ready to spend (or invest) a lot of money. If you have a few losing hands, and if you win the next one, then you have a huge chance to recover soon. But, if you still lose, maybe you won’t be able to afford to play. As you can see, it’s a cruel strategy, and you must implement it wisely.
Luckily, in online casinos, you have control over your actions, and no one can stop you from using any strategy you think is appropriate. But, make sure you understand how this one works. We will mention the pros and cons, so you can know what’s the point, and do you need to use Martingale at all.
Pros of Martingale system
There are a few beneficial aspects we need to cover here, like:
- You can easily retrieve your loss once you win
- You can improve the winning situation
- Exceptional for short-term betting
- Great for those who want to spend more money
- Beginners can easily understand it
Cons of Martingale system
Surely, when we have pros, there are some cons too. So, let’s see some of them:
- You can lose a lot of money in a pretty short time
- Bad for long-term plays
- You spend the money quickly
- Losing strakes are horrible
- You may not have enough money to proceed with betting
Why it won’t work for long-term plays?
Martingale system is mostly used for roulette, which means you have to bet on red or black. It’s unpredictable since roulette odds are the most specific among all of the games. Sometimes, there are table limits, and you won’t be able to implement the Martingale system if you are limited with a maximum bet.
At the same time, it’s simple, effective, and easy to understand, so the gamblers really want this system to work for them. We must mention that even the most experienced players sometimes fail to use the system properly, especially when there are table limits. Of course, you can use it in some specific situations. If you push too hard to implement it, it may “crash and burn” all over your head.
Can I use it with other games?
As you can see, we highly recommend sticking to roulette, but it doesn’t mean Martingale can’t be used for other games too. But, we suggest avoiding using it on slots, since both the strategy and game are highly volatile, and nothing good may come from that.
On the other hand, you can easily use it with roulette, baccarat, blackjack, and craps. But, roulette is still the most popular among them all. All these games bring frequent wins and prevent huge losses if you decide to use Martingale.
But, it doesn’t change the fact it’s risky, and only one mistake is enough for you to lose everything. We suggest you calculate the risks and downsides and compare them to the potential benefit. That’s the only way to decide if you want to use the Martingale betting system or not while gambling online.
We all want excitement, and the risks can be pretty exciting for sure. When it comes to gambling, you must know how to manage your money, no matter what system or strategy you use. Therefore, it is best to plan and establish your own strategy yourself and be prepared to take risks. But calculate how much risk you can afford. You can say for yourself that you are a successful bettor at that moment when you are aware of all sides of the strategies. Of course, the Martingale is no exception to this rule.