The Martingale betting system is one of the best-regarded betting systems out there. It is simple enough that anyone can use it, and it can be used effectively after some relatively short practice time. The system is designed to work with even money bets and works on the likelihood that you will lose many times consecutively.
The Negative Progression System
Negative progression systems work by placing bets in increasing amounts as you continue to lose. If you stop losing, you stop using the system. In order to make this system work, you need to have enough money to continue playing for a while.
The Martingale System
With the Martingale system, you place bets on even money. When you win, you put your profits to the side and place a single unit bet once more. If the bet is lost, then the player will double the amount they lost on the preceding bet. This continues as long as it can be sustained. The player just continues to double the amount they lose with each losing bet. The idea behind this method is that once they have won a bet, they will get back all they lost and then one unit more. This will give them a small profit in the end.
Using the System Effectively
There are a few things that can hinder your use of the Martingale system. The primary one is the limit set by the casino on the table you are playing. In the Martingale system, it is assumed that you can continue to place bets until you recoup your losses. But you may not always be able to do so, since most casinos have a house limits on bets. This keeps casinos from losing large amounts of money and keeps you from winning large amounts as well. It also can keep the Martingale system from being used to its full potential.
You may also have to be limited in what you can do by your bankroll. Many times, you will have to place many bets before the Martingale system pays off and brings you a profit. If you cannot continue to cover your lost bets, then you will simply lose your money before it can be gained back. You need to have a large enough bankroll to be able to fund your gaming for a while.
The final thing to watch for is the commission that may be required of the player. Some casinos require that all winning bets cost the player up to 5%. Because the Martingale provides small profits, you can lose that profit you would make with the system if you went on a long losing streak before you won. Even money bets often have commissions to allow the house to have a slight edge. But if you can find bets that have no commission, then you should definitely go for those.
Keep in mind that you need to find a table that can accommodate a large betting limit. Ensure that your bankroll is large enough to finance your gaming over the long haul before you implement this system and follow the guidelines above to use the system to earn a profit.