Martingale is a famous betting strategy, where you double your bet after each loss.
The Martingale betting strategy (“doubling up strategy”) comes up every time “winning” systems are discussed.
You can use Martingale betting in all sorts of gambling games. But it’s especially popular in games that offer an either/or bet that pays back double if you hit it. So black/red bet on Roulette is perfect for Martingale.
Martingale betting works like this:
- Bet on black or red
- If you lose, double your wager (and continue to do so after consecutive losses)
- If you win, go back to your original wager size
- A bet $5 on red and lose
- You bet $10 on red and lose
- You bet $20 on red and lose
- A bet $40 on red and lose
- You bet $80 on red and win
- Now you go back to your original $5 bet
So why do you do all this? The reason is that when you win, you win the size of your original bet.
In our example, you lost $5 + $10 + $20 + $40 = $75. Then you finally won $80, so your total winnings were $80 – $75 = $5. And $5 is the original bet size used.
Does Martingale work? Nope, unfortunately not!
It would work, but wheels have one or two zeroes on them depending on the game. This means that betting on red/black is not a true 50/50 bet. In order to work, the Martingale strategy would need true 50/50 odds or better.
The other problem with Martingale is that you would need a huge bankroll to use it. Losses rack up fast when you keep doubling your bet.
Even in our example above, a $5 bet turned into a $80 bet really fast. If you add up all the bets, you’ll find out that a total of $155 was bet in the example. Call me crazy, but I don’t think risking $155 to win $5 is smart!
If you get lucky and win, here’s how much each bet pays you.
Roulette tables have a lot of betting options. But this table shows the most common wagers and their payouts:
- Red or black 1:1
- 1-18 or 9-36 1:1
- Odd or even 1:1
- Dozens (1-12, 13-24, 25-36) 2:1
- Full column of numbers 2:1
- Street (row of three numbers) 11:1
- Single number (including a zero) 35:1
You can also bet on multiple bets with one betting chip. Do this by placing a bet on the line that divides different numbers or bets. When you do this, your wager is split evenly between the bets, and its payouts are as above.
Also, for some online casino games (and at most real-life casinos), you can bet even after the ball is sent to the wheel. This is called “announcing a bet”. These kinds of bets pay out just like normal ones. An advantage to playing roulette online in Australia is being able to play at any time of the day or night.
Recommended Roulettes Games
There’s so much to play that it may be difficult to choose where to start playing. You can play roulette online games instantly after logging in. Furthermore, they are all no-download instant play games that load in your web browser.
For hundreds of years, this type has been a gambler’s favourite. Our online casino version looks good, plays fast and its betting limits are just right for you – you can wager anything from a dollar or two, to hundreds per spin. Sign up and log in to play now.
Golden Ball (Live)
Play Golden Ball Live game and you’ll get to tell the croupier exactly what to do. Every 20 spins, the player with the highest total bets gets to tell the dealer when to send the ball into the wheel.
Dolphin’s Pearl (Live)
Dolphin’s Pearl is one of the most popular live variants. The game’s specialty is its side bets. In addition to normal online bets, you can also wager on side bets, which can pay out jackpot-sized wins with normal wager sizes.
If you think the normal game is too slow paced, this is the game for you: with just one click you can play up to eight games at the same time! Just be careful when playing for real: your wagers count for each of the eight games, so keep your stakes lower than normal.