As is standard with NFL spread bets, let’s say that the Brown’s odds against the spread are -110. We’ll apply the martingale system to an NFL bet to cover the spread, with a starting wager of one unit ($110) on the Cleveland Browns.
Say that you’re starting with a bankroll of $11,000 which is subsequently divided into 100 units of $110 each. With each subsequent losing bet, bettors wager double the stake laid on their previous losing bet – and so on – until the desired expected outcome pays out and turns a profit.
If the first bet proves to be a loser, the sports bettor increases their stake on each subsequent bet on the same outcome. Using the martingale system, a sports bettor places a bet on a specific team and an expected outcome. We’ll introduce you to the martingale system, which is widely-used by strategic sharp bettors looking to find an edge over bookmakers. While lengthy streaks can leave loyal fans brimming with confidence or reeling in despair, many sports bettors see an opportunity to profit off the inevitable end to the streak. And like all good things, every streak is bound to end. Whether it’s a lengthy stretch of victories, a dismal run of consecutive outright losses, or regular bad luck at your sportsbook, everyone eventually finds themselves on a streak.
