There are many Scamdicappers out there claiming perfect seasons. Some claim multiple perfect seasons. Even claiming to have gone 70 and 0 on an MLB season. These scammers, when pressed, will claim they’re doing a martingale approach that ensures that they never experience a losing season. But let’s look at this approach, which by the way is a real system, and see how impractical it is.
What is the Martingale System: It is a popular betting strategy where the bettor doubles their bet after each loss, with the goal of recouping all previous losses and making a profit with the next win. The idea is that eventually, the bettor will win a bet and make back all of their previous losses, plus a profit equal to the original bet. The martingale system is commonly used in casino games like roulette, where there are even-money bets, such as betting on red or black.
Could this be used in sports gambling? Well let’s take a look at the chart and decide if it’s very practical.
|Leg||Bet Amount||Total Bet Amount|
As you can see from the chart, by the 10th leg of the martingale system, you would have to risk a staggering $256,000 just to recover your initial $500 bet. Additionally, the total amount you would have bet up until that point would be $511,500, which is a huge amount of money to risk on a single bet. This is why the martingale system is generally not recommended as a betting strategy, as it can quickly lead to significant losses if you hit a losing streak.
The other obvious issue is that at about Leg 6 it’s going to get extremely difficult to find a shop willing to book that large of a wager. At Leg 8 you might as well forget about it. Let alone at like Leg 10 where you’re going to have to put up a quarter million in order to recoup your original $500.
The BS hype Scamdicappers put out there should be red-flag enough, but if it isn’t, just do some simple math and you’ll realize you’re knee deep in the BS.
PS: The Chart Doesn’t Even Include The Juice!