Perhaps the most popular of all the changes in the betting plan is the Martingale system. This is a negative progress system, which means you will reduce your bet when you win and you will increase your bet when you lose.
The core idea behind the Martingale System is that you double your bet after each loss. After winning, you will return to your basic bet. The reason the system makes you double your bet amount after losing money because it is working to help you recoup from your losses.
To help you visualize the Martingale System, consider the following example. Suppose you have set yourself a basic betting unit of 5 USD. For your first sports bet, you only need to set the base unit of 5 USD. If you make the right bet and you win the first bet, then you will bet 5 USD for your next bet. Then suppose that you choose incorrectly and lose the next time you bet. In that case, then you will double your bet and bet 10 USD for the next time. You will continue to double your bet amount until you finally win. At that point, you will return to your original 5 USD bet.
One of the main problems with the Martingale System is that it can become expensive very quickly. Therefore, it may limit people to use the full system. With this system, everything starts to add up if you continue to lose money. In some cases, the proposed double bet amount will far exceed your potential funding amount, making you unable to use the system.
If you want to use the Martingale System as your bet plan, the first thing you need to do is determine your base betting unit. This amount is your starting bet. Ideally, we suggest that your base unit is about 1 or 2% of your total budget. Therefore, you will want your base unit to be relatively low compared to your budget.