Martingale This Jun04

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Martingale This

We hear about different shortcut approaches for betting baseball all the time. The one that gets mentioned frequently is the Martingale System. To employ this tactic the goal is simple; double up your bets for as long as it takes to make one unit.  This clearly seemed like a no brainer if you just faded the much maligned Astros most of this season because they’ve been incapable of stringing together wins.  Well, well, well let’s hope there aren’t bettors who chose to utilize this betting strategy the last 6 games because the results would not be pretty. I’m pretty sure a small business loan might not suffice to pay off the potential carnage. (data provided by @ClarkRowe)

 Team Price Risk Win Loss Net
@ LAA -270 $270 $100 ($270) ($270)
@ LAA -260 $973 $370 ($973) ($1,243)
@ LAA -270 $3,626 $1,343 ($3,626) ($4,869)
@ LAA -265 $13,168 $4,969 ($13,168) ($18,037)
@ Rockies -290 $52,597 $18,137 ($52,597) ($70,634)
@ Rockies -190 $134,395 $70,734 ($134,395) ($205,029)