The Martingale system is the most popular of all the classic betting systems. It was used by gamblers as far back the 1700s, according to reliable evidence. It’s much simpler than card counting and you will love it. Despite its drawbacks, many people still try this strategy today m88.
Martingale asks the gambler to place a double bet on every loss, and to return to his original bet for every win. This would ensure that every loss or losing streak is ended by one win. A winning streak would bring in money if the gambler was successful.
This theory sounds promising. Let’s take a look at an example to see how this works in practice. You lose one unit when you bet. Your bet is doubled to two units. What happens if you win the second bet? One unit profit will be earned – you have lost one unit but won two. Double your stake if you lose the two-unit bet. You win if you lose three of the bets (one and two units), but you have won four. This is one unit profit. No matter how many losses have you had before this win, you can still make one unit profit on every win. Wow!
This seemingly foolproof strategy works because you can’t lose forever. Martingale is unbeatable since you can recover all of your losses with just one win. Although you cannot lose forever, it is possible to lose large amounts of money for one of two reasons. You will need a large bankroll. You don’t have to lose seven, eight, or more bets consecutively. In Atlantic City, I lost nine consecutive bets by betting on the pass line at craps. This has a low house edge. Can you guess what my tenth loss would have been if I had used Martingale, which I didn’t and started with a $5 wager? Would you believe $2.5560? How foolish would you be to place a wager of more than $2,000 in order to win $5? Poor one!
Martingale is not able to make you a fortune. This is because the casinos limit how much money you can place on a single wager. The casinos realize that some people might be too foolish or wealthy to play Martingale and they can limit the amount you can put up for a single bet. If this happens, the gambler will never lose. They established table limits, which are the maximum bets. Maximum bets are $500 for a $5 table. Even if I had a huge bankroll and an insane head, I could not make the Martingale bets that would allow me to win every bet.
Last warning. One last warning. If you play a game such as roulette (betting red or black) or craps, the chances of winning are equal after one, two, or ten losses. These games can produce random results. The dice don’t have any memory so they can’t remember if a loss has been repeated. Roulette has a rule that if black appears ten times in succession, the chances of red appearing on the next roll are the exact same as any other roll.
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