Review by: Mark Jones
Made by: Unknown
The martingale betting system refers to a method or style of betting where gamblers will increase their bets after each loss in hopes that an eventual win will recover all previous loss. This is done specifically by doubling your bet after each loss.
The martingale system refers to a betting strategies which was popular in 18th century France. This most basic and easy to use strategy was designed to be used in games here the gambler wins and gets double his original bet back, or loses his original bet. In this strategy the gambler doubles his bet after each loss. This means that when he eventually wins, that win would recover all previous losses plus win a profit equal to the original bet. But as this rather funny (and silly) video shows, it can't work long term.
The problem is that no gambler has infinite wealth. It's possibly to lose so many times in a row that each bet becomes unbearably large, very quickly. This will eventually bankrupt those who chose to use the Martingale.
EXAMPLE: Bet 10 units and lose. Your next bet has to be 20. If you lose, then you bet 40, then 80, then 160.... the sequence would be like this:
10,20,40,80,160,320,640,1280 - yes, after just 7 losses in a row, your next bet needs to be 1280! Even after only 4 losses, you need to bet 160 on the next game! When you're only trying to win 10, that's a huge amount to stake.
In reality the martingale system doesn't really work because it exposes you to huge bets in very short timescales. Coupled with the fact that most casinos have table limits (a maximum amount you can bet in each game), it becomes virtually impossible to win using this system. It's just not a viable system for long-term or modern day use. Most 'newbies' and beginners start off thinking this system is great and will bring them easy money. Unfortunately, they usually find out the hard way, that this system is just not profitable!
You can find out more about this system by heading over to here:
Average Joe Blackjack