“Martingale” is perhaps the best known system within the gambling industry.
This method, which dates back the 18th century, appeared in France and is based on doubling the bet after each loss, so that with the first bet won you recover all previous losses plus an interest equal to the initial bet.
The method was originally designed for heads / tails bets, but with the advent of the Roulette, Martingale has become gamblers’ favorite strategy. This strategy can be applied only in the case of bets with 50% odds.
As simple and efficient as it is, the Martingale strategy is, in theory, infallible.
In practice, a Martingale amateur is likely stumble upon one of the limitations: to reach the limit imposed by the casino, to run out of money, or arriving too late when the game stops. So, the final variants of the Martingale strategy are for the player to gain a small amount of money, or to fail. Risk management clearly shows that the risk of failure is higher compared to the amounts of money that may be earned.
Considering these limitations, the Martingale players don’t represent a danger to the casinos, even if up to a certain point the chances of winning a game are extremely high.
To prove just how dangerous can Martingale be for a gambler’s bankroll, make the following assumption: $ 5 initial bet. You have a bad day and you lose eight rounds in a row. The ninth bet, according to the Martingale strategy will be $ 2,560. Thus, if this bet is a winner, you will have a $ 5 profit. If you lose ….it can mean bankruptcy.
Conclusion: The Martingale system is perfect only in theory. In practice it is a very dangerous strategy for a player.