The Martingale Betting System
I’m sure, most players in the regular casinos and online casinos are looking for a kind of system to help them win. Many of them stumble upon or hear about a surefire system that involves doubling their bets after each loss. They think sooner or later they have to win. This name of this system is the Martingale system and it has been around for years. It has also been the ruin of many players. Here is how it works. You make a bet and if you lose you double your bet. If you lose again you double your bet. You keep doing this until you win and then go back to your original bet.
Try to imaging you are playing on a 5$ table. You start with $5 bet. If yu loose, your next bet will be $10. If you loose, your next bet will be $20 and so on. It would only take eight losses to exceed the table maximum bet. It doesn’t matter how many times you double up your bet. You will up you will only win five dollars if you eventually hit. This takes into account all your progressions up to that point. Even if you could exceed the $500 maximum bet, on the eighth bet you are risking $640 to win $5. You have already invested $635 for your previous seven bets. If you lose that one you are out $1,275. Can you imagine risking over a thousand dollars for a chance to win five dollars? The casinos know that if someone had unlimited resources they would eventually win. That is why the set maximum bets at the table. For example, $500 limit.
Some people who try the Martingale system have an initial success with it. They might win consistently for many sessions and swear the system is fool proof. Sooner or later reality will kick in and they will discover the flaw in the system.
But remeber: Anything can happen in a casino including losing several bets in a row. There are still many players however that are just hearing about the Martingale system and are convinced that they can’t lose with it. Here is an easy way to see for yourself.
No betting system will change the overall casino edge and the Martingale system can be disastrous when things go bad. Please don’t be one who is fooled by this system.
Your comments are welcome!
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March 23rd, 2007 at 23:13
What if the system was applied to horses of favourites evens and above no max bet applies as you can spread bets over numerous betting shops. As long is your bank is big enough. If you stick to big meetings or festivals with the highest calibre of horse eventually a favourite will go in.
May 16th, 2007 at 11:58
Horses?! The problem with horses is the odds are created by bookies, and there is no statistical proof that a 1:1 horse will win half of his races.
May 21st, 2007 at 12:10
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December 28th, 2007 at 17:48
I review horse racing betting systems on my site. And there is one in particular which uses the Martingdale system. Yet the site selling the betting system makes no mention that their system is based on progressive staking. Certainly not a system for the faint hearted