Martingale System
The Martingale system is one of those systems that when a player first discovers it he or she thinks they have struck gold and cannot possibly lose!
However the system is one of the most destructive and high risk systems found anywhere online or offline and you should avoid using it, or use it very, very carefully should you put it into play.
Basics of the Martingale
The idea of the Martingale betting system is very easy to understand, you simply pick any even money paying opportunity.
This could be absolutely anything you want, a red bet in roulette or a hand of Blackjack, as long as the payout odds are even money then this is the wager you will make.
You then place a one unit stake on that bet and if it wins, great you have won, however should that wager lose then all further wagers are double the previous ones.
Pros and Cons
You could have a great session using the Martingale, if everything is falling into place, you will win time and time again in a very short period of time.
However if the wagers are going against you then in no time at all the amount of money you will have to place onto the table will become huge, and this very fact can blow even the biggest bankroll.
Casinos, both online and offline love players using the Martingale betting system as they know, that as night follows day, a run of numbers will appear whereby the player loses.
Each casino will also have in place table limits which means that a player using a Martingale will soon reach this limit and therefore will be unable to place the next bet in the system to recoup all previous losses.
Martingale Mathematics
As if proof was needed we shall now take a quick look at the mathematics of using the Martingale betting system, and as you will see the numbers involved can quickly grow and grow.
Your first wager will be simply one unit, in our example we will use $1 as the unit stake, if the first bet loses your next bet is a reasonable $2, if things don't go well then the next bet is $4, then the next is $8.
So far the stakes are fairly low, but a further run of losing wagers will result in you having to stake $16, $32, $64 nd $128. You are now having to place bigger wagers just to win $1!