Martingale Betting Strategy
The roulette wheel is alluring with its 35 to 1 odds, and the possibility of massive payouts. With that kind of rewards available, many people have been gulled into the belief that there had to be a system that could beat the wheel. One system arose that was so simple that people believed it just could not fail. This system is now known as the martingale system.
Play the martingale betting system is just a matter of basic math. Every time you lose a bet, you double the next bet in order to cover your original bet and your losses. However, this system is fundamentally flawed! As an example: Suppose you bet $5 on a red/black bet at the roulette wheel, and you lose the bet. Your next bet would have to be $10 (to recoup your loss of $5 and have the possibility of winning $5). If you win, thatís fine Ė but what if you lose again? Youíd have to bet $20 to recoup the losses and win $5. Now, just suppose that you lose 7 or 8 times in a row. You would have to bet $320 or $640 just to win $5. Thatís crazy!
You might wonder how likely it is that you would lose 7 or 8 times in a row. Itís more likely than you might think. Watch the next time you go into a casino. At the roulette wheel you might see black come up 15 or 20 times before coming up red. Check out the numbers board showing the last 20 numbers. You will be surprised by the results.
If you were rich and had an unlimited bankroll, you could just use the martingale betting system until you won, couldnít you. Well, no. Casinos always have the edge, and when the martingale system became common, the casino introduced table limits. You can only double up 5 or 6 times before exceeding the house limits. This negates the effectiveness of the martingale system. Stay far away from it unless you like the idea of losing your money quickly!
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