The Martingale bet system may win the prize for oldest of the traditional betting systems. Based on reliable evidence, it was used by many gamblers back in the 1700s. It is much easier than card counting, which you have to appreciate. This strategy is still popular with newbies, despite its shortcomings 해외배팅.
Martingale is a game that requires the gambler double his stake after each loss and return to his initial bet after each win. Every loss or losing streak could be ended by one win. The gambler would be able to make a lot of money if he had a winning streak.
Although the theory sounds promising, it is not practical. Let’s examine an example to understand the difficulties of putting this theory into practice. You place a bet of one unit, and you lose. Double your bet to get two units. You will see what happens if this second bet is successful. You will make one unit profit. This means that you lose one unit, but win two. You can double the amount of your bet if you lose a bet of two units. If you win, you will have lost three (the bets that were one and two units each) but won four units – making you a profit of one unit. You can make one unit of profit for every bet you win, regardless of how many losses you have suffered. Wow!
This strategy seems to be foolproof because you cannot lose forever. Martingale can also help you recover all your losses by winning one single game. You can lose huge amounts of money, but you won’t be able to keep losing forever. A large bankroll is essential. It is possible to lose seven, eight, and even more consecutive bets. In Atlantic City I lost nine bets after betting on the pass line of craps, which has a very low house advantage. What would my tenth lose bet have been if Martingale had been used? Would you believe $2.5560 Would you believe $5,560 if you were a fool? A poor one!
Martingale doesn’t make it easy to make a fortune. The casinos limit the amount that you can bet on one game. Casinos recognize that you might be lucky enough to win Martingale, or rich enough to take it to the extreme. So, they set table limits. These are the maximum bets. The maximum bet limit for $5 tables is $500. Even with a large bankroll and lots of stupidity, I would not be able to make the Martingale bets.
A final warning. Do not believe that a seven-loss streak is a guarantee of a win. The odds of winning a game of craps or roulette (betting on black or red) are identical after one loss, two losses or ten losses. These games give random results. The dice have no memory, so they don’t know when a win is due after losing several times. If black is drawn ten times consecutively in roulette, the chances of it being red again on the next roll will be the same as for any other roll.
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