| The Martingale system is a very old and extremely
simple system. It is based on the probability of losing infinite
times in a row and is usually applied to 'even money' bets.
You start with one bet. If you win, you start
again with one bet. If you lose, you double your bet. Each
time you lose, you double your last lost bet. Eventually you
are bound to win. When you win you would recover all your
lost bets plus one unit (or chip) profit against your initial
wager.
Although infallible in theory, the Martingale
system requires a large bankroll, has a very low return and
is a very risky one because of the maximum bet limits imposed
by the casinos. If you run out of money or reach the house
limit, you can lose a lot with no chance to recover your losses.
|
