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THE MARTINGALE SYSTEM
Now and then a player shows up who claims they have invented a new system based on a double up bet. In reality, the martingale system has been a highly popular betting strategy since the 18th century. The Martingale is mostly used on games and bets that pay 1 to 1.
It's very simple, it states that if you loose you just double your next bet. This way you will always get your initial bet back plus a profitable win equal to your first bet. It seems easy enough, but you have to remember one thing… in an extreme, you have to have an unlimited bankroll to cover the succession of losses.
For example, suppose you want to earn an additional profit margin of $ 1 per bet - then you would do the following:
1 - Bet $ 1 - With a victory you have $ 1 - With a defeat you have a loss of $ 1;
2 - Bet $ 2 - With a victory you have $ 2 (Profit = $ 1) - With a defeat accumulate a loss of $ 3;
3 - Bet $ 4 - With a victory you have $ 4 (Profit = $ 1) - With a defeat accumulate a loss of $ 7;
4 - Betting $ 8 - With victories you have an $ 8 (Profit = $ 1) -
With a defeat accumulate a loss of $ 15;
5 - Bet $ 16 - With victories you have $ 16 (Earnings = $ 1) -
With a defeat accumulate a loss of $ 31.
6 - $ 32 Bet - With a victory you have $ 32 (Earnings = $ 1)
With a defeat accumulate a loss of $ 63.
7 - Bet $ 64 - With a victory you have 64 (Profit = $ 1) -
With losses accumulate a loss of $ 127.
8 - Bet $ 128 - With a victory you have $ 128 (Profit = $ 1) -
With a defeat accumulate a loss of $ 255.
9 - Bet $ 256 - With a victory you have 256 (Profit = $ 1) - With a defeat accumulate - $ 511.
Of course, it can be a significant financial effort to win a (1). So some expect a repeated sequence, such as 3 or 5 times the color red - and then bet against the trend with a value that ensures a profit more significant than $ 1.
Most believe that casinos limit your biggest bet because of this system. True or not, it is a fact that the limitation of the bet appeared after the increase of the popularity of this system in France.
It is also a fact that without the betting limitation it would be an infallible system in theory.
Perhaps one of the most famous stories of the martingale bet is from Wells, who is known has "the man that broke the bank at Monte Carlo". In an eleven-hour session Wells 'broke the bank' twelve times, winning a million francs. This was in 1891… This was serious money!
The online casino got genuinely concerned and hired several detectives to discover the Wells' system. Many years after, Wells eventually admitted that it was based in high-in risk martingale system and pure good luck.
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