The Martingale Betting System is one of the most popular strategies that players in actual gambling institutions and online casinos use. The concept is that you double your bet after every loss in the hopes of getting back what you’ve lost and earn a profit.
Although this may sound like a pretty good strategy, this article will revolve around the reasons why this system is a bad idea, especially when you are using this when playing at the roulette table.
Why It Doesn’t Really Work
One of the most common bets that people do in the game of roulette is the odd/even bet or the red/black bet. That is because your chance of winning is basically 50%. This is where the players would implement the Martingale System since they can potentially earn a profit since their chance of winning is relatively high.
Now, this is where it gets pretty interesting (and not for the better). Even though you have a 50% chance of winning the game, there is also 50% chance that you are going to lose and the game of roulette can be quite streaky in the sense that you could potentially be on a winning streak and you can also be on a consecutive losing streak as well.
Let’s say that in your first 3 games that you’ve lost and each time you lost, you doubled down on your bet. On the 4 th game, you won and you have potentially earned back what you’ve lost, but there is a problem- how sure are you that you are going to be on a winning streak? Well, to be honest, it really depends on how lucky you are.
In a 2009 article published on the Wizard of Odds, Frank Martin- the one who made the experiment- flipped a coin 200 times in a row. In some cases, the coin would hit either heads and tails and it would change on every coin flip. However, there are instances (well, 80% according to Martin) where you can potentially hit a heads or tails in succession which is why the Martingale System seems to be an appealing choice on agame such as the roulette.
Okay, let’s get back to the game. Assuming that you’ve won and lost some money amounting to $640. A typical game of roulette would only give you a maximum of $1,000. So, not only are you going to spend a huge amount of money on every bet, you typically only have a limit of only $1,000 which means that, in practice, you are not really going to be able to recoup all of your losses when you play.
So, What Happens Now?
Despite the fact that the system is flawed, the Martingale strategy is still good but only in a few cases. What you can do is just forget about this system and just play the game as is. Enjoy the game and test your luck, that is probably the best way to do it.