You start by betting $1,000 on red at the roulette table. You have nearly a 50% chance of winning, but if you lose, you're down $1,000. To get back to where you started, you decide to bet $2,000 on red. If you lose again, you're down $3,000. Next, you bet $6,000, and if you lose that too, you bet $18,000. The idea is that eventually, you’ll win and recover all your losses plus make a profit.
You can make a lot of money very quickly using Martingale. You can also lose everything just as fast.
Phew! 😅 That sounds like a trap to hell 😆. The risk:reward ratio is not convincing enough. The amount of money incurred in loses is too high compared to the gains. I already have anxiety I don't want to lose my mind using that strategy. It's No from me 😄
I gasped while reading that! Lol.
People who believe that they can use the Martingale system to profit do not understand numbers.
There are two problems with it:
1. Every roulette spin is statistically unique from the other
2. The bettor has no edge and at some point will probably face financial ruin
You can't beat a roulette table. I think I offended a friend the other day when he said that he had a good little system of spreading his bets across all of the numbers - you might get a bit of luck but eventually, the house edge of the green 0 will make money for the operator, so don't be naive.
The only way to profit from a roulette wheel is with free bets. I see no other way unless you find a faulty one...
This sounds like a recipe for disaster if you're unlucky on the day you're playing. It sounds more like a gambler's fallacy rather than a system because it's sounds like as long as you keep on betting, you'll eventually win. Be careful when you're trying to implement this, keep in mind that past losses don't affect future outcomes.
Lol. You need extremely deep pockets but it works. P.s: This strategy has wrecked legends
Well if you kinda have unlimited resources this can work out, but here me out. Once I was betting ONLY on red. It turned out black 8 times in a row. The 9th time I decided to go black and it turned out red. These type of formulas can work but they are not ones to rely on.
The Martingale system is not for the weak. As per your example the first bet is $1000, the second bet, $2000 with a total outlay of $3000, the third bet, $6000 with a total outlay of $9000, your fourth bet, $18,000 with a total outlay of $27,000,......
Let's say you stop at the fourth loss, it means you'll have staked $27,000 to recover an initial $1000 bet. How tenable is that? Also, there are table limits on how many times you can double your bet. If you hit the table limit in a losing streak you'll be hit by a disastrous loss. Now factor in the psychological pressure. I can't even fathom the anxiety. You've got to be made of steel to use Martingale's gaming strategy. Doubling your bet after each loss is unsustainable and impracticable for most players.
@dany Dang! That must have sucked? Yes the strategy does work but it requires one to have a significant chunk of $ that they are willing to part with and not feel the dent.
@pkyonze At one point when I was on the 5th or 6th bet I was doing it just out of stubbornness. 😀
That strategy sounds like a recipe for disaster. It's probably the kind that pushes you to sell all your assets including your house while you attempt to recoup the money you lost.
Nah that sounds like a plan to loose everything and go broke. It's truly just false hope and plain stupidity to try to win or recover your losses in this way. Rather just stop playing to be honest
@lateathelete69 Absolutely.
Unfortunately, EV, house edge and bookmaker margin are terms that are fallen on deaf ears when I try to explain to friends that instead of pumping out their shitty accumulators week in week out at least stick to ones with an offer that give them an edge!
