What is the Martingale System in Betting?

Question

Can someone explain the Martingale betting system and how it's supposed to work?

Answer 1

The Martingale system is a betting strategy that originated in the 1800s. It's used in games where the outcome is about a 50/50 chance of winning or losing. The idea is to double your bet after each loss, so when you eventually win, you recover all previous losses plus win a profit equal to the original bet. However, this system has several flaws, such as the potential for rapid loss of funds, betting limits, and the requirement for an unlimited bankroll to be truly effective.

Comments

This is basically the exact strategy I have used at the casino for blackjack for the last 4 years and it has worked out but it’s very stressful and not worth gambling to try and turn a profit. Also I found out that this strategy does not usually work in practice, after doing research on card counting I found out this strategy is not anything new and has been used many years before I ever thought of it and apparently it mathematically just doesn’t work out. Had worked for me but apparently just doesn’t work out in general.

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Title: I used Science to outsmart a Casino
Biaheza: Let's just guess which way it will go. Literally can't go tits up.

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yeah uh, anybody that mentions martingale instantly loses all credibility.

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Still waiting for the martingale system video on day trading

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You got it wrong.. if youll Martingale, you should stand your ground on one position, either all up or all down... Also, you should wait after 3 similar (ex. Up up up) results before starting your bet on the opposite direction.. this means you already been saved 3 down bets and so youll start counting on the 4th one, therefore extending your pocket life.