What is the Martingale Betting System?

Question

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

Answer 1

The Martingale betting system is a strategy that originated in the 18th century, often used in games with a 50/50 win chance. The idea is to double your bet after every loss, so when you eventually win, you recover all previous losses plus win an amount equal to your 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 guarantee success. It's a risky strategy that can lead to significant financial loss.

Comments

Still waiting for the martingale system video on day trading

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> I Used Science to Outsmart an Online Casino
> Martingale

PepeLaugh

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Definitely wanna see a Martingale System video.

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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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Fun fact about martingale: the lose of your streak is always 2^n-1 with n=round played for winning 2^n. The moment you lose is when 2^n>C  with C equal to your capital because let's assume you have 50 dollar you can't play when you lose for more than 5 times (1+2+4+8+16 you dont have 32) and n goes to 6. So let's say that for be sure of losing n times in a row your C = 2^n.  What are the odds of losing everything? You have 50-50 chance every time so it's 1-1/2^n that actually is 1-1/c. Let's assume you want to double your money so you have to go against the chance of losing everything c times (you win 1 every time and you have to win it c times). Now since that you will have to play one entire game c times without losing with everytime the chance of losing being 1-1/c. We can easly say the chance of this happening without you losing are (1-1/c)^c that going with bigger capital c is around 35%.


After all of this i hope you understand the chance of doubling your money with martingale is around 35% while betting everything on red or blue is 50%. If you want to double just go all in