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What is the Martingale Betting System?

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by (120 points)
Can someone explain the Martingale betting system and how it's supposed to work?

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by (380 points)
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.
by (100 points)
as soon as you mentioned martingale i knew exactly what was going to happen, this reminds me of the old joke, the best way to end up with a million using the martingale system is to start with 50 million.
by (100 points)
"I found a system that on paper will win 100"
"It's the Martindale system"

BROOOO you did not  Martindale has a 100% loss rate.
by (100 points)
Do a follow up video on which you trade stocks or options or even crypto using the martingdale principal, would love to see it
by (100 points)
some of these sports betting frauds use Martingale as their bullet-proof "system" lmao
by (100 points)
The issue with the martingale strategy is that you can always get very unlucky and lose everything. Stake has live casino so you know it is legit but that doesnt help because we have seen a record of 20+ red in a row in real casinos before.
by (100 points)
martingale is litterally the worst mathematical strategy you can do
by (100 points)
I tried this about 15 years ago, I used an online roulette and started my bets at £1, it was going quite well at first and I was up about £160 when I chose the wrong color 13 times in a row and it took all my money which I believe was a total fix because that is so unlikely, I actually tested it with a toy roulette wheel and won overall every time, but the reality is that it's a scam and programmed for you to lose
by (100 points)
Gotta go one step forward and every time you win, double your winnings. Then when that loses, start from the minimum again. Will quickly teach you to not be greedy
by (100 points)
"Science" is a bit of a stretch for margin gale : D

would definitely be interesting to see that strat automated on an exchange tough!
by (100 points)
Reason martingale doesn't work in practice is because of 1. position size limits 2. people underestimate the likelihood of having large sequences of consecutive losses
by (100 points)
Still waiting for the martingale system video on day trading
by (100 points)
> I Used Science to Outsmart an Online Casino
> Martingale

PepeLaugh
by (100 points)
Definitely wanna see a Martingale System video.
by (100 points)
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.
by (100 points)
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
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