Martingale is a betting system that originated long before Las Vegas and gambling is a twinkle in the eyes of Bugsy Siegel. In fact, this strategy originated in 18th century France. Rumored to be the brainchild of ruthless casino owner John Martindale.
Judi Online , As you may have guessed, the Martingale system name is a play on the family name Mr. Martindale. It is important to note that Mr. Martindale does not use the system itself, but strongly recommends its use among its gambling customers. He would regularly suggest to his players that other gamblers had consistently won large amounts of money using the system.
Sadly, since most successful gambling systems fly in the face of conventional logic, they will agree with this idea. Today, I’m going to share the joys and sorrows of the Martingale and in what specific situations it can work and why. I will also define and evaluate the Anti-Martingale variation of the system.
The Martingale system is one of the most popular betting strategies employed by recreational players around the world. This is because it has a straight forward and seemingly rational approach. Players believe the easier the philosophy the better and of course it is. Players do not have to commit to memory complex equations or quickly calculate the bet amount in their head.
This system can be easily implemented in online casinos as well as in traditional brick and mortar establishments. Over the years there have been dozens of variations on the Martingale system. All of these variations orbit around the main idea of increasing or decreasing the stake after losing.
In most cases this system is applied to games of odds that are close to winning 50/50 on a losing outcome. Like black and red Roulette bets or passes and don’t cross the line at the craps table. A less common but without question, to which the Martingale system can apply, is Baccarat.
The traditional Martingale system only doubles the next bet after a loss has occurred. When victory is achieved, a new cycle begins. The strength of the system is that the player wins the highest bet of the cycle.
Consider the following hypothesis:
If a player starts with a $ 1 bet and, loses that bet. Their next bet is $ 2 dollars, and if the player loses that bet, their next bet is $ 4. If the bet is won, the cycle will restart and the player starts betting with $ 1 again.
Advantages of Using the Martingale System in Gambling
This approach guarantees that the player will win the biggest bet of each betting cycle. At first glance and into the mathematical challenge, the Martingale system appears to be a superior approach to coin-flip games. Novice players saw this as essentially having a license to print money.
Like the perception of a parking lot near the door in a shopping mall on Black Friday, Martingale, too, is an illusion. This system opens players up to impossible but very high risk approaches and to very minimal prizes.
The Martingale system plays on the statistical probability of odds and lures players to a false sense of security. Provides an illusion where the approach shows that the player has very high odds. To win some small amounts and have a very low chance of losing large amounts of money. Because players often win small amounts, players fall into the wrong perception. That winning more often means winning more total dollars.
This, I can assure you, is not the case.
Finally, since most of the games applied to the Martingale system are subject to the laws of trial mathematics. Which inherently states that each event is independent of the last. There is no way for players to feel safe in their play without additional hedging.
I’ll be back there soon. Next, I would like to address some of the major drawbacks with the Martingale system.
A popular variation of the Martingale system is the Anti-Martingale system. The premise here is to half the stake after each bet and double the stake after each win. This variation is betting on the streak but again in the long run, players will see a steady decline in their bankroll.
Like the traditional Martingale system, the independent trial law causes this to fail. Players will sooner or later reach a streak where losing will eliminate all wins. There are ways to hedge your bets when using the Martingale betting system which gives players positive expectations. But they can only be used for a very short time and have no long term possibilities.
The way players do this is by using promotional chips. These are the chips offered to players by the casino which can be wagered but have no cash value. So if the player wins they get the money but if they lose the bet it doesn’t cost you anything.
This is basically a free bet. This shifts the percentage because there is no negative edge on the bet. It’s really playing with “house money.” The Martingale is not a system that leads to positive expectations for players, and should not be treated as such. Even considering using a method to generate money hedging methods such as promotional chips should be used.
The Martingale Betting System can only be successful when its main principles are upheld. You really have to keep doubling your bet until you win. If this pattern is broken at any point or limited by external factors, it falls into theory and practice.
Hence, if you are looking for bigger blackjack or roulette profits then you should look beyond this strategy. Although there are some benefits to it when used in small doses. Relying on it as a complete betting system would be an expensive mistake. One that will eventually force you to break any bankroll management rules. Which you may have set yourself.