The Martingale was famously used by Casanova, the notorious Venetian lover and adventurer. He was well known for taking risks, so it should come as no surprise that he favored this ultra-risky bet.
How it works
The Martingale works by doubling your bet after every loss. Once you win, you keep the winnings and start again at the initial stake amount. Let’s take Roulette as an example. I am betting 1$ on Red to win. If it wins, I keep the $1 that I won and next round make another 1$ bet. If it loses, I bet $2 on the next round. If that wins, I will have recouped the $1 and $2 I lost on the previous bet, plus another $3. If it loses, I keep the $3 and start again with a $1 bet.
This argument is a simplification of the full Martingale betting system. Let’s say you bet $5 on black to win. If you lose, you double your bet to $10. If you lose again, you double again to $20. When you win, you return to betting $5. But before you do so, you have to make a $1 bet. repeating this process indefinitely will ensure you win-repetitioning is meaningless, but the system is meant for betting in a short period of time.
Can you win using the Martingale System?
The Martingale can be a lucrative betting system if you have a reliable money management strategy, and can bet within a reasonable amount of time. Many people have developed ways to profit from the Martingale System, but no method has yet been proven to beat the house edge. Some combination of factors will be the factors that will affect the house edge, but the Martingale remains one of the most likely methods.
The house edge
The house edge is the amount you bet to win $100. According to government regulations, the casino must cover every bet on the table. Even with the house edge, a typical American Roulette wheel has a house edge of 5.26%. That means the house can expect to make around $5.26 in the long run.
The doubling cube
Some players believe the Martingale system works better with a doubling cube, and pass instead with the coin. They select a large number, let’s say 16. Since the banker must play the same number of roulette rotations, if you bet $1 you win 4 times, and if you bet $16 you win 8 times. Betting $1 on the 16 and $16 pays out 8 times, which is not far off the standard 3 to 2 payouts. Betting $1 on the 8 and $1 on the 16 pays out 3 times, which is not far off the standard 2 to 1 payouts.
Where’s the fun in that?
There’s no fun in doubling the bets when you’re the banker, but $1 bets are generally unmarked with an “X.” The Martingale system is designed for you to win four times in a row, which isn’t possible in the long run. You can win the money you’ve won, but the casino is in charge of paying out the money. Unless you quit while you’re ahead, you’re going to lose every time you bet. Casino usually want you to bet more money than you can afford to lose, so that the house isn’t as ahead as it could be. That’s the house’s game. Betting the table minimums, as used in the standard Martingale system, will make you feel good, even if you lose money.
If you can understand the numbers presented above, you can play the martingale system. If you don’t, and you think about the possibilities of winning and losing, you can try the system with a few gambles. It’s very possible to win, though, as long as you bet the right amount. The stakes are described in the next section, and the bets are given here.
How to bet the martingale system
The martingale system is betting on the next color to appear after a win. You can bet $1, $5, $10, $20, $50, and $100. The $100 is the ‘bank’ and the $1 is the bet on the next color to appear. If you win, move the $10 bet to the $20 and make $5 on the next color. If you lose, move the $10 back to the $1.
How to play the colors
To play the colors, place your bets in the packages below.