"You will lose in the long run", people say. Yes, but you will lose in the long run with any betting strategy so how is the Martingale any different?
But here is the short of it, I personally have made some very substantial gains using the Martingale. The trick is to have the discipline to walk away when you are up. Set a stopping limit for yourself when using any betting strategy.
I remember the good ol' times of burning the midnight oil for hours straight playing blackjack with only the Martingale. It can be a fantastic system, as long as you don't get GREEDY.
The Martingale Betting System
The Martingale can be summed up quite easily--double after every loss.
For example, say you start with a $5 bet and win. You would continue to bet $5 until you lose a hand. Then you would double your bet to $10. You would keep doubling your bet like this until you win, in which case you return to betting $5.
Easy as pie, right?
Here is what ten losses would look like under the martingale betting progression.
$10, $20, $40, $80, $160, $320, $640, $1280, $2560, $5120
After ten losses you are betting $5120... Yikes! But wait, that's why we have our casino bonus money. Use all of you free sign up bonus money and bet aggressively. Make it or break it baby! After all, it's not you're money it's the casino's.
My advice? Bet big and bet hard right from the start and hope that the losing streak doesn't happen right off the get go. Once you double your money, walk away. Don't get greedy. That losing streak will happen, its just a question of when. But, if you play your cards right you can stand a chance to make a big time profit.
4 comments:
The basic strategy on playing blackjack is to know when to hit, stand, split, double down, surrender or take insurance forms.
I agree with your statement completely. Basic strategy is a must, but in the end, you can't win without card counting.
Thanks for commenting!
Wow! Believe it or not I have never heard of this strategy. I think I will take your advice and try online first and see how it goes. Doubling your bets every time would be a little nerve racking for me so hopefully I can get a win before 10+ hands! Thanks for the info.
-Dave
As the Martingale system is based on a sequence of random events, there is no definite ways for the gambler to definitely increase their ability to win. But it has been noted on some online gaming sites that certain numbers do tend to come out in close succession.
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