Tricks and Tips
Learn how to protect your business from potential loses before it is too late
Winners and Losers
There are two types of gamblers. Winners and losers. The most popular betting system among losers, is called the Martingale Betting System. In this article we will explain why you should never follow this system with absolutely no exception. According to the legend, the father of this system was John Henry Martindale, a London casino owner in the 1700s. Lost in translation over the years, Martindale changed to Martingale. This strategy jumped to continental Europe and became very popular among French gamblers of the 1800s.
In a nutshell, this system means constantly doubling your losing bets until you eventually win. So, if your first bet is a 10 and you win, you keep that 10 in your pocket as a profit and you continue betting with another 10. If you lose that 10 of your first bet, you must wager 20 on the next bet. If that’s a loser too, you must bet 40 on the next bet, and so on and so forth until you win a bet and pocket another 10. Then, you repeat the process until you pocket another 10.
Not for Winners
The system is very simple and easy to memorise. The mathematics behind it are so easy that even an elementary school student would easily implement. Provided that students are allowed to gamble. As you understand there is no mental capacity in this system and that is why it is used by losers.
The Martingale betting system would work perfectly under 2 circumstances. 1st, the player has an infinite bank roll. 2nd, the casino (or the bookmaker) will not limit the action, allowing the player to bet as much as he wants. Under these prerequisites, the system would prove consistently profitable. However, in real life these 2 prerequisites will never be found. First because no player has an infinite bankroll. And secondly because all casinos and bookmakers, with no exceptions, have betting limits.
Just to give you an idea of how far randomness could go in a casino game, I will mention the record for a roulette for the number of reds in a row. That was documented in the US in1943 when the colour came up 32 times in a row. If we do the maths, we will find out the probability of this happening on a European Roulette table is equal to 1 in 10,321,314,387. In addition, another monstrous randomness record is reported in the Monte Carlo casino when red came up 39 times in a row.
Of course, Martingale enthusiasts will also speak about several variations of the system but all of them are crashed under Mathematics, bankrolls and wagering limits. If you already reading these lines, then you are a member of arbusers forum, the smart betting community of long term winners, and you do understand the risks of this strategy.