Risky financial betting strategies
Ask any number of roulette players for their betting strategy and chances are good that you will receive the same number of different answers. Fortunately, one of the most popular answers that you will probably receive is the Martingale betting system, which after you study if briefly is clear and very easy to understand, and makes a lot of sense.
It's no secret that other systems can be very complex and require a high level of understanding of the mathematics and strategy involved, but the Martingale system is so easy to learn that you don't even really need to take notes to learn it thoroughly. The Martingale betting system does require considerable risk, which is why many experienced players don't use it, but every player should attempt using it, for no other reason than to try it out to see how it works for them.
How the Martingale Betting System Works
A player who uses the Martingale system when he or she is betting on any of the outside bets, which are 1-18 (Manque), 19-36 (Passe), red (Rouge), black (Noir), even (Pair) or odd (Impair). When a player makes his bets as such he approaches 50 percent odds of winning, which is the maximum, despite the fact that this will result in the smallest payout. The payout will be even money, but you will also receive one unit for the win.
Another concept of the Martingale betting system is doubling bets. This strategy is also very simple to implement. With the Martingale system you simply place first your bet on one of the outside bets. Each and every bet you lose, you simply double your bet. You keep doing this until you win. With this method, every time you win you recoup the losses you made with your previous bets. This also rewards you with an amount equal to the original bet you made. After you have made this final bet and recouped your losses, you start again with the amount of the original bet, repeating the process over and over until you win.
Clarifying the Concept
To make the Martingale system as clear as possible, this will serve as an example. For the purpose of this illustration, we will place a single unit on the black space. The amount of that unit makes no difference. It can be $1 as well as it can be $100. Let's say that the ball lands on a red, which means that you lose your bet. With the Martingale system, you will next double the bet you lost so that now you have placed two units on black. And if black wins you will immediately receive two black units. With this you will have recovered the chip lost duringf the first round plus one additional chip. If a red had turned up, you would have lost your bet and you would have placed four chips, or double the previous amount, on the next roll.
Theoretically, this can continue forever, except although you could lose far more than you win, you will always make back what you have lost in the long run. It is important to emphasize that this can be done only as long as you double your bets with each loss that you have. It is important that you understand, however, that the Martingale betting system works in theory only. In fact, there are a considerable number of other factors involved that influence each turn.
At this point, you are probably wondering if the Martindale system really does work. Unfortunately, the answer is yes and no. In theory, the answer is yes. The theory put forth in the Martindale system does work. On the other hand, with the green space on the wheel represents the house advantage in the game. With this element alone, the house advantage is increased slightly since no matter what you do your odds will be less than 50/50. What is important to understand, despite the Martingale betting system, is the fact that whatever system you use, you can still not overcome this statistical advantage that the house has.
Martingale: What To Watch Out For
Despite the dangers that are so well pointed out with the Martingale system, many people still swear by it. Even a more complex analysis of the system convince most people that it is a winner. More advanced players aren't so easily fooled. Another important reason that the player is at a disadvantage with the Martingale betting system is that after a few rounds of losing, the player will obviously run out of money far faster than the house. In fact, this is a fact that the house is betting on—literally—in any game of chance. This is also not even considering the fact that there is a table limit with practically every game, for this reason, even if you could continue to add to your bets since you lose, the table limit would eventually stop you from adding more to your bets to make up for your losses. Once this limit has been reached, the Martindale system can't be proven and loses.
This flaw is the same one that occurs in the old game of doubling your pennies. After a few rounds of doubling your pennies, the progression would mean that not only would there be mounds of pennies on the table but after only a short time, all of the pennies in the world would not fit on the table. As an example, if you were betting only one unit after 10 loses (rounds), you would require 1,024 units to cover your losses and keep the system progression going. It seems unlikely, of course, that you would lose 10 rounds in a row, but the point is that you would need to come to the table with significant amounts of money to begin winning.
This is beside the amount of time you would have to spend at the table to win. The amount of money to be won or lost is not the point since the casinos will allow the method to be used, especially since it will result in them winning, and probably in very short order. The bottom line is that using the Martingale betting system will result in your loss, shot term or long term.
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ABOUT THE AUTHOR
Alex Greene are Senior Editor at Sports Intensity, an online sportsbook review site dedicated to providing objective sports betting advice to the sports betting community. Visit their website