## Posts Tagged ‘Martingale betting system’

### The Martingale Betting System

Tuesday, January 12th, 2010

When playing blackjack, or any casino game for that matter, it is wise to use flat betting, which is to bet the same amount each time. It is the safest way to bet and in the long run will save you money. However, that doesn’t stop people from believing that betting systems are the way to go. People use betting systems in an attempt to gain an advantage in games of chance, such as craps and roulette. People think that using the correct betting system can help you overcome the house edge. Those people are wrong. Betting systems don’t work. Still, everybody knows somebody who swears that their strategy works for them. I will attempt to convince you otherwise.

One of the most popular betting systems is the Martingale system. Using the Martingale system, a player doubles his bet after a loss. This is an idea that seems to make sense. After all, if you lose money on one bet and then double the bet and win it, you make your money back and then some, right? Well, kind of.

For an example of the system “working,” let’s imagine a bet where the player starts by wagering \$1 and loses four bets in a row before winning on the fifth. In this case, the player wins \$1 extra (losing \$15 on 4 bets and then winning \$16 on the fifth bet). The reason that the Martingale system is a bad idea is that the above example assumes you have enough money to handle the losing streak. Far more often, the players keep doubling their bet and doubling their bet and then run out of money before they have a chance to win it back. Also, many casino games have a betting limit that is used, in part, to thwart the Martingale strategy. Therefore, another way of the system failing you would be for you to reach the betting limit before making your money back.

In the short run, the Martingale system can make you some money, but it is also likely to cause you to lose a lot more money a lot faster, causing you to give up and quit, run out of money, or reach the game’s table limit. In the long run, the system will cause you to lose money.