How does the Martingale Roulette strategy work?
Whenever you are playing the roulette table at a casino, you have the option to bet the minimum amount you have to. As long as you place a minimum wager on at least 1 of those 2-1 bets (black or red; even or odd; or 1-18 or 19-36), you can double your money. When you win, you return to the table with doubled money and repeat the process. Using this strategy you could easily be at the casino floor in a matter of seconds. It’s as easy as that. And this method has been used for centuries with highly predictive success.
How to implement the strategy
- Look for a roulette game with a small minimum bet and a large maximum bet. The difference between these two numbers is essential as it controls the number of times you can double up.
- Place the minimum bet on one of the following:
- red/black
- odd/even
- 1-18 /19-36.
- If you win, pocket your winning and return to betting the minimum amount.
- If you lose, double your current bet value and bet on the same outcome again.
- Repeat steps 3 and 4 until the table limit is reached.
- If you reach the table limit and have not won, you are out of pocket for the amount you have committed thus far.
These methods of probability can be applied economically as well. Students in a statistics class are taught about conditional probability combinations. The numbers that are required to cover a given topic are always in the form of three equal conditional probabilities. (1/A, 2/B, …, P). You can display P on the same sheet of paper and write down the conditional probabilities. Each probability is separated from the other one with a thick vertical line. An example of this is that if the previous result was a red, this result does not have an impact on what the following result will be.
History of the Martingale Roulette Strategy
The truth is that strategy must be remembered by those who play at casinos. The strategy, in this case, is the same as picking the minimum stake against the house. If you lose, then double that even if you win. If you win, then return to your original minimum bet. Once in a lifetime, a single bet can be a game-changer but that is not how it works when using the Martingale roulette strategy. This strategy is all about building a bankroll.
The Martingale Roulette strategy originated from 18th century France where a number of strategies for other casino games also inherited the name. The simplest way to build a big bankroll on a single bet is by betting the maximum on a single bet which many players over the years have been tempted to do, until the invention of the Martingale betting system.
The system was rumoured to have become very popular with one lucky gambler with a big enough budget actually taking the french casinos to the cleaners. This was until the casinos themselves implemented table limits to stop players with large bankrolls from improving their chances of success.
Does the Martingale Betting Strategy work
In order to be accurate, the Martingale roulette betting system requires infinite wealth, bets, and time. By definition, it only works in a zero-sum game where the expected value of the profit is greater than or equal to zero. Otherwise, the loss is greater than the gain.
It all forms part of what is commonly referred to as the “gamblers fallacy” whereby people believe that previous results have an impart on future ones. It may be more unlikely for 6 reds to drop in a row than for all other combinations but for each spin of the wheel, the opportunity for a red or black result is exactly the same.
All casinos, both online and offline have table limits to ensure that players, even if they had the money for it, could not continue to double their bets into infinity. This means that when a player reaches the table limit, they will be unable to double their bet and must absorb the loss.
That’s just one of the many fantasy marketing misconceptions that could have been avoided if people would have only taken a few minutes to read a few helpful articles before they decided to commit their life savings
I fully recommend playing roulette. It isn’t that difficult, you can play for hours at a time if you play within your means. It is important to understand that there is no strategy that tilts the odds away from the house and although the Martingale strategy could, the side rules on the casino floor, ensure that it doesn’t.
