Martingale the Strategy
What is Martingale?
Martingale is any of a class of betting strategies that originated from and were popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses if it comes up tails.
The strategy had the gambler double the bet after every loss so that the first win would recover all previous losses plus win a profit equal to the original stake.
Since a gambler will almost surely eventually flip heads, the martingale betting strategy is certain to make money for the gambler provided they have infinite wealth and there is no limit on money earned in a single bet.
However, no gambler possess infinite wealth, and the exponential growth of the bets can bankrupt unlucky gamblers who chose to use the martingale, causing a catastrophic loss.
Despite the fact that the gambler usually wins a small net reward, thus appearing to have a sound strategy, the gambler’s expected value remains zero because the small probability that the gambler will suffer a catastrophic loss exactly balances with the expected gain. In a casino, the expected value is negative, due to the house’s edge. Additionally, as the likelihood of a string of consecutive losses occurs more often than common intuition suggests, martingale strategies can bankrupt a gambler quickly.
The martingale strategy has also been applied to roulette, as the probability of hitting either red or black is close to 50%.
In a classic martingale betting style, gamblers increase bets after each loss in hopes that an eventual win will recover all previous losses. The anti-martingale approach, also known as the reverse martingale, instead increases bets after wins, while reducing them after a loss. The perception is that the gambler will benefit from a winning streak or a “hot hand”, while reducing losses while “cold” or otherwise having a losing streak.
As the single bets are independent of each other (and from the gambler’s expectations), the concept of winning “streaks” is merely an example of gambler’s fallacy, and the anti-martingale strategy fails to make any money. If on the other hand, real-life stock returns are serially correlated (for instance due to economic cycles and delayed reaction to news of larger market participants), “streaks” of wins or losses do happen more often and are longer than those under a purely random process, the anti-martingale strategy could theoretically apply and can be used in trading systems (as trend-following or “doubling up”).
Playing Martingale online casino
Can I do Martingale on a online casino?
Well, this is a tricky answer, as Yes you can do it and the Online or Live dealers will not say anything when you are playing, as even if they know what you are doing, it is not their job to say anything about this, this is the Casinos job, no matter is it a land-based casino or an online casino.
You can win nice sums using this method, but there is a big chance that the casino’s fraud team will catch you and if they do, there is a big possibility that your winnings can be or will be confiscated.
So to be honest, we do not recommend using this strategy, but we do know that there are a lot of players who do use it and have won really nice sums of money. But we will leave the decision up to you.