Martingale Exposed

• Author: Ed
• Filed under: Roulette
• Date: Jul 1,2008

In the past few days we have covered a fair few tips and rules that can help us all when we play any sort of betting or gambling game.

Today we’re going to look at some basic systems that we can integrate with good money management so that the end result = more profit. This post is written for your information only. It needs to be made clear that out of the box betting systems such as martingale etc, are doomed to fail if you don’t adapt them and become aware of their inherit weaknesses.

So before we start; let’s re-cap

We don’t play unless we have a large enough gaming bankroll
We don’t play unless we have a large enough session bankroll
We watch our losses
We track our wins

So with those rules, we can develop a system. Let’s say for example we’re developing a roulette system. We know that roulette is a game where flat betting is an option, so martingale or any flat betting system can be adapted.

What we need to do now; is take the elements of the game – what can we bet; what are the odds and transpose them into our system. So, in roulette we are most ‘advantaged’ in the spots that offer even money – i.e. black / white / odd / even / 1^st 18 – 2^nd 18, these bets have a just under 50% chance to win, hence the odds are low. So – put martingale into effect and we can start our system.

Bet 1 : red $1 = win {+1}
Bet2 : red $1 = win {+2}
Bet 3 : red $1 = loose {+1}
Bet 4 : red $2 = loose {-1}
Bet 5 : red $4 = win {+3}
Bet 6 : red $1 = win {+4}
Bet 7 : red $2 = lose {+2}
Bet 8 : red $4 = lose {-2}
Bet 9 : red $8 = lose {-10}

So that was our betting run. You can see that Martingale ‘seems’ to work; but before you try any system out, make sure you know its risks. Next time we will take a detailed analysis of martingale.