Martingale Roulette Strategy
Full description of the Martingale Roulette system, which involves doubling your bet after each loss. Many players try it and have initial success.
Originally, the term martingale referred to a set of betting strategies quite popular in 18th-century France. The simplest version of these strategies was developed for a game in which the player wins his stake if a coin comes up heads and loses it if the coin comes up tails. These kind of systems are designed for wagers that have a 50 % chance of winning (because of the green slots on a roulette wheel the chance of winning is actually 47.37 % and not 50 %).
How to play with the Martingale strategy?
With this strategy you simply double your bet after every loss, so that the first win would recover all your previous losses plus get you a profit equal to the original stake.
(Total win $8) - (total loss $7) = net profit of $1
You see where this is going, your bets grow exponentially and every one of your bets adds to the overall betting amount. Once you have a lucky streak and win you simply start all over again with the smallest betting amount. No matter how many times you are losing this system always leaves you with a profit in the end. It may not seem much, but as you can vary your initial bet and spin the wheel several times in quick succession these small amounts will soon add up. Actually, you have the potential to earn more per hour than what you're probably currently earning at your day job.
The trouble with applying that idea to anything in reality, though, is that a losing streak can force some pretty large bets or that you reach the house betting limit at some point before completing a streak. To maximize your success your best shot is to sustain as many double up bets as you can. The more bets you cover the longer the Martingal strategy can work. This is important in case the house gets one crazy long streak. To do this you should start your bet at the table minimum. Another thing is to make sure you have a big enough bankroll to be able to back up all your double bets. If the table limit was $1000, its best to have at least $2023 to play with.
This may seem like a strange amount, but consider this:
|number of spins||1||2||3||4||5||6||7||8||9||10||11|
Before you spin the wheel for the 10th time you will have wagered $511 already. If you carry on and spin the wheel for the 10th time you need to bet $512. Before you spin the wheel for the 11th time your total loss would amount to $1023 by now. If the betting limit was $1000 you could only wager this amount on your 11th spin and not the proposed $1024 (2 x $512) --> $1023 (previous spins) + $1000 (last spin) = $2023.
One popular tactic employed by Martingale players is the hit and run technique, where you have a set target profit. Once you hit your target, you must leave. This makes it harder for the casino to detect a pattern (remember you are dealing with software after all - you never know). You can always come back later to play again.
Basically, there is nothing to be said against using the Martingale strategy with any other staking system to help to decide where to place your next bet.
Playing against or with the streak?
You can either bet on the same number/color/field etc. and increase the wager until you win or employ the more popular system among Martingale players and fight the streak. That is, to bet against the previous result. You bet on a field that has not come up yet. For example, if the last result was red then your next bet would be on black and vise versa.
The argument for playing against the streak is that the likelyhood of getting the opposite result increases more and more the longer that streak goes. This means chances of getting 3 reds, for example, in a row are 1:8, the odds of having 4 straight reds is 1:16 and the probability of seeing 5 straight reds are even lower with odds of 1:32 and so on. So, statistically the vast majority of streaks you will get are rather short ones.
So if you want to play it safe then you would wait for 4 or 5 reds, before betting on black, for example. The downside is that you obviously would need more time to arrive at the same result as opposed to the "standard" Martingale strategy, as there might be times when you could have won with 2 or 1 spin only.
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