It is unclear exactly when the Martingale betting system was first created, but most experts will agree it was sometime during the 18th century in France. The origin of the name itself is widely debated.
The BasicsIf you gamble regularly, or even just occasionally, you may already employ the Martingale system and just never realised it. There is the misconception that the system requires the gambler to double his bet after every loss. In fact, no such requirements are necessary.
In the Martingale, you place a single bet on say red or black. If you win, you keep the bet and you keep doubling your bets if you lose. If you lose again, you double again and bet on the same colour. If you win again, you keep the winnings and start the cycle again.
If you lose five or six consecutive bets, you just stop betting altogether. Even if you triple your bet after a win, you have to stop the recurrence bet for the same reason.
There is no need to keep betting if you lose seven or even eight consecutive bets, as the laws of probability state that, eventually, you will lose and the Martingale will have you betting again.
This is the understandable and mathematically correct way to play the Martingale system.
Is There a flaw in the System?
Those who know about the Martingale system admit that there is a flaw in the system however it is not so obvious. The flaw is that the fallacy of the “Monte Carlo fallacy” will pop up. What this referred to was the idea that if an event has not happened recently, it is bound to happen in the near future. For example, a red horse will not win the race just because there have been no horses carrying the colour red in the past.
The problem with the Martingale system is that you could be onto a streak of red horses but that could take many years to complete! That is why many gamblers prefer to use the martingale systems. They argue that it is more reliable to use a consistent set of circumstances provided you keep bets small and take insurances when necessary.
Other users of the Martingale system will use a Positive progression System to make profits, regardless of the outcome of a race. The main perk of this is that the probability of your entering a red riding hedge is the same as the probability of your turning up in a red hedge, it is after all only a coin toss. For this system to work, however, you need to have a goodrunning total dealer at your approved casino.
How Does the Dewalive System Work?
The basic idea of the Martingale system is that you are to have a run of betting out of your bankroll. Every time you win, you add to your run count, and you decrease your bet size (amounts unaffected by losses) accordingly. When you lose, you deduct your losses from your run count, and your bet sizes remain the same.
This is actually my betting system. I have personally tried this gamblers paradise and it certainly delivers. On the other hand, I have also seen many others lose, but to me, in the long run, it works.
No, the Martingale system is not a get rich quick, and does not guarantee an eventual profit. However, if you are a number of times better than even money, and you go on runs, you can are guaranteed to turn a profit.
The Best Way to Deal with the Martingale System
The Martingale system works with betting, and it can work with advances in technology. It requires that you record every successful bet on your book, and the results of your bets, for just about all systems. You are really just beginning to understand this one, and if you are not producing the required profit, and you start to lose, do not panic. In these situations it can all still be turning a profit.
Kill the Book
In each bet you place, you have a small book, and the balance of your betting bank is your balance. With the Martingale system, you bet this balance on all future events, in the same fashion as you would a horse betting. You are essentially betting on an unknown future event to win and record the results as well. I will leave the details of how to do this to the professionals and allow them to create the systems that will win for you.