# The Martingale Betting System

The Martingale is quite possibly the very first wagering system known to man. Since it's inception, many a day's wages have been doubled and even tripled, before being lost. That's the end game of every wagering system used on games of chance where the casino retains an edge. Sometimes you win, sometimes you lose, but in the long run, your money will flow to the casino at whatever rate of house percentage you are playing against!

The Martingale system is simple to use. You make a bet and if you lose, you double your wager. If you lose again you double your wager again. You keep doing this until you win and then go back to your original bet. Remember, this is a betting system, not a money management system.

Let’s assume you are playing on a five-dollar minimum table with a maximum bet of \$500. If you bet using the martingale where you double after every loss the progression would look like this:

You bet \$5 and you lose, so:

Your next bet is \$10. If you lose:
Your next bet is \$20. If you lose:
Your next bet is \$40. If you lose:
Your next bet is \$80. If you lose:
Your next bet is \$160. If you lose:
Your next bet is \$320. If you lose:
Your next bet is \$640, getting the picture?

At most casinos, a \$5 minimum table has at most a \$500 maximum bet allowance, so It would only take eight losses to exceed the table maximum bet. Even if you could exceed the \$500 maximum bet, on the eighth bet you are risking \$640 to win \$5. You have already invested \$635 for your previous seven bets.

Some people who try the Martingale system have initial success with it. They'll win consistently for many sessions and swear the system is fool proof, but sooner or later reality will kick in and they'll get proof of who the fool is.

One of the most popular bets for players using this system is to bet black or red at roulette. Now anything can happen in a casino, including streaks that last longer than you would ever think were possible. At roulette, the standard North American wheel has zero and double zero pockets, so to start with you are bucking 18-20 odds of picking the right color. That gives the house an edge of 5.26 percent. And, it means a streak of non-winning spins is more likely than a streak of wins.