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Even if there isn't a betting limit, and if you have an infinite credit limit, it still doesn't really work, it just doesn't really fail either. If the martingale strategy is continued indefinitely and without regard to betting limits, your bankroll will hit arbitrarily high positive and negative values. The expected value is still negative, but the variation is so high that it your bankroll won't stay either negative or positive. 

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You will either have a positive or negative edge, and waiting for something to happen like a sequence of numbers will not improve your chances of winning. The exception is if the “trigger” is directly related to a sequence of spins caused by physical variables of the wheel and ball. For example, if the trigger was “bet on whatever number that won most in 10,000 spins”, then this is bias analysis. But the “triggers” that have no effect are like “wait for 5 reds in a row then bet black”.
A lot of players like to watch the past few spins and look for a pattern to try to predict the outcome of the next spin. You’ll see people wait until there are a bunch of red spins in a row and then start betting black heavily because they feel it is much more likely to come out. While this can be a fun strategy and make the game more entertaining, it won’t give you a mathematical edge over the casino. Each spin is 100% independent of the last. This means that no matter what was spin before, the next spin will be completely random.
The divisions around the wheel are numbered from 1 to 36 in a seemingly random pattern and alternate red and black. Additionally, there is a green division numbered 0. On American tables only there is a second extra green division marked 00 and it is largely this that makes the American version of Roulette a worse proposition financially than the European game.
As we’ve mentioned several times already, roulette is probably the easiest game in the casino to learn how to play. A roulette table will always consist of a wheel, a small white ball, and a table printed with all of your betting options. You will also have a dealer present live in the casino, or an electronic dealer if you’re playing online. Each game will consist of a round of betting, and then the dealer will spin the wheel, drop in the white ball, and wait to see where it lands. The object of the game is to try to predict with your bets what number the white ball is going to land on. After each spin of the wheel, the game resets completely and starts over with a new round of betting. 

One of the most well-known systems when it comes to betting on roulette is the Martingale strategy. It is a very simple doubling up betting system. For example, if you start off by betting £10 on red and it comes in black, double your next bet to £20 on red. You need to keep on doing this until it lands on a red and this will cover your losses. The only thing to think about before embarking on this strategy is whether you have enough money to lose before that first winning spin.

Assuming that the possible bets are all understood, Roulette is essentially a trivially simple game to play. For each turn, once all bets have been placed using coloured chips to distinguish each player, the croupier halts betting, spins the wheel, and rolls the ball in the opposite direction. When the ball comes to a halt in one of the slots, the croupier announces the result, collects all losing bets and pays out the winner's profits.
Place your bets. The first six bets are placed on the pockets numbered 0 to 36 on the game table. If you want to bet on column, place your bets on the empty pocket under the three columns. For the dozen, choose the pocket P12 for the first 12 numbers, M 12 for the 12 middle numbers and D 12 for the last 12 numbers. Finally, when you want to bet on the outside bets, use the red, black, even, odd, high or low pockets.
On an American wheel, there are 38 spots: numbers 1-36, plus 0 and 00.  Your odds of winning a one-number bet are 37 to 1 (37 ways to lose, 1 way to win).  But if you win, the casino doesn't pay you 37 to 1, they pay you less: 35 to 1.  The difference between the true odds and what they actually pay you is 2/38, or 5.26%.  You can do this same calculation for the other bets, and it comes out the same.
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