Please Note: The Martingale is much like the iceberg that sunk the Titanic. The loss of six to eight hands in a row seems like a real longshot; but the fact is that anyone who has played roulette has seen streaks of red or black, odd or even, or high or low coming up with such frequency many times. Casinos put a cap on how much a person can bet so that such relatively short streaks can sink the Martingale player.
Payouts for this can be surprisingly rewarding if you’re willing to risk more money on each bet. Take Ashley Revell – he once bet $136,000 on a single spin of the Roulette wheel. If throwing down that sum of money on a single bet doesn’t sound impressive or at least make you sweat a little, know that the sum was the entirety of Revell’s life savings and the entire event was televised. So if Revell won, he’d double his money and evoke envy and admiration from his spectators; if he lost, he’d lose everything and earn deserved pity.
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.
You’ll also see how the patterns of wins and losses tend to be different between the “inside” bets and the “outside proposition” bets. These betting choices will mean different amounts of session stakes despite the fact that the house has the same edge on both types of bets. Money management when you have the edge is different than managing money when you don’t have the edge. It tends to be the reverse. The more you play, the better the chance you will be ahead. But you must have enough money to do this.
But don’t get too comfortable here. If the $20 bet loses, the player will double that to $40. If that loses he goes up to $80. If that loses, he goes up to $160. If that loses, he puts up $320. If that loses he goes to $640. If that loses, he might be allowed to go to $1280 but many casinos limit the maximum a player can wager. That $1280 might be too much.
Dating back hundreds of years, roulette is one of the oldest gambling games. While the game is based on chance, strict probabilities are at the core of the game's spinning wheel. There are ways of playing the game wisely and minimizing your losses, but the game is structured to give the house an edge. With that in mind, be cautious about strategies that make unrealistic guarantees. Remember to gamble responsibly, if you're making wagers, and have fun trying your luck on the wheel!