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The Martingale strategy is actually a betting strategy commonly used by professional gamblers.
In fact, this method originated in France as early as the 18th century. There was a couple named Martin and Gale. When Martin made a lot of money each month, Gale would spend it, sometimes even more. The couple realized that if this continued, they would soon go bankrupt. So eventually, Martin and his wife decided that each month, with Martin earning however much money, Gale would save at least one dollar. This gave rise to the Martingale strategy.
The strategy is quite simple: in any bet where you choose one side (e.g., betting on large or small), you always bet on one side (either large or small). Every time you lose, you double the amount you lost until you win one round, at which point you can win back all your previous losses plus the initial bet amount.
The Martingale system, also known as ""doubling up,"" involves doubling the bet after each loss. For example, if you lose the first bet of $100, the second bet is $200. If you lose again, the third bet would be $400, and so on. If you win, you return to the initial bet of $100.
The advantage of this gambling method is that regardless of how many rounds you lose, as soon as you win one round, you can recover one bet. Some claim it to be a foolproof Double or Nothing (DB) technique. However, this DB method comes with high risk and offers a low reward. The biggest risk is that even if you've lost multiple rounds, your profit in the final round is only $100. Let's say you've lost six rounds, and in the seventh round, your bet has increased to $6,400, while you lost $6,300 in the sixth round. If you lose the seventh round, you'll be down $12,700, but if you win, you'll only make $100. This DB method is most susceptible to wiping out your bankroll. Additionally, even if your gambling bankroll is infinite, betting tables have limits, and once your bets reach a certain level, you cannot increase them any further. |
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Post time 21-10-2023 10:50:25