Since it has become a well-known system, the main question here is not what it is but whether or not you should use it.
You see, for quite some time, players really want to win a lot of games. Sure, there are people that go to casinos just to have fun and spend the night playing their favorite games, but there is some whose sole mission is to win it big and win often.
Today, I am going to tell you things that you need to know about the Martingale System so that you can decide for yourself if you are going to use it or not.
How Does the Martingale System Work?
The Martingale System was originally created solely for use in games that only have two possible outcomes. A great example of this would be flipping a coin and doubling your stake each time you win.
Since there are only two possible outcomes, this means that you have a flat 50% chance of winning each time you flip the coin. It is also for that reason that, in time, you will win a game regardless if you rack up your losses and quite possibly, you are going to recoup the money that you’ve lost.
Say that you’ve flipped a coin for a $1 and you lost, you go on ahead and flip the second time by doubling your stake. So, the 2nd spin is $2 and the next one $4 and the next $8, and so on. You sum it all up and you will have lost $15 in total.
The next time you spin, you win the entire game by betting $16. Not only will you have recouped all of the money you’ve spent, but you will also have one dollar extra from your winnings.
Is This System Profitable?
Well, even though there is a huge chance that you will win, keep in mind that there is also an equal chance for you to lose. And, with the nature of gambling, it is no surprise that you could end up experiencing a losing streak when you gamble.
Keep in mind that every time you play the game, you raise the stakes higher and higher. It may come to a point where the money that you are required to bet might be quite high and not a lot of people are going to be comfortable following this particular system.
To answer this question, yes, it can be profitable, provided that you are lucky enough to win a couple of games each time you play.
How Do You Mitigate the Risk?
The Martingale System should be developed along with your betting strategy. Therefore, since you already know how gambling works, you have to expect the worst-case scenario and put safety nets in place to mitigate the losses.