Martingale: fake tactic

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Martingale is the very popular gambling strategy, a lot of people use it and... lose. The single rule states: increase your stake until you win. Devil says its impossible that you can lose all the time. Right, but you do not need to lose all the time, just until you run out of money. Math tells us it will be soon.
Many of you played roulette. Lets stake $1.00 on the "black". If lose then next time we stake $2.00 on "black". No luck again? Then next step is $4.00. The probability to win is always 1/2. Actually less than 1/2 because casino gets 1/37. The probability to lose ten times in a row is 1/1024. Sounds like almost impossible? No, its just couple hours of interesting game.
So we want to win $1.00. First stake is $1.00. But unfortunatelly we lost ten times in a row. So next stake is $1,024.00. To win $1.00 we have to stake more than one thousand! Ready to bet? Chances to win? Still the same: 1/2.
Every time you increase stake you just increase the risk. Risk to lose all your money. "Double stake" rule can quickly get the game out of your control. We strongly do not recommend to use this tactic.

Category: Gambling Strategy

Comments

jmsc, 2016-04-29:

actually increasing your stake can be good strategy. A friend of mine is using Martingale with success. But yeah I wouldn't recommend for a novice better


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