Posts tagged Martingale
The Martingale Probability – Is it Good Casino Strategy?
Mar 14th
The Martingale betting system is based on the averaging of a series of random events. This gives it around a fifty fifty chance of it being successful straight away.
There are both positives and negatives to the Martingale betting system.
The positive has to be that so long as you can place the bet then you are always able to get your original stake back with a little interest. This works by you continually doubling your bet for every time you lose. For example if you place a bet of ten pounds, and you lose, your next bet needs to be twenty, then forty and so on. By doing this it constantly gives the gambler the possibility and hope that they will get their money back and a little bit of the houses money to boot!
The negative to this however is that the gambler has to have an infinitive amount of money to be able to guarantee their return. This however is unlikely and usually the gambler becomes bankrupt.
There are ways to increase the probability of winning using the Martingale system. There are obvious factors that will either hinder or help the probability of the gambler’s chances. These probabilities will alter depending on the type of game you play, the amount you chose to bet originally and the total amount you have to bet with.
As was explained earlier, it is very easy to get into high stake betting with the Martingale system, but the lure of always being able to win your money back is a compelling reason for some to continue. There can be no guarantee, but the longer you play the Martingale betting system, the closer you are to actually winning.
As the Martingale system is based on a sequence of random events, there is no definite ways for the gambler to definitely increase their ability to win. But it has been noted on some online gaming sites that certain numbers do tend to come out in close succession.
There is no possibility however of creating an automated system to boost (or cheat depending on your viewpoint) the chances of winning. This prevents all well financed gamblers using the Martingale betting system from being able to predict when or if they will be able to win.
The best way to receive a win with the Martingale system is to play in short blasts. This system does not bode well for high stakes or long games (which are one and the same with this betting system).
It has also been advised that to use this system you are best to not use your own money- obviously this is the ideal way to gamble! The martingale system would be best suited for the money you are awarded when joining the casino rather than your life savings!
To play real online roulette where you battle chance rather than a computer program may I suggest playing Live Roulette online of course if you still want to battle computer algorithms – I suspect you might find this program very useful.
All the best
John
Roulette Winning Strategy – Don’t Use Martingale
Mar 6th
All of us gamblers would love a guaranteed roulette winning strategy and these are spread all over the internet. Often they’ll come in expensive ebooks or reports but just as likely in a simple web page leading to a casino. In my experience in most instance these secret strategies are almost always based on the Martingale system.
The Martingale system was first used by gamblers in 18th Century France and in fact there are many variances. The simplest one though I’m sure you will have come across before. The idea is best explained by a toss of the coin – you bet on heads initially and if you lose you continue to back ‘heads’ but double your stake each time. This in theory would eventually lead to a win and a recover of all the previous stakes. In practice it usually leads to very large losses as the stake exponentially rises.
The Martingale system is actually loosely based on a mathematical misunderstanding called the “Gamblers Fallacy” which basically concludes that past variations can affect future results. Or in English if heads has come up 10 times in a row – the next toss is more likely to come up tails – of course this is not true as the previous ten results have no bearing on the next toss at all. Even if the ball on a casino wheel landed in red 100 times – the odds are still 50/50 (minus the 0 or house edge) on the next spin.
Even if you believe in the martingale system or some of it’s strange variants – it would be difficult to apply nowadays as even if you could afford it most casinos have limits on each bet which would prevent it. Most casinos have never actively deterred using Martingale though simply because they don’t lose by it. Each roulette winning strategy should be studied in the cold light of statistics before you spend any money on it.
Of course statistics can only really be applied to the above situations where an event is truly random – the spin of a roulette wheel has so many outside factors affecting it that it extremely close to being completely random. An online roulette wheel is a different matter though as the spin is controlled by a computer.
Computers have always had a problem generating random numbers purely because they are programmed and so are always following deterministic code. All online casinos are run via computer algorithms and therefore are only as random as the underlying software.
I have been recently testing a computer program which predicts the most likely winning bets on online roulette. It’s looking like developing in to a rather useful roulette winning strategy or at the minimum an extra income for me.
If you are interested in makine some money from online roulette it may be worth check out here. Read about it here – Roulette Killer
All the best
John
The Martingale System Explained
Dec 4th
It is unclear exactly when the Martingale betting system was first created, but most experts agree it was sometime during the 18th century in France. The origin of the name itself is widely debated. There is no evidence of a Monsieur Martingale having ever actually existed.
The Basics
If you gamble regularly, or even just occasionally, you may already employ the Martingale system and not even realize it. The concept of the strategy is actually quite simple. First, you choose a fixed amount to bet, usually a rather small one. For the sake of this explanation, we’ll say you are playing a simple game of heads or tails with a coin and betting $5 that the coin toss will come up heads. In this scenario, a winning bet pays 1:1, which means for every dollar you bet, you stand to gain another dollar on top of it. If the coin toss does indeed result in heads coming up, you would collect the $5 you won and then maintain your original bet of $5 for the next coin flip. You would continue doing this until you experience a loss. As soon as you lose a $5 bet, you would immediately double that $5 and bet $10 on the next coin toss. If you win, you have recovered your previous loss plus you have won your original bet, which is another $5. However, if you lose that $10 bet, you will need to double your bet once again and bet $20, and so on and so forth. Eventually, assuming you have the funds to cover the exponential bets, you will win and therefore recover all of your past bets, plus that original $5 you began with.
The problems
Of course, if it was that easy, we’d all be striking it rich at the roulette table. There are certain inherent flaws of the Martingale system that should not be overlooked.
Many gamblers believe that the rising popularity of the Martingale system in Europe is what actually prompted the casino owners to implement table limits. This way, the Martingale gambler would likely eventually hit a ceiling where he or she could no longer double their bets, rendering the system ineffective.
Another obvious problem is that for the strategy to be completely foolproof, one would have to have an unlimited bankroll. Exponential bets can get out of hand rather quickly. Even if you’re only betting $5 at first, after your 8th consecutive loss you’ll be betting a whopping $1,280, and even if you win you’ll merely be recovering your losses and only profiting $5. Although on paper it makes sense, to an extent, for most people it would take nerves of steel to bet $1,280 to win $5, especially with 50/50 odds (at best).
Yet Another Problem: Casino Odds
You might be able to challenge your nephew to a game of heads or tails, but inside a real casino you’re not going to find anything with such even odds. In the casino, the house always has the edge. Popular games like Blackjack and Roulette are favorites among Martingale betters because the strategy is very conducive to the game. However, it isn’t quite that perfect.
With blackjack, regular bets are paid 1:1. In theory you could use the Martingale system at the blackjack table by doubling your bet with each consecutive loss of a hand of blackjack. The reason this system will eventually and inevitably fail with blackjack in particular is because of the house edge. You may think that since it is just you against the dealer, then the odds are even. You may even think you have an advantage since you can see one of the dealers cards and the dealer has to hit at a certain point where you don’t. What many people don’t take into account, however, is that the house edge actually stems from the fact that once the cards are dealt, the player has to make the next move. The opportunity to knock yourself out of the game by busting is what actually gives the house the advantage, and over time of course they will always win.
Roulette is a different story. There is no real strategy involved since it’s entirely a game of chance. You make a wager that a certain number or a number within a certain section of the board will come up, and if it does, you win. Fairly simple. The most popular bets on the roulette table for the Martingale better are usually the red/black or odd/even bets. The problem here lies within the fact that the roulette wheel does not contain only red/black or odd/even pockets. There is also the green zero, and on American roulette wheels, the green double zero. Although mathematicians may argue that zero is actually an even number, the casino owners will disagree. Unfortunately that’s an argument you can’t win. What the addition of these additional pockets means is that the house gains an edge. If it weren’t for the existence of these “wildcard” pockets, a roulette player could bet on red or black (or odd or even) all night and have the exact same odds as the casino. The existence of the single and double zero on the roulette wheel along with the other problems mentioned above render the Martingale system flawed, in the grand scheme of things.
For more info on the Martingale system, particularly pertaining to the game of roulette, check out Shop Roulette. You can also browse new and pre-owned professional as well as recreational roulette equipment and other various roulette strategy guides.
What Makes Martingale System a High Risk Roulette Strategy?
Sep 6th
If you are an avid gambler or a fan of casino systems in general, you have probably heard about the Martingale System. Survey results found that it is one of the mostly used casino betting strategies. Martingale system had been invented to beat the casino games in general, but it is widely used as the core strategy for many Roulette systems. But, if you are new to Roulette strategies, you are advised to avoid playing with Martingale system because it has been proven to be a high risk Roulette strategy that can make you broke. What makes it a high risk strategy?
Don’t be surprised if I tell you that most new Roulette players are using Martingale system to beat the wheel. In fact, it is the first Roulette system for many gamblers. Some lucky gamblers manage to switch to other Roulette strategy once they found the system doesn’t work in the reality, but there are unlucky players who are heavily in debt because they never give-up and keep trying to use the system to beat the wheel.
The key reason that makes Martingale system one of the most famous roulette strategies lies in its pure simplicity. Theoretically it works flawlessly at any bet that involves 50/50 chance of winning. Theoretically, it is a foolproof system that guarantees you will win eventually, not matter how much you have loss, you will always exit the game with winning. The paradigm of the Martingale system is: if you place a bet and win, pocket your winning, but if your bet loses, make a new bet that is double the original bet until you win, you will recoup your original loss plus a winning. For example, you bet $5 on Red at Roulette, if you win, you will get back $10 ($5 of original bet plus $5 of winning). If you lose, then you have to double your bet, it becomes $10, if you keep losing because the outcomes turn out to be BLACK, the following bets will be $20, $40, $80, $160; let’s say you win at the bet of $160 when the outcome turns out to be RED, you will get $320; but after deducting the previous losses and the original bet, you will win $5. This is how the Martingale system works as you will definitely recover your losses plus a winning that is equaled to the initial betting amount provided you have huge amount of money that can be used to keep doubling up the betting amount until you hit a win.
Keep in mind that casinos will never let Martingale system to work flawlessly. They have done something to break it so that casinos can prevent from facing huge losses if players implement Martingale strategy. Every table at casino has a maximum limit, which is the blocker that stops Martingale system from function flawlessly. Even though the player is a billionaire who has big money to double up his bet, he will never have the chance to do it once his bet hits the table limit.
As you can see in the example given above, every time you lose a bet, you have to double up your wager on the next turn. Let’s say you have hit a long losing streak of 7 times, with the initial bet of $5, the 8th wager amount will be $640. If you lose again, then you have to place $1280 at the 9th turn. Could you see that you are risking over thousand of dollars just to win a $5. Moreover, if you have kept a record of Roulette results, you will find that a consecutive red, black, big, small and odd or even for more than 10 times are so common. Most often, a $5 roulette table will have a maximum table limit of $3,000 at a land-based casino and $300 at online casino. Therefore, you have very little chance to win with Martingale system. At any time, when you go one a long losing streak, you run a serious risk of going broke.
Summary
Players may see nice gains by playing Roulette with Martingale system over the short-term. However, you can quickly run into a risk of losing big amount of money when you hit a dreaded losing streak. Therefore, Martingale system is a high risk Roulette strategy, which you should avoid using it.
Wayne Piccot found a Roulette Betting Strategy that works best for him and help him win at wheel. The system doesn’t use Martingale Strategy; instead it increases the odd of winning and increases your winning opportunity on every bet. Read the review about the Roulette Betting Strategy at http://www.onlinecasinos-review.com.
Martingale – A Roulette Strategy (With Optimization)
Aug 9th
I like to think of this as a light hearted article, not to be taken too seriously, the casino will, on average beat you, but everyone likes a challenge, and this may be a strategy that suits you.
Roulette is designed so the casino “house” will win, Always (but on average). Some people will win when playing roulette, but on average, the people loose, the casino wins. Especially when it comes to computer roulette, which I personally avoid like the plague. There are a few ways to actually win at roulette, and I mean win..! not some strategy like the one I’m about to explain which will have potential short term gain, but real proven methods. I might discuss them in the future!
Back to this article. As you may or not know, when playing roulette, you bet on the outcome of the ball rolling on segments of a disc, you can bet even or odd, black or red, high or low, and many other bets. If you bet on the ones i mentioned, you will double you money, however, if you loose, you loose that money you bet! Sound fair? Well it would be, except for the fact that 0 exists. And sometimes even 00 exists, 0 and 00 are neither red nor black, nor odd nor even nor high nor low. So those segments on the disc are rather undesirable! Well now that that brief intro into roulette is over, here is the martingale method, followed by optimization for the martingale method.
Here is a simple example to start off with.
You enter a casino with 100 dollars. Choose one of the 6 bets i have mentioned (red/black/high/low etc.) Lets say you chose red. Bet 1 dollar on red.
If you win, change color (to black) and start again, if you loose, double your bet on the same color.
How it might play out:
1$ on red. You win. Bet 1$ on black. You loose. Bet 2$ on black. You loose. Bet 4$ on black you win.
In case you don’t see the reasoning behind this method, I’ll explain. Every time you win, you essentially get back one dollar. That’s it. If you have a loose, loose, loose, win (doubling up each bet in the process) after those 4 bets, in total, you win 1 dollar.
Still lost?
Say you have 7$ in your pocket, take it out and bet 1$ on red. You loose, bet 2$ on red, loose again(you have bet 3 $ in total now) double your bet as usual, bet 4$on red(7$ bet in total now) you win. You get back 8$, so in total you won just 1$. so if you have a huge loosing streak, and one win at the end, in all you just won 1$. Now bear in mind you can change your 1$ bet to a 10cent bet, or whatever the minimum bet is. Also, you don’t have to bet on colours, you can use any of: red / black / high / low /odd even.
But there are two ways in which this system will help you loose all your money.
1) You don’t have infinite money. No one does. And eventually (and inevitably if you play for long enough) you will have a huge loosing streak, and you’ll have to bet a hell of a lot of money to win back your initial 1$bet(1$is the example I’m sticking with here) Think about it. Its common enough to have 6 or 7 or 8 looses in a row, that means to win your 1$ you’ll have to bet 128$, loose again, your gonna have to bet 256$.. 512$.. 1,024$… 2,048$…!!!! It builds up faster and more frequently than you might imagine
2The maximum bet. This will cause havoc with the system.
You can be lucky like me and have limited luck, and stop when your ahead which i managed to do, but I know that’s one of the hardest things to do.
Optimization techniques (Gambler’s fallacy)
Well technically it is not optimization. It has no real effect, but it really feels like it does or should. Say you get 200 blacks in a row. You think okay, the chances of me getting a red are really high now..! Actually this is false, and it is given the name “Gambler’s fallacy”. The human mind will think the expectancy of a red is high but the probability does not change. You have the same chance of getting a red as a black. It never changes, Ever.
But if you believe in this false effect you could play the martingale strategy more “wisely”, as in hang around a roulette table, and keep track of the results. If you notice there is a streak of the same color in a row, then bet on the alternate color.
In summary, roulette is fun but not when you loose, which will happen at some stage, so bear that in mind. And don’t forget, gambling is a sin! Thanks for reading folks!
If you want more advice like this, visit QuietZorg Blog