The Martingale System Explained
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. Martingale was initially used to raise money for the local lottery, but the name was soon applied to any type of complicated betting strategy, most often used in the luxury casinos of Monaco and Monte Carlo.
The Basics of the Martingale System
The principle behind this strategy is to bet on an even odds bet, for example you could bet on red or black, odd or even, or high or low. If you bet on the same colour for say eight times, you will statistically win far more than you will lose and after around six spins, you’ll have won around 8 units for each spin of the wheel. However if you bet on the same number eight times, around four units, you could lose around 16 units, even though you have bet on the same number only once.
The problem with this particular Bolagila system is that you would need a large bankroll to begin using it, and so are not recommended to players who have small betting banks. Because you lose your bankroll eventually, you must apply the system over a long period of time in order to make any significant profit.
A Different Result If You Bet On Each Number
If you bet on each number, say red or black for instance, you could win even if you lose every time. As you know there is a yet a difference in the probability of the red and black numbers’ coming up, so if you bet on the same number for around 16 spins, you will statistically have to win around 16 units to make a profit, but as you bet on the other colour, around eight to ten units, you will have to win around 8 units to make a profit.
- Around Twenty Wins
If you bet on each number for around twenty times, around 20 spins, you should be able to win around 20 units. Of course this figure is around 30%, not the 8 to 10 units mentioned above. Even if you had that sort of figures you still have to be wary of placing too much of your stake on a single number as they can wipe out your entire bankroll and you can find yourself losing all together.
- Around 8 Wins
If you bet around 8 times, around 20 spins, you will normally be ahead and should be able to earn around 12 units of profit. Of course it is around that mark that you should place your entire stake and no further betting is advisable.
- Around 6 Wins
If you bet around 6 times, around 24 spins, you will normally be ahead and will therefore make around 6 units profit. Take note that you would not be able to bet on the same number for around 10 spins before you win, so don’t worry too much about that.
- Around 4 Wins
If you bet around 4 times, around 12 spins, you will normally be ahead and will therefore make around 4 units of profit. Again, don’t be putting too much on any one number as you will just break your bankroll and this system is best used in between 3-5 spins of the wheel, so you can bet on different numbers and still make a profit.
- Around 2 Wins
If you bet around 2 times, around 24 spins, you will normally be ahead and will therefore make around 2 units of profit. Again, if you bet on the same number again that you might have won with 10 spins before, you will only win around 8 spins before you bet again, so don’t bet too high.
- Around Even Money Wins
If you bet around Even Money, around 16 spins, you will normally be ahead and will therefore make around Even Money. This figure can be different if you have a higher bank roll as some even money bets carry a higher risk, however if you are running a tight bank roll, this system will help you to earn around Even Money and nothing else.