How does the Martingale Strategy work?
Martingale describes a gambling strategy that looks back on a long tradition. It was actually used in the 18th century for the game of Faro, though it became most famous in association with roulette. The goal of the strategy: Not only will you quickly recoup any losses – better still: The system promises a reliable profit at the end of the process. The classic variant of the Martingale Strategy, which we look at within the scope of this article, is called “doubling”. The simple fundamental idea behind it: If you lose the bet, you keep doubling your stakes until you finally win. At that point, you begin the whole process again, starting out with your basic wager. For our concrete example, let us stay in the world of gambling to begin with: Let us assume you bet €1 on “black” in roulette. The rules are clear! If black wins, the bank will give you twice that amount back – if black loses, your bet is lost as well. Assuming the result is “red” and you lose, the Martingale Strategy now requires you to bet €2 the next time. If you lose again, your next bets will be €4, €8 etc. The positive underlying thought behind the Martingale Strategy: In the event you win, it is irrelevant how many rounds of betting you lost previously since your one-time winnings, by having progressively increased your stakes, will more than compensate for your previous losses and put the money right back in your pocket!