Whether you are playing in an actual casino or an online casino, there is one betting
strategy that seems to make sense on the surface but that it is actually not the one you’d want to lose for the long term. I am talking about the Martingale Betting System.
The Martingale System has been used extensively by some players and the main idea here is that players would double down on their bets when they lose in the hopes of getting back the money that they’ve lost previously.
Sure, you can think of it as something that does make sense since you are thinking about somehow recouping your losses by doubling your bets, but because casino games are generally about luck (and some strategy), there is no guarantee that you are going to win in succession. And, you’re going to have to win in succession if you are thinking about getting everything back (and then some).
This is usually the strategy that most novice gamblers would use simply because of the notion and the belief that you could potentially earn everything back and earn a profit.
Why This System is Not Feasible in the Long Run
To help illustrate my point even further, I would like to use the game of blackjack as an example. Keep in mind that almost all of the casino games have a house edge; how much it would be will depend on the game and the rules you are using.
For instance, a standard six-deck blackjack shoe game would typically have a house edge of 0.5% to 1% depending on the casino.
Using the Martingale System is akin to doing a coin flip. What most people tend to do in this regard is to continuously bet on heads or tails in succession. So in this case, most players would typically go for heads 12 times in a row in the hopes of getting back what you’ve potentially lost along the way. This seems to be a perfect and surefire strategy on the surface, right? Let me refute that.
Since luck is always going to be an important factor when it comes to your winnings, how sure are you that you are going to win in succession? Losing all 12 games is possible, so how are you going to win back all of your losses by doubling down on each of your losses?
Although you can potentially win 4 or 5 or even 6 wins from 12 games, that is not something that you’d want to double down on anyway since you are unsure that you are going to win. And, let me remind you that long losing streaks are not at all uncommon in casino games.
When Does This System Make Sense?
Now that you understand why the Martingale System is flawed, this is not to say that this isn’t a sound strategy. It is still quite a good strategy, provided that you do not expect too much from it.