Having done a lot of research and read a lot of articles on the Martingale method, I have decided to pop a post up on the method. This post is not one of those articles on complex mathematics, calculation of odds and probability, its about experience.
I play the Martingale. I am VERY disciplined.I have learned the hard way.
I have only ever played Roulette using the Martingale. Why? because I understand the game and the odds. I play Martingale method on odds of 2:1. This said whenever you are playing the outside in Roulette, you must always remember that regardless of what anyone tells you because of the zero, the odds remain stacked against you.
So how do I win?
Its simple, Its slow progression and I'm not greedy. When you play the Martingale method, you play the outside adn bet 2:1, therefore if you bet $1 and win, you are paid out three.
There are three divisions of the numbers on the table, if you bet on two of the divisions, the odds are slightly under (remember the zero) 66% that one of the two bets will come up. Having bet two dollars and winning on one of the numbers will pay out three meaning that you lose $1, you keep $1 and you win $2, so you're $1 up.
The problem comes when the wheel repeatedly comes up with numbers in the third division. Here the first catch. THEORETICALLY, you should not have a run of more than seven spins that go against you. So to begin the game you need to have enough money to double up your bet SEVEN times. When you play the small $0.50 tables as I do , that equals around $128. You have to double up and keep doubling up until you win all the money back. So you play $1 and you lose. You then bet $2, If you the lose, you bet $4, if you then lose again, you bet $8 and so on.
I have only ever ONCE had seven spins against me AND that was when I got greedy and played beyond my $10 dollar quota for that day.
It is agreed across the industry that the Martingale CAN work, but only for short runs and smaller amounts. It also only works effectively online. Do NOT try it in Vegas.
The second catch is that each table has its limits. So you will find yourself in a situation where you want to double up say from $32 to $64, but the table has an upper limit of $50. This places the casinos at MORE of an advantage, so I recommend you move to a table with higher limits once you have established your $130 pool.
But only $10 a day you say? Well yes AND no. I play $10 a day per online casino. I never play more than $50 a day, over five online casinos. Gambling can become compulsive, even to the most disciplined of people and I have seen it destroy lives. If you reach the the seventh loss in a row, can you really, stop the urge to try and win, just that one more time? It is very hard and I have discipline mechanisms in place, but do you?
There are also online Casinos that do cheat, so when you sign up, be sure to follow the guidelines of your fellow gamblers and sign up with the legit guys. The William Hill Casinos and most other UK based casinos are heavily regulated so you can usually go with them.
As usual, I have a list of banners below linking to the casinos that I use and trust.
These online Casinos use Algorithms, I am convinced that they have algorithms that pick up on and predict your betting habits so I stick by my argument of not playing more once you have won your $10 for the day. My next post will include a YouTube video of the Martingale Method.
I must emphasise I use this as a financial backup, not my reliable source of income. So I make about $1500 a month from it. I never allow more than two hours a day to make my $50, and thats unusually long.
For those of you, who are wondering. I started off with $20. I then built up my pool to $130. Now I keep a pool of $130 and use the balance to play on or withdraw. If you have $130 to start with, I recommend that is where you start.
