The Martingale system

One of a roulette betting strategy typically used is called the Martingale system. This system can also be used on continuous bets of equivalent probability. Now, we’ll explain playing the roulette split bets using the Martingale System.

Doubling your bets with each red for the next spin is the basic essence of Martingale betting. Put $4 on red if you lose again. Stop this doubling of bets until you haven win. With regards to the above bets, if you had won on the third spin when you bet $4. Overall you won $4 and have lost $3 ($1 on the first spin and $2 on the second spin). In the end u still have a profit of $1.

The best part of the Martingale System is that you can still profit from it even after you have lost more than 50% of the time. With the example shown above, we had lost 2 out of 3 spins. We would have loss $1 instead of a $1 profit if we had made three $1 bets instead of using the Martingale System. This playing that is against the house's edge is calculated based on the repeats of the same amount of bets.

There is danger when you run into freak streaks rather than in the long run probability of the split bets. Over many spins a wheel can go black red black red all the way with neither color coming twice in a row. Hence, the Martingale system would work optimally.

But there is also a possibility that the first 50 spins are all black and the following 50 are all red. You will come out with a profit even with this freak show if you had an infinite bankroll. But the truth is that we do not have an infinite bankroll and at some time later will reach the casino’s betting cap. Both these factors are against the Martingale strategy. Over the long run, both spin histories will be in line with black/red coming up about 50/50. But in the Martingale System would have several problems if it is like the latter example. Neither of the examples shown is likely and there will be something in between.

The Martingale System is well-known and really works because the probability seeing a streak will decrease as the size of the streak increases. The probability of seeing black twice in a row is approximately 1 in 4 (0.5*0.5) and the probability of seeing black thrice in a row is approximately 1 in 8 (0.5*0.5*0.5) and the probability of seeing black six times in a row is approximately 1 in 64 (0.5*0.5*0.5*0.5*0.5*0.5). Hence, if red is on a streak and you had been betting on black, the odds of the streak of reds will keep falling with every spin.

As every seasoned gambler knows, there will surely be times when you are very unlucky and haven many bad runs when u can do nothing about it. You must still be cautious when using the Martingale system, do not be overconfident. Regardless, the Martingale system can greatly increase your chance of success when compared to just placing your bets randomly.