The Martingale

One infamous betting strategy is what is called the Martingale. To briefly describe this, it entails doubling your bet after each losing bet so that your next bet will "make up" for all the lost bets up to this and your profit is your initial bet.

For example, if you bet $1 and lose, you can make your next bet $2 so that if you win then you're still a $1 in the profit. If you bet $1, lose, double this bet to $2 and still lose, your next bet would be $4. If you win this bet, then you win the $4, but have only lose the total of $1 + $2 = $3. So your $1 in the profit margin.














1) The problem with the Martingale systems is that after a run of losses, the bet size begins to get enormous. This system will work with certainty if the trader has a large amount of capital and time.
2) If you have an infinite amount of money, eventually you will win.

3) For those of us without Li family’s size bank roll, you can be bankrupted before being rescued by a winning bet.

4) This system can only be recommended by those with unlimited wealth and time.

5) For the rest of us, Martingale systems are a way to financial disaster. Or simply try your luck and leave if you win!!!