CASINO: THE MARTINGALE BETTING SYSTEM AT VIDEO POKER
Dating back to the eighteenth century, the Martingale betting system is one of the most frequently applied to poker casino games such as the Roulette. It succeeds its name by an English casino owner, Henry Martingale, who is known for encouraging the losing guys to double it up with their wagers. The Martingale betting system is based on a negative progression. What does it mean, you ask? Let me explain a bit further.
THE PRINCIPLE
The system is based on quite a simple principle or a methodology as some would like to consider it; the player uses a betting series where each bet in the series is twice as large as the one before it for example, 1,2,4,8 and so on. As long as you keep winning the bet, you will keep betting at the lowest wager that in this case is 1. In the case of losing the bets, you will move on to the next wager thereby doubling the amount of the preceding one. The Martingale betting system guarantees that whenever your wager will eventually win, you will ultimately win the amount of the original wager (which again in this case is 1). The simplicity of the underlying principle of this system is what makes it one of the most common betting systems ever in the gambling world. Although it works best on the bets that have a near fifty-fifty chance of winning or losing, it can be applied to any game of chance.
THE MECHANISM BEHIND MARTINGALE SYSTEM
By doubling your bet, or tripling or quadrupling or more, after every loss, you make sure that you will redeem all your collective losses when you eventually and ultimately do win. Not only that but by this procedure you will also win a profit equal to your original bet. This system keeps your wagers as low as possible by making the player return to his original bet after every win thereby limiting his investment or deposits made in the game. To speed things up a bit, the player can also start to triple their bets after each loss instead of just doubling it. This will increase the winning rewards. However it does increase the risks exponentially.
A COIN HAS TWO SIDES, SIMILARLY...
While the Martingale betting strategy sounds flawless and very appealing to even the rarest of gamblers lurking in the casino, it is not one of the steadiest roads to fast, painless and easy money. Consider consulting those who use this strategy or have used this strategy in the past to understand that the players of this strategy are endangered to unlikely yet high value risks for a small or little reward. The system practices the mathematical concepts of Statistics and Probability and puts them into motion; the player has the increasingly higher chance of winning a lot of small rewards while a decreased risk of losing a lot of money. Or in other words, if the player keeps on playing with the Martingale strategy for a really long time, it is possible that he will inevitably hit a losing streak that will max out all of his collective small pay outs or rewards entirely. According to the mathematical concepts of probability, there is a 0.1 percent risk of losing a fifty-fifty bet more than nine times in a row so if a player adopts this system for over one thousand bets he is doomed to see this situation at least once translating into a huge loss for the player in the entire game. Another drawback when using this strategy with slots or video poker is that there are minimum and maximum bets which are not accommodated well with the Martingale strategy because the players are likely to hit the maximum bet at some point during the game.
THE MARTINGALE BETTING SYSTEM AND BONUSES
Although the Martingale betting strategy works compatibly smooth when wagering with non-withdrawing bonuses, it is not rare a sight or unusual to observe conditions where a player can invest say a hundred bucks and get as much as just four or five hundred bucks in non-withdrawing money that one can wager with. There are many casino games where there is a fixed amount or particular win rates from such deposits that can cut down or greatly reduce the benefits of playing video poker or the slot machine because the opportunity of fully benefiting from your winnings is short and difficult to exploit fully. Instead of playing full Martingale betting system, it is much better to initiate with small sized bets of video poker or whichever casino game you choose to play. That way you lose some of the money while increasing the bets without further deposition till you either finish your entire deposit or make a profit.
AN INVERSE SYSTEM
What if I tell you there is an alternate strategy that is so different, it is completely opposite? There is such a strategy known as the Anti-Martingale strategy. This is a system that is used by player sometimes unconsciously and many times purposely. Players take advantage of the positive fluctuations in the odds by increasing their bets only when they are winning and making the minimum bet only when they are losing. However, if the player keeps on doubling his bets as he wins, then eventually he will lose and when he does so, he will lose everything he had won in the game as well as any small bets made between the wins. So even though, this system seems completely opposite, because you bet more only when you make a profit, the final outcome is the same as the Martingale betting system.
A WORD OF CAUTION TO THE TALE
Even though the Martingale betting system provides the player the higher chances of winning lots of small amounts, it also has a low risk for the player to lose a large amount of money, thereby ensuring the player does not suffer large losses. Therefore this system is benefiting and recommended to the players for a short term in a game. As a player of casino gambling games, be fully aware that you cannot avoid to eventually losing a sum of money so large that you might either go bust or hit the table limit making yourself unable and ineligible to continue the game any further.
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