THE GRANDADDY OF THEM ALL: THE MARTINGALE

There is one system that every new player “invents” after he’s played a while, but the system is older than you are. (Hell, it’s even older than your grandparents.) It’s the Martingale, or as others have called it, the double-up method. The premise is simple: You merely double your bet after every loss, with the understanding that you can’t keep losing forever. And when you finally win, you make up for all the losses so far. Sounds pretty good - in theory. When you actually have to put your cold hard cash out there, it’s a totally different story.

For example, suppose you’re going to bet red at the $1 roulette table. You lose the first spin, so you bet $2 on the next spin. You lose that one too, so

manage to win, and now you’ve recovered all of your losses, plus you’re up a buck. Woohoo! You’ve just found the keys to the mint!
But not so fast. I’ve seen red miss 15 times in a row, and I’ve seen blackjack players lose more than ten hands in a row. What do your bets look like then?

Now you’ve lost only ten decisions in a row but more than $2,000 … all for a measly buck! Stop and think about it: Do you have the cojones to actually place a bet for $500 in the hopes of winning just $1?

More importantly, the casinos are wise to your tricks. Every table has betting limits that prevent you from continuing your progression much past 8. If it’s a $1 minimum table, the maximum will probably be about $200, and there’s no way it’s going to be more than $500, much less $1,000.

If you think you can’t lose more than a few hands in a row, think again. Sure, you may enjoy a few small wins. But eventually you’ll hit a losing streak that will wipe out all of your profits.

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