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The Martingale:
This is the oldest and most famous of all progressive betting schemes. It
works as follows:
- The gambler places an initial bet amount
- If the bet is won, the gambler bets the same amount
- If the gambler loses, the bet is doubled.
Example:
| Bet Amount |
Win/Loss |
Total Profit |
| $5 |
Win |
$5 |
| $5 |
Win |
$10 |
| $5 |
Loss |
$5 |
| $10 |
Loss |
-$5 |
| $20 |
Win |
$15 |
The risk in using this system is that you will lose enough times in a row
that you either can't afford to double your bet or doubling your bet would cause
you to go over the maximum bet limit. The martingale works great though when
your chances of losing more than a few times in a row are minimal.
The Reverse Martingale:
As the name suggests, the Reverse Martingale is the exact opposite of the
regular Martingale. Instead of doubling your bet on a loss, you double it every
time you win. If you lose, you start over again with the original bet. Obviously
you must set ahead of time some point which you'll stop doubling your wins... a
maximum of 3-4 times is recommended. With this system you'll have many small
losses, but when you DO win, you'll win big. | |
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