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A Fair Criticism of the Martingale Casino Betting Strategy

The Martingale casino betting strategy operates on the principle of negative progressive betting strategy wherein a casino player keeps doubling his bet for every game he loses. We analyze how this strategy works with a limit wheel and a no limit wheel. The reason I mention only the wheel is because the Martingale System is limited to Roulette specific application. And more often than not people want to restrict employing the Martingale betting system to en prison roulette. In en prison roulette the players gamble only in two ways. They either bet on the red or on the black pockets which enhance their probability of winning to 0.5.

Let us consider a roulette wheel which allows a minimum wager is $1 and the limit is $100. So a player gets to double only seven times before he has to chicken out because the limit for that roulette wheel will be crossed. Now the thing is that we anticipate that we will win one of those seven spins of the wheel. But what happens if you don’t is you end up losing nearly a hundred dollars whereas your initial bet was only $1.

Now let us consider a scenario where the player is slightly better placed. If in the above scenario, there were no limits then the player wouldn’t have had to stop at just seven wagers, instead he could have played on and kept doubling his wager till he actually scores a win. Let us hypothecate that the player wins on the twelfth spin of the roulette wheel. In that case the player does not yet know if he will win on that spin and is risking over two thousand dollars just in hope of winning the jackpot whereas his initial wager was only $1. Now even if he wins on that twelfth spin, the payout on the en prison roulette game is a 1:1. So at the end the player will not be able to win back all his wagers which sum up to $1+$2+$4+$8+$16+$32+$64+$128+$256+$512+$1024+$2048.

Effectively, the Martingale Casino Betting Strategy is horrendously flawed in its conjectures.