If you are like many avid gamblers there is probably a good chance that you have tried your hand at an online casino or two. Heck, there are now a number of land-based gamblers that have transitioned to the online world without hopes of ever going back.
This is because online play is not only more competitive, but it offers more lucrative opportunities. Just look at the number of players that are now making livings gambling online. All that aside, if you are going to be one of these individuals, you are going to need the right strategies. Strategies that actually work.
Of course, the success of each strategy is going to vary from individual to individual as well as the overall earnings, but in order to fully take advantage of each strategy, you need to understanding both the good and the bad of that strategy. Below, that is exactly what you are going to learn about the Martingale System.
What Is The Martingale Betting System
Just for those of you that are new to the system, you only need to understand a few things. First, you need to understand that this was a system that was specifically designed to increase your short-term earnings.
This system is designed and set up in a manner that it does come with one major downside. And, that major downside is that when you lose, you tend to lose big. Just, for example, you start out at the craps table placing $5 on any even-money bet.
Every time you win, you just simply keep making that same bet at the same money. If you lose, you double your bet for that next round. You will keep doubling until you win. The theory is that when you double your bet and win, you are making up for what you lost.
You’ll Eventually Go Broke
Here is the major problem with the Martingale system. If you lose enough times in a row, you will end up going broke. In fact, you might even end up losing so much money that you won’t have enough in your bankroll to cover the next bet.
Of course, there is also a chance that you might even bump up against the table limit, which is something that a lot of online institutions like Baccarat Formula are now implementing. The Martingale might be exceptional for short-term play, but there is without a doubt a lot of volatility when it comes to long-term play.
The Odds Of Winning Vary
Another discernible downside is that the odds of winning will vary from player to player. And, the defining factors that identify these odds will vary as well.
For instance, using this strategy will lower or raise your edge depending on the type of games that you are playing, the bankroll that you have to spend, how long you play each game, along with a number of other factors. Just take craps for example.
If you are playing a game of craps and betting $5 on the pass line and have a total of $1000 to spend, you will likely be able to play for an hour or so at this rate. This would equate to 43 spins at $5 a pop. You’ll probably win right around half the time with an average win of $25. You’ll also lose half the time with an average loss of $27.
