There are many betting strategies used by players try to win money from casinos. Among the most popular and simplest strategy is called Martingale technique. Although it is the simplest strategy use by most gamblers, it is one of the most dangerous methods that may causes you lose all you money fast if the game’s draw results are not the outcomes you projected. Let find look into the details of Martingale technique and see how it will help in your betting as well as risking your money.

Martingale technique is a betting strategy that asks you to double your bet every time you lose. The theory goes in this way: In any casino game, it is very common to have runs of 5, 6 or even 20 consecutive outcomes of high or low, even or odd, black or red; but it will finally result in the other side of outcome, so if you continue double your bet, you will eventually recoup your loses and win at least one chip extra when the outcome result in the field you bet on. For example, you are playing on Roulette and bet on Black with $10, it turns out to be Red, you lose, you continue to bet on Black but this time the betting amount is $20. It turns out to be Red again, you bet again on Black with $40. And, the games go on if you continue to lose, you double up with $80, $160, $320, $640…until the outcome turns to be Black, you win. Once you win you will cover you loses and win $10.

Theoretically Martingale technique is a perfect betting strategy that ensure you will win if you have sufficient money to double up the betting amount until you win. But, in true life this is the case because casinos have implemented a few game rules to protect themselves from rich players who have money to play using Martingale technique. One of the rules is maximum limit that you can bet on a field. If a player using Martingale technique to place his/her bet and if he/she continue lose and double up the betting amount, eventually maximum limit will be reached and the player can double his/her bet amount anymore. This is how casinos stopped players to continue winning with Martingale technique.

Playing with Martingale technique can be very dangerous because it was wipe you out very fast if the outcomes of the draw result always put you in the lose side and cause you hit the maximum limit where you can’t double up your betting anymore. For example you bet on Roulette table which has minimum limit of $1 and maximum limit of $300. You start bet on Red with $1 and double up to $2, $4, $8, $16, $32, $64, $128…today you have a very bad luck, the Black continue to come out consecutively for 8 times, but you believe this round (the 9th round) should be Red so you bet with $256 on Red. You are praying and hoping the outcome to be Red because you know that if this round still results in Black, you can’t double up your betting any more because of the table limit. Unless you are lucky this round else you will lose. Here is where the Martingale technique broken because you can’t bet with $512 on Red even you have money.

You will face a high risk of losing money using Martingale technique if you solely play with your luck. But it can work well if you use it with a few good betting strategies that you may learn from e-books or articles published by casino pros.