If you lose, you have now lost -3 units for this series and bet 4 units the next bet. If you win the next bet of 4 units, you again win +1 unit for this series of bets. If you win your first bet, you are up +1 unit and start a “new series” (that is, you start all over again, by betting one unit). If you lose, you are down -1 unit and then bet 2 units. If you win this bet, you win 2 units, winning the first bet back and winning a net of + 1 unit for this series. The classic example of a Martingale series of bets is to repeatedly double your bet until you win. The approaches and results of Martingale Systems often seem tantalizingly easy to most people. Everyone wants to find a “system” that works and makes some money, and why shouldn’t it work, right? These systems often rely on human nature and the over-confidence of most gamblers by increasing bet size during a losing streak. The Yankees can’t get swept in a series, right? We have an edge, so we shouldn’t lose too many in a row, right? The gambler thinks, “let’s double our bet and make some money back.” Unfortunately, in the vast majority of cases, the probability of winning the next play is independent of the past (as in the famous quote: “luck has no memory.”) The gambler is merely increasing his bet size, with no increase in expected value or profit. The gambler is therefore increasing his “risk of ruin.” There are many variations of Martingale systems, but let’s first take a look at the classic Martingale system.Ĭlassic Martingale System – Double Your Bet Until You Win Use of this information in violation of any federal, state, or local laws is prohibited.

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