The Martingale system is one of the best-known and popular Roulette systems. One of the reasons is that it is very simple system to learn. The myths surrounding it have also meant that you often hear people talking about the system and its advantages.
In the late 19th century there was a player named Martingale. It is from him the system originates. The system can be implemented in a number of other even betting games, such as Roulette, Blackjack and Baccarat. Even betting games are games where if you win you get your stake back plus the same amount on top of that.
The basic principle of the Martingale system is that you double your bet each time you lose, and continue doing so until you win, after which you start over again.
Examples of the Martingale system in use:
1 - If you bet SEK 20 on black. You lose if red comes up.
2 - Now you bet SEK 40 (20+20), still on black. You lose.
3 - Now you bet SEK 80 (40+40). You win and get a SEK 80 pay-out from the bank.
This mean your winnings are 80-40-20=SEK 20.
The system can, however, have disastrous consequences on your capital as the numbers quickly add up. If you continue playing and lose 10 times in a row you will be betting SEK 10,240 in the last round. The betting sequence is as follows:
20 - 40 - 80 - 160 - 320 - 640 - 1.280 - 2.560 - 5.120 - 10.240
If you run into a spell of bad luck you may find yourself betting SEK 163,840 at the 14th round (20,480 - 40,960 - 81,920 - 163,840).
The moral of the story is that even if you start out betting modest sums you may end up wagering much larger sums than you anticipated. For those who think that it is very unusual to get 15 spins in Roulette that come up red could be in for a very unpleasant surprise.