Who isn't looking for an angle to make an easy buck, pound, or shekel?
One bet people talk about is the Martingale system. If you don't know what this is all about, it's a method of doubling your stake to cover the loss and potential win.
In theory, if you keep doubling your bet enough times you will win.
That's the good side.
So you bet black or red on the roulette wheel.
However, have you seen the number of times red can come up before black rears its beautiful head?
We are talking black or red (we'll forget about green, for the moment).
If you are thinking red can't come up so many times in succession!
You may be in for a surprise.
In fact, the longest recorded streak of one colour in roulette in American casino history happened in 1943 when the colour red won 32 consecutive times.
If you double your £1 stake twenty times it will cost over £1,000,000.
So, who knows what 32 consecutive spins (losses) would cost.
30 times is by my estimation is £1 billion pounds.
A lot of money to win £1.
And then, shock horror what happens if the green zero pops up (and there are two of those in most countries bar the United Kingdon, that has one).
So the Martingale system, on roulette at least, is a sure-fire way to find yourself in the poorhouse.
The only way you can use such a system is if the win statistics are high and that can only be based on skill.
However, you will still be at the mercy of a long losing run.
Don't use this system unless you can guarantee you will win. And that will never happen.
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