While some betting systems can improve your chances of making a profit in the short term, they can never ensure, with complete certainty, that you will always make a profit. It’s quite easy to understand why. If there were a foolproof way to make a profit, every casino in the land would go bust in days.
With that said, the Martingale system is widely used and praised by many. Recreational martingale blackjack gamblers, in particular, like the Martingale betting system because it is easy to follow, without the need for complicated math between each spin of the roulette wheel or hand of blackjack.
While you can head over to TwinSpires Casino and apply it to blackjack, the Martingale gambling system is more widely used in roulette because it works best when you can bet on 50/50 odds, or as close to them as you can. In roulette, you can bet on red or black, odd or even, or the 1-18 or 19-36 number groups at nearly 50/50 odds. You don’t technically get 50/50, however, because of the green zero number.
Following the Martingale system in roulette is simple. Start with a low bet amount of, for example, $1. If you win, repeat. But if you lose, bet $2 next time. You keep doubling your bet amount until you win again. Once you do, you go back to $1 and start over.
The idea is that you will keep getting your money back and keep the profits from your $1 wins. While that might be true, the only way you can guarantee a profit from the system is to walk away the moment you bag your first profitable win.
You don’t necessarily need to make the same 50/50 bet each time. For example, you don’t have to keep backing black until it hits, since logic dictates that there is a 50/50 chance of it being black or red at the start of each round. Just because the previous number was black, it doesn’t make it any more or less likely that the next number will be red.
While it’s true to say that you must win a 50/50 bet at some point, you can never account for a freak run of results.
Doubling your bet every round using the Martingale martingale blackjack system can soon add up. Imagine a run of ten losing bets (not unheard of at all):
By the time that the tenth bet comes round, you have to lay out a whopping $512 – and we must assume you can afford that, even though you have already lost $511. And perish the thought martingale blackjack you lost another spin – the next required stake would be $1,024!
But let’s assume for a moment that you have very deep pockets and you can keep going, no matter how high the stakes get, until you win a round and get everything back. The issue here is that in live and online casinos, there will be a table stakes limit. What happens if you have lost repeatedly and now can’t double your bet? The system falls down.