The Martingale system is one of the oldest and most well-known betting systems in existence. It is also one of the easiest to learn, as there are no complicated calculations involved. The required math is very basic, and there are just a couple of simple steps to follow.

As a negative progression system, the Martingale involves increasing your stakes when you lose. It’s based on the theory that there is a low probability of you losing a large number of bets in a row, and that you will always win one eventually. As sound as this logic might seem, it’s ultimately flawed.

Martingale system can be used practically everywhere but his main use is at casino games that offer even money bets.

Like we said system is not complicated and there are just two rules to follow.

Double your stake every time you lose
Stake one base unit every win

That really is all that the Martingale is. Base unit can be any amount, but for you good idea is to be small for reason that will be told later.

This system can work in the short-term. It can even work for quite for an extended period of time if you avoid any long losing streaks. However, the problems start when you do go on a losing streak. And, realistically, this is bound to happen at you some point.

The biggest drawback of the Martingale system is that it doesn’t take many losing wagers in a row for the required stakes to get very high. Let’s say that you wage 5 $ and see what would happen to your stakes if you lost just six wagers in a row.

After losing six straight wagers, which is perfectly possible, you are now required to stake $320 for the next one. This is 64 times your base stake, and you’d already have lost $315.

This is where the Martingale system fails. It’s a perfect system if you have an infinite bankroll and a casino with no maximum stake, but neither of these things are possible.