Blog Posted on 18/03/2020 | Author: Karen Macarthur
Is the Martingale Strategy Legal on Betting Sites?
There is an uncountable number of tricks and tips and ways to “beat the house.” There are many people who claim to have the ultimate system to beat the game and win big. Few of these people are reputable. But many are useless. If you think about it, if there was a sure-fire way to beat a game, every time, that game would not be in existence anymore. The casinos would take it out of business instantly.
The Martingale strategy is one of the more popular strategies. Especially for chance-based casino games like Roulette. It is not useful, though, when you are playing against other players, and there is some unpredictability. Although it is a common question as to whether the martingale strategy is illegal?
Let’s learn more about the Martingale strategy. This system is a betting pattern that many players seem to think works for them. They swear by its effectiveness and claim that they make a profit every time they use it.
Here’s how it works. In the Martingale strategy, you bet the minimum possible amount on an almost even chance bet. In Roulette, this means betting on red or black, or even or odds. If you win, you repeat the process. You keep betting the same minimum until you lose.
Once you lose, you make your bets double. Keep the play continued. The theory is that though you will lose, you will also keep winning small amounts so you can keep playing longer. But when you increase your bets, you have more chances to win big. This way, you can cover any losses you had. However, those will be minor since you do not make big bets.
The Martingale strategy is pretty simple to understand, and many players use it. Compared to strategies of games like Poker, Martingale strategy is much simpler.
Martingale strategy is not illegal. However, the casinos have betting limits to deter players from playing for a long time. If you reach the betting limit before winning your lost money back, there’s nothing you can do. Since the more you play, the more the casino earns, casinos do not mind players using this strategy.
Dangers of The Martingale strategy
The Martingale strategy is considered not very effective or even risky by some players, particularly the advanced and professional players. The main issue with this strategy is that it may not guarantee a win; it makes sure the player runs out of money soon. Sometimes, the player may run out after a few rounds only. This is because the Martingale strategy requires the player to double his bets in case of a loss. If the player loses a few times in a row, he will reach a difficult position very quickly, where he has no bankroll left for more bets.
Also, once the betting limit is reached and the player has lost a lot of money, he cannot win it back anymore. This way, he cannot cover his losses, and this marks the failure of the Martingale system.
Players sometimes do not understand the meaning of doubling their bets. They fail to learn how the bet amount rises so high, so fast. For example, if a player starts with a bet of $1, let’s see what becomes of his bet after six losses.
1 X 2=2
4 X 2= 8
8 X 2 =16
16 X 2 =32
32 X 2 =64
As you can see, just a losing streak of 6 losses has increased the bet value by 64 times!
Losing ten times in a row would increase the bet value by 1024 times.
Even though many players think they will not lose ten times in a row, the martingale strategy makes sure to ruin the player’s bankroll if it ever happens. Like other systems, the Martingale system has its drawbacks.
This is a huge number, and most players would run out of bankroll at this point. If the player reaches a point if he can no longer keep doubling the bet money, he would have to quit the strategy.
So it is probably a strategy that works for some, but there is an equal number of players who prefer not to use it.
As for the question about its legality, Martingale strategy is totally legal to use in the casinos. You may want to keep using it before you can discard its effectiveness because there is a large number of players who still swear by it.