Posted 1 year ago
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Abysmal! That's what Martingale is.
If you are prepared to risk everything you own, then by all means try it out. The risk to reward ratio is totally skewed against you.
Each time you loose, you double your stake. Looked at simply: -
You place $10 on red - you loose. You then place $20 on red and just keep doubling up till you win
It isn't unusual to have 10+ losses in a row (despite the fact that the odds are even each time). On bet 11, you eventually win: you have bet a total of $20,470 and receive $20,480 still only $10 profit - assuming you are not already brian-cold.
Be cool and prosper