Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

Martingale Betting System - Are You SURE?


Very common and popular system among newbies who like roulette, but not a very useful one. Sure, it seems simple and logical - you start with, let's say, 10 bucks and you double it every time you lose in order to win it back.

Let's look how the bets increase with every loss - 1) $10, 2) $20, 3) $40, 4) $80... 9) $2960! Okay, it's very rare to lose 9 times in a row when playing roulette and betting on red/black, but let's face the facts and more important - the ODDS. The chance of losing 9 times a row is somewhere near 1/500, meaning that chance of losing 3 grands in order to win back your $10 is around 1 in 500...

You may get lucky, of course, and probably you will first few times, but in the long run you lose and when you lose, you lose really big. Hey, I've seen roulette ball landing on black 13 (thirteen!) times in a row and I have heard stories of people getting 17 reds in a row. Now, if you take this initial $10 bucks and calculate, you can see that if you keep using Martingale and if you wait long enough, you will lose hundreds of thousands. For example, if you start with $5 and lose 17 times in a row, your last bet will be $327,680. Now - how sick is that?!?!

"If I had the money and the drinking capacity, I'd probably live at a roulette table and let my life go to hell," said Michael Ventura once. I think he forgot to mention "Martingale Betting System".

Some people use Anti-Martingale System, where you have to predict a win (6 blacks in a row, for example) and where you have to double every time you have won. If you've won three times in a row, start all over again. If you lose, start over with minimum bet (do not increase!).

GamblingRalf recommends Anti-Martingale System (if any system at all, and IF roulette at all...), because it's not as nerve-wrecking as the others - you don't have to place cosmic bets to win back your pocket change.

Ralf Vinogradov is a part-time journalist in a newspaper and an editor and webmaster of gambling related website GamblingRalf.com, that introduces wackiest online casino bonuses. He also runs infamous newsletter called "Club Hundredaire".


MORE RESOURCES:

Philadelphia Magazine (blog)

Auditor General to Review Pa. Casino Gambling
Philadelphia Magazine (blog)
The Morning Call reports that Auditor General Eugene DePasquale will review whether casino gambling is paying its way in Pennsylvania — specifically if it is bringing promised jobs and tax revenues to the state. “We're going to be curious to see how ...
Auditor General to audit Gaming Control BoardPittsburgh Business Times (blog)

all 72 news articles »


Mayors stop casino gambling at Tiyan grounds
Chron.com
Linala Sin Casino, a group that opposes casino gambling on Guam, raised concerns about gambling continuing in Tiyan after the Liberation Day carnival had closed in August. Villages have been using the Tiyan site for gambling operations as part of their ...

and more »


The Courier-Journal

Kentucky lobbying group pulls support of legalized casino gambling
Daily Racing Form
The Kentucky Equine Education Project, a racing lobbying group in Kentucky, will no longer actively support legislation that would legalize casino gambling in the state, the group announced Friday. In a statement, KEEP said the group's board adopted a ...
Horse group now opposes Kentucky casinosThe Courier-Journal
Horse industry group says it no longer supports casino gambling in KentuckyLexington Herald Leader

all 7 news articles »


Toledo Blade

Gaming Association: Casino Gambling Brings Jobs, Tax Revenue
WBAL Radio
Some of the highlights of the report put out by the American Gaming Association shows that in 2013 casino gambling has brought in $1.4 billion to the state's economy, approximately 8,000 jobs have been created and about $543 million in local, state and ...
Gambling revenues fall statewideToledo Blade

all 45 news articles »


NorthJersey.com

NJ lawmakers considering ballot question on casino gambling in North Jersey
NorthJersey.com
State lawmakers are in serious discussions to craft a ballot question that would go to voters in November asking them to allow casino gambling in North Jersey, just as New York has denied six bids for casinos a short drive across the border in Orange ...
NJ lawmakers considering ballot question to allow casino gambling in North ...Las Vegas Blog (blog)
Fulop: Casino in Jersey City would be highest-grossing in North AmericaNJ.com

all 26 news articles »


Casino Gambling Lands Fam In Debt
The Spokesman Review (blog)
This father of two said he feels like he's on a sinking ship. He told Christmas for All that his wife left the family last year, after plundering their bank accounts, and plunging the family into massive debt. “She was gambling, going to all different ...

and more »


Mayors stop casino gambling in Tiyan
Pacific Daily News
Linala Sin Casino, a group that opposes casino gambling on Guam, raised concerns about gambling continuing in Tiyan after the Liberation Day carnival had closed in August. Villages have been using the Tiyan site for gambling operations as part of their ...

and more »


New Hampshire Voice

Expansion of casino gambling may increase public corruption: FBI
New Hampshire Voice
The growth of casino gambling industry might lead to an increase in public corruption as well as financial and organized crime, the head of the Federal Bureau of Investigation's (FBI's) Boston office said. Special Agent Vincent Lisi, whose office ...
FBI's Boston office warns of corruption in casino industryCapecodonline

all 69 news articles »


Starling speaks out on Casino Gambling Act
Royal Gazette
Mr Starling, who has previously voiced his disappointment that Government did not follow through on the promised referendum, expressed his concern that the OBA, having aborted the referendum in favour of passing casino gambling as legislation, failed ...



Casino gambling revenue in Macau falls in November for the sixth consecutive ...
Macauhub
Gross revenue from gaming and gambling in Macau fell in November for the sixth consecutive month but at a lower rate lower than that recorded in September, the Gaming Inspection and Coordination Bureau (DICJ) said. According to information from the ...

and more »

Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright 2006 Luminati Inc. All rights reserved.