SCAM ALERT
- Martingale Strategy -
Estimated time to read: 2 – 3 Minutes
Where can you find this scam?
Gambling & Binary Options
What is the Martingale Strategy?
Probably everyone dreams of getting a lot of money quickly and easily, preferably with the least amount of capital and/or labour.
Whole armies of scammers follow this natural wishful thinking and promise big money with little work on numerous “money earning sites”.
One of those promises is the Martingale System.
The Martingale system is a roulette strategy that has been known since the 18th century and has not now been discovered or developed by mathematicians and computer scientists, as is often claimed.
In practice, this strategy uses either red or black and in case of loss, the bet is doubled until the ball falls back to the set colour.
Example:
Bet 1$ on red.
The colour black comes. The loss is 1$.
Bet 2$ on red.
It’s gonna be black again. The round loss is now 2$, the total loss is 3$.
Bet 4$ on red.
Now the ball falls on red. The round net win is now 4$. 1$ more than the previous total loss.
Now you start the game all over again and bet 1$ on the colour of your choice.
Take a look at the table here:
| Lost Round | Last Lost Bet | Total Loss |
|---|---|---|
| 1 | 1$ | 1$ |
| 2 | 2$ | 3$ |
| 3 | 4$ | 7$ |
| 4 | 8$ | 15$ |
| 5 | 16$ | 31$ |
| 6 | 32$ | 63$ |
| 7 | 64$ | 127$ |
| 8 | 128$ | 255$ |
| 9 | 256$ | 511$ |
| 10 | 512$ | 1.023$ |
| 11 | 1.024$ | 2.047$ |
| 12 | 2.048$ | 4.095$ |
| 13 | 4.096$ | 8.191$ |
| 14 | 8.192$ | 16.383$ |
| 15 | 16.384$ | 32.767$ |
| 16 | 32.768$ | 65.535$ |
| 17 | 65.536$ | 131.071$ |
When studying this table you have to realize that you have already lost 511$ in the 10th round and you have to risk another 512$ in order to earn only one Dollar as a total profit.
Anyone who now thinks that the odds are near zero percent, that the ball hits 10 or 16 times in a row the wrong colour, is wrong.
Experienced roulette players know only too well that such permanence occurs in casinos and online casinos.
In order to achieve the promised income with this strategy (you only win one Dollar at a time), countless rounds have to be played successfully and this time factor inevitably leads to the fact that you get into such a negative permanence and lose everything.
In addition, there is the problem that the ball can fall on zero besides red and black.
Also, the table limits prevent the functioning of the system, even if you would have infinite money. For example, even with VIP roulette, where you can bet up to 50.000$, after round 16 the game would be over.
What the Scammer wants
Scammers want affiliate money from online casinos and binary options websites. To get this money they need to persuade you to sign up and bet with money.
Why is it not working – in short?
- You don’t have infinite money – you can’t bet forever
- All casinos have a “maximum bet“(So even if you have a lot of money, you can only bet until you reach a certain level)
- Roulette has not a probability of 50/50 – You will definitely lose in the long run
- Binary Options have 50/50 BUT they never will have a profit of 100%. That means that you will have to bet even more to compensate your losses.
- Specific maths tells you that you can’t win in the long run, even if 50/50 and 100% profit are “there”. See this Wikipedia article for details.