SCAM ALERT #4
Estimated time to read: 2-3 Minutes.
1. What is the Martingale Strategy?
2. Why is a mathematical concept a scam?
What is the Martingale Strategy?
If you are still under the age of 18 there is a chance that you still have not heard about the Martingale Strategy.
If you see the name in a text that is not in the context of your mathematics book- be very cautious.
The mathematics behind the Martingale strategy is surprisingly simple:
Imagine you make a coin toss
A coin has two sides- heads and tails. Chances are 50/50(ignoring a possble landing on the edge)
- Every time you win, bet the same amount of money again.
- Every time you lose, bet double however much you just lost.
I bet 1$ heads - if I win I get 1$, if I loose I bet 2$
-loose again I bet 4$
-loose again I bet 8$
-loose again I bet 16$
-loose again I bet 32$
-loose again I bet 64$
-loose again I bet 128$
...until Iget heads. If I finally win, I would get everything back + 1$ extra. I would have risked 255$ to win 1$?!
It sounds plausible that, sooner or later, I just have to win and that is what turns this so easy in a scam.
Why is it a scam?
You will find the Martingale scam in the context of casino/roulette and binary options.
Scammers use this very persuasive method to get good affiliate income. They write how wounderful the strategy is and how much they have eraned *insert hand holding lost of money*, but what them really makes rich are the people that will click on the "go to this online casino" link.
Same procedure with the binary options.
If you want to know about the mathematics behind it-> here.
Please never fall for the Martingale Strategy.