This strategy is one of the most famous betting systems used by punters worldwide, and it’s no surprise that it can be associated with some high-stakes casino drama and action. The concept is straightforward: if you lose, you just double your bet until you win. When you finally win, and hopefully you do, you make back all your losses and a profit as well.
Now, this might sound too good to be true, right? Well, as with all gambling strategies, there are a few potential risks and the likes hiding in the detail, so here is your mate Joe Fortune giving you a complete guide on what you need to know and whether it is the right way for you to play.
What is the Martingale Roulette Strategy?
First up, let’s break it down. This is a betting strategy based on the idea of doubling your bet after each loss. So, let’s say you start with a $1 bet on something like red or black, which are pretty much considered even-money bets in roulette. You know what I mean; you’ve got a roughly 50/50 chance of winning.
You start with $1, then if you win, you’re laughing as you’re ahead and so you’ll be ready to bet another $1. But if you lose, you then double your bet to $2, and should you then lose again, your bet becomes $4 and so on. The theory is that, eventually, you’ll hit a win, and when that happens, you’ll cover all your previous losses and make a profit equal to your original stake.
Let’s use a simple example. You start with a $1 bet, and you lose the first three rounds:
Bet $1. You lose. Bet $2. You lose again. Bet $4. You lose yet again. Finally, on the fourth round, you bet $8, and you win. Now, you’ve spent and lost $1 + $2 + $4, which adds up to $7. But, when you win with your $8 bet, you make $8 back, covering all your losses and leaving you with a profit of $1. So, technically, you’re up by your original $1 stake. Seems easy to make a quick buck but…
The Excitement of the Martingale System
The attraction to the Martingale Roulette Strategy is obvious. It seems like a dead set ripper of a plan and an easy way to make money. After all, if you’ve got enough cash to keep doubling your bets, you’ll eventually win, right… The odds certainly appear to favour you if you stick it out long enough. After all, punters, you’re playing the law of averages, and the law says you’ll eventually land on a win.
Plus, there’s that sweet satisfaction of getting back your losses and walking away with a win. It almost sounds like you’ve got the system at your mercy. But before I get you too excited, let’s apply the brakes and talk about why this strategy might be more like a double-edged sword than a nailed-on winning ticket.
The Risks of the Martingale Roulette Strategy
Now, as much as the Martingale Roulette Strategy sounds like a good idea, it comes with a lot of risks. First off, the number one problem with the system is that it assumes you have unlimited funds, and that the casino doesn’t impose a bet limit.
Let’s go back and imagine you start with $10, and you hit a rough patch and lose five times in a row. You’ll need to bet the following amounts to continue the system:
- First bet: $10
- Second bet: $20
- Third bet: $40
- Fourth bet: $80
- Fifth bet: $160
At this point, you’ve already risked $310, and now you need to place a bet of $320 to keep the strategy going. If you lose that, you’ll have to bet $640, then $1280, and so on. Before you know it, you’re putting up some serious cash for each spin of the wheel, and all it takes is a single losing streak to put a serious dent in your wallet.
And here’s the thing: as you know, roulette is a game of chance, and the odds of hitting a losing streak are very real. The wheel doesn’t have a memory or care where the ball lands, so no matter how many times you win or lose, the odds stay the same. It’s possible to lose 10, 15, or even 20 bets in a row, and if you’ve already started doubling up, you could end up putting more money at risk than you should be.
Many players set daily limits, which is something we encourage here at Joe Fortune. Also, casinos have rules in place too, which apply to highest bets which can be placed, so both of these are considerations to have when looking at trying this roulette strategy.
The Emotional Rollercoaster
The Martingale Roulette System is an emotional rollercoaster. Each time you lose, the pressure builds up to win back your losses, and by the time you’ve doubled your bet several times, you’re probably sweating bullets. It’s easy to get so caught up in the chase for a win that you start making risky bets you wouldn’t otherwise make.
Additionally, the longer you play, the more likely it is that you’ll hit a losing streak, which can lead to plenty of frustration and perhaps poor decision-making. It’s easy to fall into the trap of “just one more bet” or “just one more chance,” but the odds of winning aren’t changing, and neither is your bankroll.
Joe’s Final Thoughts
If you’re feeling lucky and want to give the Martingale Roulette Strategy a go, remember that gambling should be fun, and you should always gamble responsibly. Don’t put all your eggs in one basket and if you are going to play this strategy, why not try it with a few mates…
The Martingale Roulette Strategy might sound like a way to beat the odds, but the reality is, luck is the only thing that really decides your fate at the roulette table. So, while you might win a few rounds and feel on top of the world, always be aware that the system isn’t 100% guaranteed to win you money.
Responsible Gaming
At Joe Fortune, we believe in providing a fun and entertaining online gaming experience while ensuring your well-being. Responsible gambling is very important to us, and we encourage all our players to enjoy online gaming in a safe and balanced way.
Martingale Roulette Strategy FAQs
Is there a trick to winning at roulette?
There are several systems that players like to use, the most popular one being the Martingale Roulette Strategy.
Can you win real money on roulette?
Yes here at Joe Fortune we’re all about playing with real money that means Australian Dollars. We have a very secure and easy to follow registration process. We also make our deposit and withdrawals as fast and safe as possible to ensure real money winnings get to your account as quickly as possible.
Can I use Crypto at Joe Fortune’s Casino?
Yes, here at Australia’s Number One Online Casino we accept all the most popular cryptocurrencies including Bitcoin, Litecoin and Ethereum to name a few.