Posts Tagged ‘martingale’
Roulette is an elegant casino game, filled with noblesse and flair, that has always been associated with wealth and glimmer. Also, roulette was responsible for the ultimate financial downfall of several people thinking they are smart enough to decipher its rules and outwit its system using pure mathematics. Several mathematicians have tried to find the best strategy to predict where the ivory ball will land next – but they all failed. The Martingale system is maybe the most famous result of their activity.
The Martingale system is maybe the simplest betting system ever devised, and it is also a successful one – at least in theory. In practice, though, you would need to have infinite funds and no limits on the bets you can place for it to work. Let me explain.