The Martingale System of Betting in Blackjack
The Martingale System of betting is a high risk and low reward betting system in blackjack. This system of betting is best suited for the deep bankroll playing below one’s means. By design, the Martingale System of betting relies on compounding your bet to chase and recapture losses.
Martingale System of Betting Explained
The Martingale System relies of the blackjack player to string together successive winning hands in a row in order to show profit. Using the Martingale system, when you lose a bet, you double your bet and continue doubling until you win. Once you win a bet, you return to your original bet.
Martingale System of Betting Demonstrated
At an online casino blackjack table where the minimum bet is one and the maximum bet is one hundred, we decide to employ the tactics of the Martingale System. We start with an initial wager of one. We lose our first bet and bet two. If we win the bet of two, we recapture our two and win two and we are up one bet. We start over again, this time at a profit of one. We lose the first bet. Then we bet two and lose again. Our next bet is four, which we win. We are now up two bets.
This system works ideally when you take down bets one at a time, meaning you win and then bet one, which also results in a win. Then you bet another and another – all booking the win. We run into problems in the system when we begin putting together a losing streak.
Problems with the Martingale System
Every betting system has its pros and cons. The Martingale System is no different. The Martingale system relies upon the thought that you will never lose a series of bets to put you at the table maximum. At a table where the min bet is one and the max is 100, it would take eight bets to exceed the maximum bet at the table. Believe me when I tell you that it is possible to lose eight hands in a row in blackjack. For this reason, you want to play below your means when employing the tactics of the Martingale System of betting in blackjack.
While the Martingale system can turn you a profit, it is a high risk, relatively low reward system of betting in which a blackjack player can mount up a serious loss if he catches a cold shoe.