Martingale's betting technique - May I ?
Every betting system will boost your earnings if used in combination with a staking plan. I'm certain right now there are punters around who will say that they came up with a reliable method that one could wager always the same amount with the same profit every time, however you'll find hardly anyone to generate income using this method. Without doubt punters will experience several losing bets or trades and any revenue could easily fly away. This scenario it could be more painful if a punter is following a 'laying' system where he is taking action as being the bookie and provide odds on a final result that is not possible to happen.
Certainly the most awful staking plan according to my opinion is the well known Martingale betting technique! According to the myth, Mr Martingale appeared to be a gambler who came out with an "always winning" staking plan to always make profit at roulette. The pattern was going like this: Mr Martingale was betting €5 on red to win. If the ball stopped on black loosing the bet, he doubled his bet to €10 and then €20 and so on. By this pattern the gambler has to carry on doubling his bet till he make a winner and this only for winning his initial bet of €5. For people who do not know anything about roulette it would sound a foolproof system!! And even a bank saving technique! Ok all this until you loose everything! After some winning runs of winning €5 the loosing strikes will come over and gamblers will ruin the entire bank. The martingale betting technique could make a gambler to bet unbelievable numbers as €640, €1280 to win just €5. Why? It is simple, because a roulette hasn't got a memory! Practically the same colour can come over and over again even 13,14,15,16 (and even more) times in a raw... Without an endless bank (hey is that possible?) Mr Martingale should, without a doubt, lose everything!Defending your betting bank is the essential factor of success and every staking plan requires to take under consideration many strategical parameters. The consistency of winning results is a major issue here. The size of a punters bank in conjunction with a bad attitude to risk, could cause the end of a gambler’s carrier. When bets get up to a big percentage of the bank who is going to have the nerve to carry on?
Stay away from Mr Martingale's betting roulette tactic...
Is trading a sport event odds the same as gambling on a roulette...? Could a trader use the martingale staking plan to profit...? Could we implement an exit strategy from Martingale’s betting technique adopted in trading....? Stay tuned ;)
