MARTINGALE

The term martingale really refers to a betting strategy that many people think has value.  In this betting strategy, a player would play the same low bet for each hand and would continue to do so as long as they were winning.  As soon as the player loses a hand, however, he double the next bet.  If he loses the next bet also, he would again double his bet.  The idea is is that sooner or later the player thinks that they have to win, and since they have doubled and re-doubled their bet, they will not only win back their losses but also will win a chip at the same time - as soon as things turn around.

This strategy sounds good and does in fact work for a time.  It falls apart though when the player reaches the house limit at the table and can no longer double their bet.  When that happens the player loses big.  So the martingale in general entices gamblers, since most of the time the gamblers are winning small winnings.  But sooner or later comes the big loss at the players are even up at best.

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		Book: The Complete Blackjack Survival Kit (click for info) eBook Available from Google Play, Amazon Kindle, Barnes and Noble Nook Does this book tell you how to win? No. It does tell you how you might get the odds in your favor, and gives some strategy tables for some of the more common blackjack games played in casinos. It also tries to explain using math and simulations why getting the odds in your favor may indeed improve your play, but why no one we know of can guarantee winning all of the time.

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