Martingale is a guaranteed winning strategy only under two small conditions: 1 - there are no bet limits, 2 - you have an unlimited amount of money.
That is false and even if it were true the conditions are unrealistic, so people better forget about Martingale, but no matter how many times that has been explained in this forum by several of us, and in a lot of places on the web, people misinterpret what they want and keep trying the strategy.
What were you going to do with unlimited money and no bet limits? Double the bet to win only the initial amount until you lose it all and start all over again?
The Martingale should be called the Rubbishgala.
First off, if you have "unlimited money", why bothering with making a bit more with such boring betting strategy as martingale?
Maybe it's a philosophical question, but I wouldn't say @pawel7777 was wrong in saying "Martingale is a guaranteed winning strategy" under those conditions.
~ We can agree that there's no winning strategy for any games with a mathematical edge not being on your side (negative EV).
But if you still want to gamble on such, then martingale is just as good, or just as bad as any other betting style. You're just betting on not having a losing streak exceeding your bankroll.
But if you still want to gamble on such, then martingale is just as good, or just as bad as any other betting style. You're just betting on not having a losing streak exceeding your bankroll.
Absolutely. For example, you can bet your entire balance on a single slot spin, and this strategy, although considered bad money management wise, wouldn't look so bad if you hit a high multiplier.