TradeForProfit - The Martingale

TradeForProfit - The Martingale: "Martingale Systems


If you quickly search for Martingale systems in the engine below you'll quickly get the picture. Another way to describe it would be doubling up on each bet until you win, then starting again. it was used in casinos at the start of the last century. Casinos get around it by introducing table limits and extra numbers on the roulette wheel (0 and 00 swing the odds back to the house), therefore in Casinos don't even think about using it- they'll see you coming.

There is however ways to make money using martingale like systems that recuup loses on following bets. As with previous systems you MUST use discipline and control the bank, never risking more than 2% at any time."