Your cart is empty
Casino 18 December 2024
Martingale, Paroli, & Fibonacci!
Why The Martingale Strategy (And Others) Do Not Work!
THE MARTINGALE STRATEGY: WHY IT DOESN’T WORK
- WHAT IS THE MARTINGALE STRATEGY?
- WHY THE MARTINGALE STRATEGY FAILS
- OTHER POPULAR ROULETTE STRATEGIES
- PAROLI (REVERSE MARTINGALE)
- D’ALEMBERT SYSTEM
- FIBONACCI STRATEGY
- JAMES BOND STRATEGY
- WHY ROULETTE STRATEGIES FALL SHORT
- THE ROLE OF PROBABILITY
- ROULETTE VARIATIONS
- RISK VS REWARD
WHAT IS THE MARTINGALE STRATEGY?
The Martingale strategy is one of the simplest and most widely known live casino betting systems. Its premise is straightforward: after every loss, you double your bet. The idea is that when you eventually win, the payout will cover all previous losses and leave you with a small profit equal to your original bet. On paper, it sounds foolproof, maybe even logical. In practice, it’s anything but!
WHY THE MARTINGALE STRATEGY FAILS
The main issue with the Martingale strategy lies in what happens when players go on extended losing streaks. While small, consistent wins might be possible in the short term, a string of losses can rapidly escalate your bets to astronomic and unsustainable levels. For instance, imagine you start with a £10 bet on online roulette:
- Lose once: Double to £20
- Lose again: Double to £40
- After five losses: You’re betting £320
- After ten losses: You’re up to £10,240(!)
The progression becomes staggering, and few players have the bankroll or the nerve to continue doubling their bets indefinitely. On top of this, even if you could afford it, most casinos impose table limits that cap the maximum bet allowed. Once you hit this limit, the Martingale strategy collapses entirely as you won’t be allowed to place the next bet, giving you no way to recover.
OTHER POPULAR ROULETTE STRATEGIES
The Martingale betting system is undoubtedly the best known roulette strategy. However, that does not mean that there aren’t other strategies out there claiming to be the silver bullet to success on the roulette wheel! Over the years countless strategies have been developed, some conservative and some aggressive, which may look appealing at first. As with the Martingale strategy however, these strategies each fall short of defeating house edge and the principles of probability.
PAROLI (REVERSE MARTINGALE)
The Reverse Martingale turns the original system upside-down. Instead of doubling after losses, players double their bet after each win. This strategy may appeal to players who want to ride winning streaks while limiting losses during "cold" spells. However, it is another deeply flawed strategy. For the Paroli system to work, there must be a period of continuous wins. As we all know, these winning streaks are rare and unpredictable, while a loss could wipe out profits in a single blow.
D’ALEMBERT SYSTEM
The D’Alembert system offers a more conservative approach. After each loss, you increase your bet by one unit, rather than doubling it. After each win, you decrease it by one unit. While the gradual approach may seek to minimise risk, it does not avoid the exact same pitfalls that the Martingale strategy faces. The house edge is built in to every game of roulette, and over time, whether the increases are small or big, you are still more likely to lose than win.
FIBONACCI STRATEGY
The Fibonacci strategy uses a sequence of numbers where the player’s stake is the sum of their previous two. Let’s take 1, 1, 2, 3, 5, 8 as an example. After a loss, you move to the next number in the sequence and stake that amount; after a win, you go back two numbers and that will be bet amount. This system is appealing to some thanks to its slower bet progression compared to the Martingale. However, as with the other strategies, this Fibonacci crumbles when up against a long losing streak and, of course, the house edge. Additionally, similar to the Martingale, the bet amounts can escalate incredibly quickly if a player suffers a prolonged losing streak.
JAMES BOND STRATEGY
This system is more eye-catching than the others, but the same problems remain. The James Bond system involves splitting your bets across multiple outcomes. This means that you might wager £140 on high numbers (19–36), £50 on 13–18, and £10 on 0. The idea is to cover more of the potential outcomes, increasing your chances of a win on each spin.
While it certainly sounds impressive, the James Bond strategy cannot change the very nature of roulette, meaning that house edge remains and the potential for probability is unchanged. This is due to the fact that the ball can still land on the small part of the the wheel where a bet has not been placed. Losses will follow, and these losses will wipe out the modest wins achieved from successful spins.
WHY ROULETTE STRATEGIES FALL SHORT
While these strategies may offer a structure to a players gameplay, and perhaps even increase enjoyment, it is important that players understand the mechanics of roulette to realise why these strategies fall short. The system, or strategy, aside there are several other factors that will determine success on the roulette table – and these are beyond the players control.
THE ROLE OF PROBABILITY
One of the most commonly believed myths of roulette is that of the “gambler’s fallacy” – the misguided belief that past outcomes will influence future spins.For example, in a situation where the ball has landed on black nine times in row many players might assume the red is “due” next. This simply is not the case. Every spin is independent of the last, so the odds of the ball landing on black or red next remains the exact same. This is a fact that no strategy, no matter how aggressive, cautious or flashy, can change.
ROULETTE VARIATIONS
Before you even think about placing a bet on roulette, you need to understand the different variations of the game. Are you playing European roulette? Or French roulette? Or is it American? Each of these types of roulette have different layouts, which will affect the house edge and thus your probability of winning. For example, European roulette has a single-zero wheel which gives the casino a house edge of 2.7%. Its American cousin, however, has an extra slot for double-zero, increasing the house edge to 5.26%. The hard truth is that no matter what strategy is employed, the house edge can not be reduced or eliminated.
RISK VS REWARD
The roulette strategies mentioned so far each have varying levels of risk. The Fibonacci and Martingale strategies set players on a path where high-stakes bets may be required. On the other-hand, the Paroli and D’Alembert systems are more conservative and less volatile, with equally unlikely possibilities of long-term success. At the end of the day, the reward does not justify the risk for any of these systems as, no mater what, the house edge remains and the player cannot take that away.
T
by
Thomas
What I Cover: I am always intrigued to discover how lotteries from around the world can seem so different. Thanks to this interest, you will find me writing about the histories, traditions and records of lotteries from every corner of the world!
I am also an avid sports fan, so from time to time, I will also cover in-depth guides to help you understand how sports betting works.
My Background: I have been working in the industry since 2020. In that time I have written countless articles related to lotteries, sports, casinos and the history of gambling.
Journalistic Ethics: My role is to help you navigate the world of lottery and sports betting with as much ease as possible. This is why you will find my articles informative, accurate, up-to-date and helpful.
Contact Me: I'd love to hear from you! Leave me a comment under any of my articles and I will reply as soon as I can!