The Martingale betting system is one of the oldest betting systems in the gambling world.
It is based on the biggest gambling myth that an event that has not happened recently is way overdue and about to happen. It is also called “gamblers” fallacy. The system was originally developed in the casino game called roulette, where there is an equal chance of winning.
To understand the system in simple way let us take the example of coin toss. In the coin toss there is 50-50 chance of winning. Lets’ say a gambler puts $5 on coin toss and bet on “head”. If the outcome is “head” he wins $5 and if it is “tail” he loses $5.Read More