Many betting systems will rely on unrealistic winning streaks and ignore realistic odds. . For example, a popular betting system known as ” Martingale ” suggests that a player chases their losses until they win. This is done by doubling your bets each time you lose and reverting to the original amount when you win. So when you bet $ 5 on a bet that pays even money, if you lose, then bet $ 10, in the event of a further loss, bet $ 20. If you win, you will have recovered your previous losses and you will even
Doesn’t that sound good? But what if you lose that $ 20 bet? You will be forced to bet $ 40, then $ 80, after $ 160 and so on. So after a series of seven losses (which is not strange since it happens about once every 120 betting sequences) you will bet the sum of $ 640 to make a profit of only $ 5. Suddenly it doesn’t seem worth it at all! This strategy will quickly deplete your bankroll (the money you set aside for gambling) without you being able to recoup your losses.
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