Roulette is fundamentally a game of chance, however this hasn’t stopped players from attempting to create betting systems in an attempt to outsmart the house. One of the most commonly used and possibly easiest to implement of these systems, is the Martingale system.
How the Martingale System works:
- Bets are made on either black or red
- You begin by making the minimum table bet, and if you lose you double your next bet. If you lose again, you again double your bet. You continue to double your bet until you win, after which you return to betting the table minimum.
You can try your hand at implementing the Martingale System with the practice play option on the Vegas Palms Online Casino.
This type of betting system is not meant to create big wins, but rather a number of small wins over an extended period of time. In addition, this system also requires you to have a large or unlimited bankroll to ensure that you never lose.
The Gambler’s Fallacy:
Although the Martingale is one of the more commonly used roulette betting systems it is not without its limits. The major problem with systems like the Martingale is that it suffers from the Gambler’s Fallacy. The Gambler’s Fallacy presupposes that an event that has not happened recently becomes overdue and thus, more likely to occur. However, in actuality, in roulette each spin has independent probability not related at all to previous or future spins whatsoever.
Albert Einstein described the only way to win at roulette stating “No one can possibly win at roulette unless he steals money from the table while the croupier isn’t looking.”