The Risks and Rewards of the Martingale Betting Strategy
At its heart, the Martingale strategy is a method to manage bets that theoretically ensures you not only recover all your past losses but also gain a small profit. The strategy is based on a simple rule: double your bet after each loss. When you eventually win, you recover all your accumulated losses and achieve a profit equal to your original bet. Then, you start again with your initial bet amount.