Why Martingale is not a good idea for Binary Options
Roulette is classified as a game of chance since there is absolutely no way of predicting where the ball is going to land. Unless you’re a psychic or the wheel is biased, it is impossible to know the outcome.
If that’s so, why do we have a piece on roulette strategies? Because it is possible to increase your wins and decrease the losses, ensuring that you end up with more than you started with.
The martingale system
It is the most common system of gambling in games of chance such as roulette.
It has became even more popular with the introduction of casino no deposit bonuses and promotions. The concept is actually very simple, involving the doubling of the bet whenever you lose and retaining the same bet amount when you win.
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Let’s assume you start at $1 – in case of a win, you now have $2 and a $1 profit, and you would bet the same $1 keeping a profit of $1. If you lose, you’re already $1 down, and you would need to bet $2 on the next bet.
The idea behind this system is that it is not likely to have a continuous run of losses, and that after some time your luck would turn around.
When that happens, the double bet ensures you recoup your losses and make a small profit. Let’s go back to the example with the initial loss – if on the $2 bet, the player won, they would have made a $2 profit which would cover the initial $1 loss and leave a bit of profit.
This system has one glaring problem – it requires that the player have unlimited money to bet.
The odds get even worse with roulette, meaning that it is possible to run out of money before ending the run of losses.
The idea was first proposed through the use of a coin toss, which always presents a 50/50 chance, which isn’t the same for roulette.
Say, you’re playing roulette and betting on black, your odds of missing are low at 1 in 784 chances (for a European roulette). However, if you kept on betting on black, your chances of missing black would actually increase with every spin.
Therefore, it is possible to experience an extended run of misses with increasing losses due to the house edge. Despite this shortcoming in the martingale system, it is still very often used, just make sure you know the limits at the casino you’re gambling since there might be a limit to how much you can bet.
D’Alembert roulette system
This roulette strategy, developed by the Jean Le Rond d’Alembert, is similar to the roulette strategy because it also involves increasing your bet size when you lose and decreasing upon a win.
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The difference is that you increase your bet when losing by one and vice versa. By using this system, you’re trying to avoid the martingale system’s problem of galloping losses, keeping the losses minimal even on the longest losing runs.
Fibonacci roulette strategy
Fibonacci is well known for publicizing the Fibonacci sequence of numbers, even though they were not new.
These numbers were found to exist in nature as the golden ratio, and they can predict, allegedly, how the where the ball will land on the roulette wheel. The number starts with 1 and 1, increasing with the addition of the two previous numbers – 1, 1, 2, 3, 5, 8, …
When using this strategy, you bet on the numbers in the Fibonacci sequence, and when you win, move back two numbers and keep going.