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Jack Richardson, Memoir of a Gambler (1979) In essence, you, the gambler, double your previous bet (after a loss) leaning on the statistical certainty that sooner-or-later you are bound to win. A string of six defeats and you are up against the table limit, possibly tapped out and still chasing ten buckaroos....
The problem with this money management technique is: 1) you do not have an inexhaustible bankroll to take on multiple losses, and 2) the casino owns the bank and sets the rules—like table limits. The Martingale System is a ‘negative’ progression betting system whereby you do exactly the opposite by increasing your wager size after each subsequent loss., then drop to the table minimum – ‘flat betting’ – after every loss....
Was I misinformed? Nick F. He says you are keeping the first win after raising the bet and then using house money for the raise. Losing six hands in a row costs you ....
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, then drop to the table minimum – ‘flat betting’ – after every loss. The Martingale System is a ‘negative’ progression betting system whereby you do exactly the opposite by increasing your wager size after each subsequent loss. This chair would be my only possession....
