Why you should avoid using The Martingale System.
How the Martingale System works
Much has been written about the system but this is my take on it.
For those that do not know, the system is a progressive betting idea. For example if you bet 1$ of the flip of a coin the odds are 50/50. With this system you must continue progressively betting on the same outcome whether it is heads or tails. Let’s assume the wager was on heads.