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A Martingale System is one that promises winning results, and you will win most of the time, but just one loss can wipe out all of your winnings, and more. It simply states that you double your bet upon a loss until you are winning again. So if you bet $25 on the pass line, for example, and lose, your next bet on the pass line would be $50. Then $100.Then $200, then $400, and then... you hit the table limit of $500, so no more bets.
Casinos (both internet and land based) are well aware of Martingale systems, which is why they have posted minimum and maximum bets. A $25 bet minimum and a $500 bet maximum means you can only go five levels - $25, $50, $100, $200 and $400.
Of course, if you start out at only $5 you can go seven full levels - $5, $10, $20, $40, $80, $160, and $320 before you hit the $500 maximum. But if you happen to lose at the seventh level you don't just lose the $320, but all of the other bets as well, for a total of $635! Besides, when you bet the Martingale, you are just trying to get even, in order to recoup your losses. So even if you win, you end up just a little ahead, but is it really worth the huge risk? If you lose the first six bets ($5+$10+$20+$40+$80+$160' $315) and win the seventh bet ($320) you will be ahead exactly $5.
However, there are other Martingales besides the system described above, which provide better results for craps pros. In the AGrand Martingale, you not only double your bet but add one more dollar to it. So your $5 flat bet progression is now $5, $11, $23, $47, $95, $191, $383.
You still end up capping at the seventh level. And you end up losing more if you lose all seven bets in a row - a lot more - your total loss now is $755! However if you lose the first six bets ($5 + $11 + $23 + $47 + $95 + $191' $372) and win the seventh bet ($383) you are ahead by a whole eleven dollars - not much, but more than the regular Martingale.
The third variation of this system is called the AShort Martingale. It is similar to the Grand one only, well, shorter. You only play for four levels and then if you lose you quit. Your progression would be the same as the Grand Martingale – double your bet and add $1 to it. So your bets would be $5, $11, $23, and $47. If you lose the first three ($5 + $11 + $23 ' $39) and win the forth ($47) you will be ahead by $8, and you have less money at risk.
The fourth and best version is the ARotating Martingale. You use the same progression as the Short Martingale ($5, $11, $23, and $47), only you double your bet and add one to it when you win and decrease it the same way when you lose. This is different from the other three versions and is sometimes referred to as the AReverse Martingale, because you increase your bets when you win and decrease them when you lose.
Most craps experts agree that the way to profits lies in taking advantage of streaks. When a positive streak occurs you would be able to take advantage of it when your bets are going up, not down. The other Martingales suggest you increase your bets while losing, but the Reverse Martingale increases your bets while winning, which will enable you to latch on to a winning streak. You only have five bets to make and if you win all five you’ll win $5 + $11 + $23 + $47, or $86.
Let’s see what happens if you lose a bet. For example, you start with $5 on the pass line and win, so your next bet is $11. You win again so your third bet is $23. You lose this one so go back to the $11 level. Now you win this so go back up to $23, win, bet $47 and win that also. You won $5 + $11 + $11 + $23 + $47, or $97, and lost only $23, so your net win is $74.
If you ever get down to zero you should quit or switch to the don't pass side. Your game ends when you bet at the fourth level ($47) and win.
Martingales are not for everyone, and if you want to try any of these four systems you should find a very low limit ($1 or less) table and try it out there before you use $5 wagers. These low limit tables are usually available at local casinos during week day mornings. Or you can play at a free internet casino and try out this system to see if it works for you!
And, as always, good luck at the tables!
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