"Gambling is inevitable. No matter what is said or done by advocates or opponents of gambling in all its various forms, it is an activity that is practiced, or tacitly endorsed, by a substantial majority of Americans."
-- Commission on the Review of National Policy toward Gambling, 1976, p.1.
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Systems: Martingale system

No wagering system can consistently beat casino games of pure chance such as craps, but that does not stop hopeful gamblers believing in them. One of the best known systems is the Martingale System, in which the player starts by betting a given amount, for instance $1, and doubles his bet whenever he loses. Upon winning, he starts over at the initial amount. The idea is to realize a net win equal to the initial amount after every eventual win. This system fails because the player will either run out of money after having to double his bet several times in a row after a streak of losing bets, or he will be unable to bet the amount dictated by the system because it would exceed the maximum bet allowed by the casino. The Martingale system also only yields a profit equal to the initial bet amount every time the player wins. If the initial amount is small, the payout from each Martingale sequence will be just as small. (…… to be continued)

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