I read and hear how some apply the Martingale to their wagering.
All fine and good until the great shoe comes for some and the most horrible shoe that will wipe you out. 5's, 6's and 7's that you will lose on, no matter what they are, does not matter. Repeats, Chops, 1s and 2s, etc. It is not that hard to lose 5-6 or 7 wagers in a row or spaced out, not at all. For those of you that never did, you sure have not played very long at all.
At a beginning wager of only $50.00, it would look like this.
$1,600.00 <<<< 6th wager
For 7 lost wagers/ Just say 6 were lost. You would have put up and lost $3,150.00 over a $50.00 wager. It would take you 63 flat wagers of $50.00 wins, to get your lost $3,150.00 back! Huge downfall, IMO.
Say you started with $150.00 wager and lost, it would look like this:
$4,800.00 <<<<< 6th wager
For 6 lost wagers, you would have lost $9,450.00. It would take you 63 wins at a flat $150.00 to get your lost money back. Huge once again!
Personally my limit on a Marty attempt would be 2, possibly 3 in rare circumstances. I am a firm believer in, when it is losing time, it is losing time no matter what you try to do.
I am so tired of seeing the false spread of rubbish concerning Marty wagering to get it all back or even make money. Even with small amounts, under $25.00, there are huge amounts to make up once the Marty fails after like 7 to 10 wagers, etc.
Good cheap talk for those selling systems and false hopes to the newbies, etc. I guess?
Also, I would only perform a Marty with 'win' money currently in front of me, not risking my buy in further than I have to. It is too negative IMO to keep losing in that style and manner with chips from your buy in.