Martingale - Double or Nothing ?!
This is one Roulette online strategy which is good in theory but could turn you dirt poor in real life. The strategy goes like the player would double his bet after every loss. When the player finally wins, the player will get a bigger break and will gain a whole lot of profit which is more than equal to his original bet.
For example, if you bet $2 at first and lose, you will bet $4 on the next spin. If you lose again, you will be $8. If you lose again, bet $16 and so on and so forth. Bet until you lose all your money. This is one of the riskiest strategies in Roulette. There are some similar strategies when playing Online Blackjack too, but not as extreme as this one. If you'll fall to the wrong cards, you'll end the game poor in no time.. or win as big as you ever did..
Once the player wins, he can go back to his original bet level of $2 and start again. In theory, it may sound good, but in practice you can actually run to large numbers after every spin very quickly and you can easily lose your money in just a few spins. Even if $2 is your starting point, just after 7 spins and you’ll be betting $216. After 8 spins, you’ll be betting on $432. Streaks of 7 or 8 losses are not uncommon in roulette and if the table has a maximum of $500, you might not be able to cut your losses.
