The Risks of Martingaling: Doubling Down Is Not Always Winning

Martingaling is a gambling strategy where a player doubles their bet after each loss, hoping to eventually win back their losses with a single win. While the theory suggests that the strategy will ultimately result in a profit, it carries significant risks, including the possibility of going broke, as losses can accumulate beyond a player's cash reserves. Additionally, casinos impose betting limits, which can inhibit this strategy. Despite its allure, martingaling can often result in minimal returns in relation to the stakes involved.