Martingale Progession, a classic roulette system.
The oldest system for beating the roulette wheel is the Martingale Progression. This system has been around a long time for good reason- it makes good use of odds in order to make the most of both wins and losses. This system doesn't rely on lots of wins, needing only one win in order to recoup the losses.
How to use the martingale progression system
The first bet should be small, but the amount is up to you. If that amount is lost, the amount is doubled for the next bet. If the new amount is lost, it is doubled in the next round. Each time a bet is lost, that amount must be doubled in the next round. If there are many losses in a row, it is possible for the necessary bet amount to get extremely high. But, if there is one win at any point then no money has been lost, and there is a small win. The win at the end of a string of losses is the amount of the first bet.
Part of the reason that the Martingale Progression is so popular and venerated is that it does make the assumption of some losses, which most gamblers expect anyway. It also provides a way to keep track of losses and to get back those losses, which is an important part of any gambler's winning strategy. But, there are also several reasons that the Martingale Progression sometimes causes problems.
The pitfalls of the Martingale Progression
Another problem is with the maximum allowable bets on some roulette tables. Perhaps being wise to the Martingale Progression, many tables have a relatively low maximum, often of just a few hundred dollars. After only a few bets this maximum may be reached, leaving the player with no way to continue doubling the bet.
Most people using the Martingale Progression begin with a very small bet in the beginning, perhaps one low-value chip, knowing how quickly doubling will raise the stakes. Because of this, the end result after several losses and one win is still just the small, initial bet. The makes the system low paying in the end, discouraging some from using the system at all.
Is it worth using Martingale Progression in the long run?
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