Yeah technically the martingale is no worse than any other dodgy system.
But in terms of the damage done I reckon it must be by far the worst. Any given night at the weekend in a B'n'M casino you can see the martingalers. Guys who think they've invented/discovered something that can't lose.
They casually double up and double up without a care in the world (because it worked for them the last time they were in, so now they're staking more for that 'guaranteed profit' and .. oh oh... that run of seven reds that couldn't possibly come in has just come in. Yikes
Cue the inevitable bustout of more than they could afford to lose. The real poison of the martingale is that it will work for a while (albeit with very small winnings relative to bankroll), inspiring higher and higher staking... until the inevitable explosion of pain as Lady luck drops her trousers
To endorse that system on a forum like this, even as a joke, is potentially going to cause problems for newish gamblers reading in good faith
Couldn't agree with you more.I too have seen players using Martingale on the blackjack tables at land based casinos and losing £100's in literally a matter of minutes.You can almost see them saying to themselves 'but i was told this system was foolproof'.As systems go,it is the worst of the worst.