Martingale for SNGs
 

Has anyone here ever used the Martingale System for managing his SNG bankroll? How was it?

Re: Martingale for SNGs
 

I think several posters have done something like that; right before they went broke.

p.s. In poker it's called "tilting up."

Re: Martingale for SNGs
 

It's better for roulette. Never fails.

Re: Martingale for SNGs
 

Isn't it weird that there's still poverty in the world despite the Martingale system?

Re: Martingale for SNGs
 

Whats the Martingale system

Re: Martingale for SNGs
 

It's funny, I go to a college that specializes in math and science. Last year a group of guys came up with the brilliant idea of using the Martingale system for roulette, and they went around getting people to join them by investing money and playing. I would hear them explaining to potential investors how it worked and they actually had at least ten people interested. They were so excited and talking about what they were going to do with the money they won. Up until that point I thought about filling them in on what would really happen, but the fact that none of them took the time to do the math made me feel like they deserved to lose. Smart people can be so dumb sometimes.

Re: Martingale for SNGs
 

Google is your friend

Re: Martingale for SNGs
 

Or "Winning the $5 SNG and wondering what to do next"

Re: Martingale for SNGs
 

It's where you double your bet after every loss. So each time you make a bet it would put you 1 unit up overall when you win. For example, you bet $1 on red in roulette. If you lose, then you bet $2 next time. If you lose that you would bet $4. Let's say you win that time, then you've lost $3 and won $4 and are now up $1 overall. Obviously this system doesn't work because every single bet you make has a house edge so no matter how you bet you can't win.

Re: Martingale for SNGs
 

the bigger reason it fails is because there is a max bet, if there was no max bet and you had an infinite bankroll it would work in theory.