Trader724 wrote: ↑Thu May 20, 2021 12:09 am
Depending on how you use Martingale, it can be beneficial under certain conditions but not in the way people think. The chances of doubling a sum of money with the Martingale betting system in which the chances of a single bet being won are 50%, are 1 / e, ie ~ 37%. It is obvious that you better bet the whole amount on a single bet with 50/50 chances.
right place at the right time.
Spot a bias on ( European)roulette wheel, 30 blacks in a row ( which happens more often if you play for long enough) , put your martingale on a red and you get yourself 9 more chances to double or burst .... bell 🛎 curves and p values working in your favour.
Every trading plan/ staking plan has got the market for it .