Gambling is fun, but most people think they can win money on it. On average, money is always lost on gambling, but that doesn't mean few lucky people won't win big wins here and there.
However, one of biggest scams in gambling is the Martingale gambling system.
For those not familiar with it, Martingale basically says to double bet after each loss.
So the bets go in a way: 1, 2, 4, 8, 16...ect. until victory which then theoretically recovers all previously lost money and earns profit of 1+.
The problem with this gambling system is in two things. The first and most obvious problem is that sooner or later you will enter a losing streak which your money won't be able to cover. With the losing streak of merely 10 losses in a row, your expenses already skyrocket into hundreds of dollars, and soon you reach a point where you are unable to continue.
But that isn't really a big issue for someone who has lots of money.
Second issue, biggest issue with Martingale gambling system is that even if you win, you aren't winning anything.
Your profit is literally only 1$ per victory, no matter how long the streak is.
So someone who has enough money to actually do Martingale to the full would still find it extremely low yielding.
Again, every time you win, your profit is merely 1$, but if you lose, you potentially lose thousands.
So the system is actually retarded. It's made to quickly part fool and his money.
When I do gambling, I use a different system. Now, keep in mind that no system will win you money in gambling on average, but some systems are much less retarded than the others.
I use two systems:
One is 1 3 9 bet pattern.
I first bet 1, then if I lose, I bet 3, and then if I lose there, then I bet 9. And if I lose at 9, I quit.
The advantage of this system is that you actually have 86% chance to win something each time you play even if odds are 47% to win per bet, and you are not winning merely 1$ per play each time. Of course, the 14% of time when you lose, you still lose about 13$, 47% of the time you win 1$, 24% of the time you win 2$, and 13% of the time you win 5$.
Second system I also like is the scattershot system. You make multiple bets of equal value and equal chance, and the ones which win cover the ones which lose. The more advanced scattershot is 1, 3 and 9 of value different bets so losses are minimized by some wins while there is still a chance you win decent money.
Of course, I do my gambling in Bitcoin and so far luck was on my side mainly cuz I am smart enough not to gamble away more than few cents a day. Bitcoin allows extremely small bets, so it has some advantage over usual gambling systems.