What are the flaws in the Martingale System of betting?

The Martingale System is a historic name for doubling up after every loss. In essence, you the gambler double your previous bet (after a loss) to recoup that loss plus win back your initial wager. It is probably-no, IT IS-the worst money management system you can use. You would think, logically, this form of betting is foolproof because you have to win sooner or later. The problem is, you don't have an inexhaustible bankroll, and our friends who own the casinos will limit the maximum size of your wager. Also, ask any gambler you know if six or eight losses in a row is not unusual. I'm experiencing it now with a computer program that picks the pros in football betting.

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