The Martingale Method.

Basically you chose an initial bet and every loss you double your bet and once you win you go back to your original bet.

I've been researching this and have been wondering that would this be a good method to make money? It seems somewhat fool proof as long as you have the money to do so. From my research if you had $160 and started your initial bet at $5 you would have to lose 6 times in order to lose all of your money and you only have a 0.78% chance to lose 6 times in a row in a game like coinflip or betting red or black in roulette.

Has anyone used a method similar to this?

If you have. Has it worked?

I've tried it a few times and its worked quite well for me only making like $20 or so as I used the $5 initial bet and am hesitant to start with a high bet.

Basically you chose an initial bet and every loss you double your bet and once you win you go back to your original bet.

I've been researching this and have been wondering that would this be a good method to make money? It seems somewhat fool proof as long as you have the money to do so. From my research if you had $160 and started your initial bet at $5 you would have to lose 6 times in order to lose all of your money and you only have a 0.78% chance to lose 6 times in a row in a game like coinflip or betting red or black in roulette.

Has anyone used a method similar to this?

If you have. Has it worked?

I've tried it a few times and its worked quite well for me only making like $20 or so as I used the $5 initial bet and am hesitant to start with a high bet.

kik: illegal