Name
Anti-Martingale

Aka
Doubling Up

Crew
Gambling system sellers and casinos

Victims
Gamblers

The Scam
The Martingale system tells gamblers to double their bet every time they lose so that they can cover past losses with future wins.

The ANTI-martingale system is the exact opposite of the Martingale. In the Anti-Martingale, the gambler will increase their bet after a win and reduce them after a loss. The theory behind this system is that the gambler can take advantage of a 'hot' deck or a 'winning streak'

However, anyone who tries to sell this system to gamblers is a con artist. There is no such thing as a 'winning streak'. In games of chance, a previous win does not make a future win more likely.

Each event occurs independantly of previous events.

Variations
The use of the anti-martingale system in the stockmarket has more validity since the movement of stock prices do not occur independantly of the broader market. The system allows for the investor to take greater risks during periods of growth and less risks at other times.

Take
This will make NO money for a gambler but a con artist who sells the idea as a part of a gambling system could make a tidy packet.

Keywords
Betting systems, gambling

Created by Nicholas J. Johnson
Australia's Honest Con Man
www.conman.com.au


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