Quote Originally Posted by Norm View Post
Martingale has only one flaw. It's utter nonsense. As far back as 1854, Thackeray warned against it.
It has some redeeming features. Counters could use it as their betting ramp. Using it as an Oscar grind could occasionally produce some impressive wins coupled with a stop loss. Only a fool would take it to the point of oblivion. I'll look up Thackeray's warning. In essence it's only a series of bets. Example of using it in Oscar's grind: 5,10,20 ,40,20,40,20,10 ,20,10 etc..