martingale strategy

For sure you have heard of the martingale strategy in roulette game? You bet on even money bets and if you loose you double the bet for next round until winning. The loosing streak must end sometime for sure. And when it does you have advantage over the casino - in the height of the starting bet. Right?

In the roulette game the martingale strategy is to bet on even money bets and if you loose you double the bet for next round until winning. The “logics” behind the strategy is that the player should eventually win - no matter how long the loosing streak is. And when he does he has an advantage over the casino of 1 original bet.