━ one Martingale player each━ median bank✕ couldn't place the next stake
System
In profit
Stopped
Mean P&L
Median P&L
Mean turnover
Loss as % of turnover
Martingale
19.2%
93.8%
−£49.70
−£470.20
£8,442
-0.59%
Expected: EV per £1 × 100 = -1.00%. Martingale's mean swings more from run to run, because a few huge losses decide it.
Final P&L of every Martingale player
The martingale ladder from a £1000 bank
Loss no.
Stake
Total lost
1
£10.20
£10.20
2
£20.62
£30.82
3
£41.65
£72.47
4
£84.16
£156.63
5
£170.03
£326.66
6
£343.53
£670.20
7
£694.08
can't afford it
A cycle fails with 6 straight losses: 1 in 64, costing £670.20. Every other cycle wins £10. EV per cycle: −£0.63.
Each player starts with £1000 and stops early if they can't cover the next stake. 10,000 players per system; the chart draws 20 of them. Larger runs take a moment.
18+ only. Educational content, not financial or betting advice. Past results do not guarantee future returns. If gambling stops being fun, get free, confidential help at BeGambleAware.org.