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Casino Industry Glossary

Martingale

Betting Systems, Strategies & Mathematics

A negative progression where bets double after each loss until a win recovers all losses.

In practice

Risky; requires unlimited bankroll and no table limits (both unrealistic).

More in Betting Systems, Strategies & Mathematics

Labouchere·Gambler's Fallacy·D'Alembert·House Edge·Paroli·Fibonacci System·Variance·Card Counting

One entry from the Casino Industry Glossary — 1,157 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.