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.