Hi -- I'm new to this board, and I was hoping I could get some advice or comments for my question. I apologize for the length of my email in advance.
I've been practicing a variation on the Martingale progressive betting strategy on my home PC. The software I'm using isn't terribly sophisticated, and it purports to use random shuffling, not casino shuffling. I have added my own modifications to the Martingale strategy in an effort to combat some of its biggest criticisms. Here's how I'm doing it. I'm beginning my bets at $10 and increasing them by $5 with each successive win. When I lose, I pull my bet back to $5 and begin again. I set thresholds from which I start the negative progression based on the size of my theoretical bankroll. When I fall below these thresholds, that's when I begin the Martingale technique of doubling my bets for each successive loss in an effort to get my balance back up to that threshold. As I win after successive progressions, the thresholds rise. I also limit negative progressions to $200 - $500, depending on bankroll size, so as not to risk ruin in the event of a prolonged successive losing streak (one of the harshest criticisms of the Martingale technique). Also, while the $5 increments may seem low, it adds up fairly quickly and certainly helps insure against ruin if one has a bankroll of a decent size.
I hope that makes sense, I tried to explain it the best I could. I came up with the modifications myself, based on nothing in particular besides what I consider to be conservative common sense. The results, at least according to my simple software, have been surprisingly very excellent. So excellent, I'm suspicious that the shuffling feature in my software must favor the player over the dealer. Perhaps not, though. Maybe this really is an effective strategy.
So, my question is, has anyone here ever had any sustained success employing the Martingale technique or variations of it? What are your opinions of it and what has been your experience? Thanks to anyone who can help or who has some comments to contribute.