Study 01 · tail risk

Martingale across 100,000 reproducible sessions

A fixed-seed experiment measuring how often a $5 Martingale reaches a $100 target before bankroll or table limits break the progression.

Martingale produces a persuasive session history: frequent small recoveries, a high chance of reaching a modest target, and losses that arrive in a different shape. The result below measures that shape without changing seeds after an inconvenient outcome.

82.85%
Reached +$100
82,848 sessions
17.15%
Progression broke
17,152 sessions
$981.77
Mean terminal bankroll
started at $1,000
$635
90th-percentile drawdown

Method

We ran 100,000 European-wheel sessions. Every session began with $1,000, wagered $5 on red, doubled after a loss, and reset to $5 after a win. A session stopped at +$100, after 250 spins, or when the next required wager exceeded the bankroll or $500 table maximum. Session seeds came from one published master seed and the same two-stage generator used by Engineer mode.

Master seed
0x6d21683b
Wheel
European single-zero
Bankroll / unit
$1,000 / $5
Exit rules
+$100 target; 250-spin cap; $500 table maximum

What the high success rate leaves out

The target rate was 82.85%. Taken alone, that number makes the system look effective. The cost is concentrated in the other 17.15%: the next double no longer fit inside the bankroll. Median terminal bankroll was $1,100, while the mean fell to $981.77. That gap is the tail doing its work. Many sessions banked $100; fewer sessions surrendered enough to pull the average below the starting balance.

Target reached
82,848
Progression broke
17,152
Bar lengths share one scale within this figure. Exact values appear at right.
$1,100$845round 44
One disclosed path (0x5eedc0de). It reached the target after 44 rounds, but fell to $845 first.

Limitations

This is a stopping-rule experiment, not a claim about every possible Martingale. A larger bankroll or table maximum moves the breaking point; it does not remove it. The test models independent, fair spins and ignores casino operating constraints beyond one table maximum. It also calls a progression broken when the prescribed next wager cannot be placed, even if cash remains. That is the correct failure definition for the strategy, but it is not the same as a literal zero balance.

Audit the numbers.The chart data is checked in as plain CSV; the combined snapshot is also available as JSON.

Sources and implementation references