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What is the Martingale strategy?
Martingale doubles (or multiplies) your next bet after every loss, so that a single win recovers all prior losses plus a profit equal to the original bet. Bet at step n = initial × multiplier^(n−1); cumulative loss after N straight losses = initial × (multiplier^N − 1) ÷ (multiplier − 1). With a 10,000 initial bet at 2x, 10 straight losses produce a cumulative loss of 10,000 × (2^10−1) = 10,000 × 1,023 = 10,230,000.