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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 Γ multiplier^(nβ1); cumulative loss after N straight losses = initial Γ (multiplier^N β 1) Γ· (multiplier β 1). With a 10,000 initial bet at 2x, 10 straight losses produce a cumulative loss of 10,000 Γ (2^10β1) = 10,000 Γ 1,023 = 10,230,000.