The Martingale betting system is a negative progression betting system with a simple premise — double your bet size every time you lose. The long-term logic behind this strategy is that when you ...

Greenwood, Robin, and Luis M. Viceira. "Martingale Asset Management LP in 2008, 130/30 Funds, and a Low-Volatility Strategy (TN)." Harvard Business School Teaching Note 211-079, January 2011. (Revised ...