The Martingale Strategy is a betting system that originated in 18th-century France, primarily used in gambling. It operates on the principle of doubling the bet after each loss, with the aim of recovering all previous losses and securing a profit equal to the original stake. While it can be effective in the short term, the strategy carries significant risks, as a long losing streak can lead to substantial financial losses and may exceed table limits. Consequently, while appealing in theory, the Martingale Strategy requires careful consideration and risk management.