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While the Martingale system can be effective in the short term, it carries significant risks, particularly if a gambler encounters a long losing streak or if they reach the table limit. In this approach, a gambler increases their bet according to the sequence after a loss and decreases it after a win. The sequence starts with 1, 1, 2, 3, 5, 8, and so on, with each number being the sum of the two preceding ones.