The system inherited it's name after John Henry Martindale, whose name was contorted. However, he didn't use this system himself, only encouraged players to use it in his casino. He wanted to lure players using simple system he thought was airproof. His casino was supposed to get in trouble and went bankrupt. This happened about 200 years ago.
After 100 years, this Martingale system was supposed to bring down the bank of a casino in Monte carlo by the hand of famous gambler Charles Wells. He entered the casino with 4000 francs and left with 1 million. Charles Wells really used the Martingale system, to be exact, his more agressive form, not the classic Martingale.
So, Martingale system truly has a long history but not case where anyone could become rich just using this method is known. During the long period of time, there were many debates about whether the system works or not. We will try and analyze it to find out.
It pays off to combine the systems and it's also good to change the system itself. We tried so called mutations of the system that increase the chance of winning. We will describe all these combinations and mutations here.