Personal computing discussed
Moderators: askfranklin, renee, emkubed, Captain Ned
Hawkwing74 wrote:But if you keep your bet low?
Hawkwing74 wrote:The issue I have is, how often does such a streak occur? There's no way to determine?
JavaDog wrote:Of course. But personally I'd rather risk it differently. I suppose if you want OK odds on a small gain this strategy is OK, but I'd just as soon play it straight with more normal-sized bets.mattsteg wrote:The strategy's only effective if you are happy contributing to the casino in the long run.
...and most gamblers are. Vegas counts on it.
mattsteg wrote:Of course. But personally I'd rather risk it differently. I suppose if you want OK odds on a small gain this strategy is OK, but I'd just as soon play it straight with more normal-sized bets.
Hellokitty, did you lose a lot of money?
jdevers wrote:Of course it does. I just computed the numbers in that fashion to go along with the strategy's assumption of 50/50 odds. Like you said, the non-red/blakc spaces make a big difference.There is a bit of a problem with Matt's numbers though, your odds of winning are NOT 50/50 on the first and subsequent individual spins. They are 17/36 because there are two non-red/non-black spaces. This isn't a huge advantage on a single spin, but over the course of 5 spins turns into a pretty big house advantage.
Kevin wrote:I know, but it's somewhat different, more practical...or something...I found the link where we talked about this stuff before: viewtopic.php?t=16407
Hawkwing74 wrote:I found this amusing on wikipedia:
http://en.wikipedia.org/wiki/Martingale
It seems that if you're always willing to double your bet, you can't lose money without a bad streak of rolls of the wheel.
Example:
You bet Black for $5. If you lose you bet black for $10. Each time you lose you double your bet. If you win, you should get that bet plus all other bets back.
1st bet - black $5 lose, down $5
2nd bet - black $10 lose, down $15
3rd bet - black $20 lose, down $35
4th bet black $40 win, up $5
I guess the key is not going on a losing streak of more than 5 or 6...
AMM wrote:Why do you think there is a house limit on the amount you can bet?
You cannot win in a casino in the long term, and there are no strategies that work for games of chance (Roulette, Craps etc).