Whats wrong with this gambling system?
#1
Whats wrong with this gambling system?
OK, playing the roulette wheel.
Put £10 on red, and if you lose put £50 on red if you lose again £100 and so on. As long as you don't run out of money, you'll always win won't you?
What have I not taken into account? Can I hand in my resignation?
Put £10 on red, and if you lose put £50 on red if you lose again £100 and so on. As long as you don't run out of money, you'll always win won't you?
What have I not taken into account? Can I hand in my resignation?
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I do similar when I play blackjack, £5 first hand then £10 then £15 then back to £5.
I am sure there is some super math reason why it is rubbish but it works ok for me, I guess all the time you gamble you stand to lose.
I saw this documentary with Brad Pit and George Clooney, They just robbed the place, worked out a lot better for them.
I am sure there is some super math reason why it is rubbish but it works ok for me, I guess all the time you gamble you stand to lose.
I saw this documentary with Brad Pit and George Clooney, They just robbed the place, worked out a lot better for them.
#5
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Because when you do win, you get the same amount back. So if you are doubling your stake, technically you are making up for your loss becuase if you are betting on RED, and BLACK comes in, its only a matter of time before RED does. The law of averages. But you have TWO ways of losing in this method. BLACK or Zero.
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Because when you do win, you get the same amount back. So if you are doubling your stake, technically you are making up for your loss becuase if you are betting on RED, and BLACK comes in, its only a matter of time before RED does. The law of averages. But you have TWO ways of losing in this method. BLACK or Zero.
£10 on Zero everytime after the first couple of goes should do the trick.
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This method would work. However, casinos are not stupid and that is why there is a maximum bet. Once you reach the maximum, what are you going to do?
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Its called 'doubling up' and it doesn't work, because there is always a house limit.
Deep, read this, there are ways to beat the system alledgedly
Can Roulette Be Beaten? Maybe
Deep, read this, there are ways to beat the system alledgedly
Can Roulette Be Beaten? Maybe
Last edited by Jay m A; 19 March 2009 at 02:23 PM.
#13
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the "house" couldnt give a **** if you win, in the short term
the 00 means they will always win in the long run -- just maths (assuming all else is equal)
the 00 is the same as the market delay in online trading coupled with the innate insider dealing -- always puts the amateur at a disadvantage
the 00 means they will always win in the long run -- just maths (assuming all else is equal)
the 00 is the same as the market delay in online trading coupled with the innate insider dealing -- always puts the amateur at a disadvantage
#15
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Just done the maths in excel, doubling each time.
I've worked out that you can only ever be up the amount of your orginal bet.
So if you started on a tenner, doubled that 9 times to 2560 before you actually won. You'll see a return of 5120. But you would have spent 5110. So only a tenner up.
Is that right?
I've worked out that you can only ever be up the amount of your orginal bet.
So if you started on a tenner, doubled that 9 times to 2560 before you actually won. You'll see a return of 5120. But you would have spent 5110. So only a tenner up.
Is that right?
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lol the fact is you only gamble when you have for exmaple £1500 and need £2000
so you think i'll gamble £500 and get the rets quick..
thing is you start winning, get addicted.. get close to the figure you want, then you lose and keeep losing, and you run out of money then you dig more into that money you have just to win again and then you get what you want, but get greedy and thing one or 2 more games then you lose more than you deposited..
lol not worth it, i haev a mate who always plays and wins but just doesnt kno when to stop so loses in long run
so you think i'll gamble £500 and get the rets quick..
thing is you start winning, get addicted.. get close to the figure you want, then you lose and keeep losing, and you run out of money then you dig more into that money you have just to win again and then you get what you want, but get greedy and thing one or 2 more games then you lose more than you deposited..
lol not worth it, i haev a mate who always plays and wins but just doesnt kno when to stop so loses in long run
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Just done the maths in excel, doubling each time.
I've worked out that you can only ever be up the amount of your orginal bet.
So if you started on a tenner, doubled that 9 times to 2560 before you actually won. You'll see a return of 5120. But you would have spent 5110. So only a tenner up.
Is that right?
I've worked out that you can only ever be up the amount of your orginal bet.
So if you started on a tenner, doubled that 9 times to 2560 before you actually won. You'll see a return of 5120. But you would have spent 5110. So only a tenner up.
Is that right?
the one my mate plays in on corol
he does
£50
100
200
400
800
1600
3200
e
etc..
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Look at maths of probability, or simply spin a coin a few times, you'll be surprised the number of consecutive time it comes up the same side.
Really really unwise way to gamble
Last edited by Martin2005; 19 March 2009 at 02:49 PM.
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yep so true ^^
another thing you'll find like my mate, he'll keep doubling up to try and win and realise he's hit the tabel maximum so cant! and therefore wages the table maximum, normally wins but still lost as he hasnt got all the money back..
thing is £1 min bets have a table max of £100 or £200
£5 of £500 etc..
you lose 7 or 8 times ina row and youve hit the table max you wont win!
dont forget when you bet and lose its so easy to run out of money
for example you have £20
bet 1£ you lose you have £19
bet £2 you lose you have £17
bet £4 you have £13 even before you place the bet, so you'll run out without realising, youve really got to think about what yourw illing to bet
another thing you'll find like my mate, he'll keep doubling up to try and win and realise he's hit the tabel maximum so cant! and therefore wages the table maximum, normally wins but still lost as he hasnt got all the money back..
thing is £1 min bets have a table max of £100 or £200
£5 of £500 etc..
you lose 7 or 8 times ina row and youve hit the table max you wont win!
dont forget when you bet and lose its so easy to run out of money
for example you have £20
bet 1£ you lose you have £19
bet £2 you lose you have £17
bet £4 you have £13 even before you place the bet, so you'll run out without realising, youve really got to think about what yourw illing to bet
#23
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You can get very long runs of the same colour more often than you would think. This would take you way past the table/house limit. And that's without zero messing you up.
Someone will know the chances for different sequences e.g the chance of 10 reds in a row is one in xxx
About 20 years ago the Daily Mail did a double up thing on horse favourites at say 2:1 odds. More fun and got some big numbers come up. It eventually distorted the odds by being featured in the paper. It was called Roll-Up IIRC. dl
Someone will know the chances for different sequences e.g the chance of 10 reds in a row is one in xxx
About 20 years ago the Daily Mail did a double up thing on horse favourites at say 2:1 odds. More fun and got some big numbers come up. It eventually distorted the odds by being featured in the paper. It was called Roll-Up IIRC. dl
Last edited by David Lock; 19 March 2009 at 03:30 PM.
#24
Yes, I didn't take into account the maximum limit problem. I knew there had to be an issue, otherwise everybody would be doing it.
For those that use on line sites, whats the usual maximum on the table?
For those that use on line sites, whats the usual maximum on the table?
#25
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It's called the Martingale System and I created an epic thread than ran for many pages about it a few years back. I became so obsessed with it that I sat for hours and hours with a coin flipping it to see how many heads or tales I could get in a row.
The reason the MG system won't work in the long term is the table limits, not the zero or double zero. Whilst the greens are the ultimate source of the casino's edge this system actually kills off that edge and for that reason the table limit is put in place. With no limit and infinite bankroll you would win a sum of money eventually that you'd regard as retirement worthy and then stop. In the long run the table limit ensures this system can't work.
However, that said, in the short term you stand a very good chance of making money. For example, if you went to the casino tonight and played the MG system I'd say that you'd stand a good chance of leaving with more money in your pocket than you came in with. However, if you keep going back eventually you'll hit the table limit (several times) and be unable to put on the bet you need. Then you lose everything back....and some.
The reason the MG system won't work in the long term is the table limits, not the zero or double zero. Whilst the greens are the ultimate source of the casino's edge this system actually kills off that edge and for that reason the table limit is put in place. With no limit and infinite bankroll you would win a sum of money eventually that you'd regard as retirement worthy and then stop. In the long run the table limit ensures this system can't work.
However, that said, in the short term you stand a very good chance of making money. For example, if you went to the casino tonight and played the MG system I'd say that you'd stand a good chance of leaving with more money in your pocket than you came in with. However, if you keep going back eventually you'll hit the table limit (several times) and be unable to put on the bet you need. Then you lose everything back....and some.
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I read a book a few years ago called "Thirteen against the bank". True story of a guy who came up with a winning system and made money but it required sitting at the table for hours and hours on end.
Worth a read though
Worth a read though
#27
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^^^^ If that really is the case and he has an edge from his system then why isn't he doing it online playing multiple sites at once. Playing say 4 tables with zero animation, etc he could probably get through 100+ spins per minute. Even 4h of that would yield 24,000 being more than a normal table probably sees in a several years. Even if his system only had an expectation of £0.01 per spin he'd make £240 per 4h or £60/hr tax free. You'll forgive me for being a little skeptical
#28
It's called the Martingale System and I created an epic thread than ran for many pages about it a few years back. I became so obsessed with it that I sat for hours and hours with a coin flipping it to see how many heads or tales I could get in a row.
The reason the MG system won't work in the long term is the table limits, not the zero or double zero. Whilst the greens are the ultimate source of the casino's edge this system actually kills off that edge and for that reason the table limit is put in place. With no limit and infinite bankroll you would win a sum of money eventually that you'd regard as retirement worthy and then stop. In the long run the table limit ensures this system can't work.
However, that said, in the short term you stand a very good chance of making money. For example, if you went to the casino tonight and played the MG system I'd say that you'd stand a good chance of leaving with more money in your pocket than you came in with. However, if you keep going back eventually you'll hit the table limit (several times) and be unable to put on the bet you need. Then you lose everything back....and some.
The reason the MG system won't work in the long term is the table limits, not the zero or double zero. Whilst the greens are the ultimate source of the casino's edge this system actually kills off that edge and for that reason the table limit is put in place. With no limit and infinite bankroll you would win a sum of money eventually that you'd regard as retirement worthy and then stop. In the long run the table limit ensures this system can't work.
However, that said, in the short term you stand a very good chance of making money. For example, if you went to the casino tonight and played the MG system I'd say that you'd stand a good chance of leaving with more money in your pocket than you came in with. However, if you keep going back eventually you'll hit the table limit (several times) and be unable to put on the bet you need. Then you lose everything back....and some.
Yes, as you say if I were lucky the first few times and won, then I would have some extra reserves to compensate for any future loss by hitting table maximum.
I've read your posts before and its obvious you know alot about this, so can you tell me, what is the usual table maximum for online tables? Also how does relate to the minimum bet allowed on red/black?
I've tried having a look at a few sites but the terms and conditions are so long I can't find the info I want
Many thanks
#30
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Tbh, I've not loaded up casino software of any kind in years so I simply have no clue what the table maximum is. It would take me just as long to download and check as it would you Suffice to say that it won't be enough. During my coin flipping exercise it didn't take long before you were getting strings of 8-12 of the same side in a row. Maybe you should see if they have any penny or play money roulette tables (I have no idea if they do). That way you can play around and experiment on the cheap.
As for the RNG's I personally would have zero issue with any half-way reputable company. I mean, why rig something and risk being busted when that very thing will give you a steady and consistent income flow when 100% honest.
As for the RNG's I personally would have zero issue with any half-way reputable company. I mean, why rig something and risk being busted when that very thing will give you a steady and consistent income flow when 100% honest.