a 50% chance of leaving the casino having lost money -1023 worst case and -533 best case, depending of cause when the losing run happend and how much you had allready banked in profit (having played 500 spins)
You're assuming someone plays until the system fails, because they run out of funds, or reach the table limit. Most people will quit with their winnings long before a run of 10 losses like that I am sure.
Someone could quite easily be £100 up and decide to leave the table, and never hit that very rare 10 blacks in a row situation.
I have just checked out one of those roulette programmes on TV and they just had SIX blacks in a row. But then there was a red. So if I had bet on red all those times with this system I would be at a £64 bet, but I would still be £1 up even after 7 spins, because the 7th one was, you guessed it, red!
Oh there's another red, so that would be £2 up now.
And another... thats £3 up.
£4 up now. £5 up now.
That's the programme finished now. £5 up, easy!
Try it yourself, without betting any real money, and see if it works in reality.
You're assuming someone plays until the system fails, because they run out of funds, or reach the table limit. Most people will quit with their winnings long before a run of 10 losses like that I am sure.
Someone could quite easily be £100 up and decide to leave the table, and never hit that very rare 10 blacks in a row situation.
I have just checked out one of those roulette programmes on TV and they just had SIX blacks in a row. But then there was a red. So if I had bet on red all those times with this system I would be at a £64 bet, but I would still be £1 up even after 7 spins, because the 7th one was, you guessed it, red!
Oh there's another red, so that would be £2 up now.
And another... thats £3 up.
£4 up now. £5 up now.
Yeah so your basicaly saying quit while you ahead which is good advice (if you can get ahead that is), but it's hard for most gamblers to do.
Thats why the casino always wins.
If you went to a casino one night with your 1023 and played 100 spins, then yes there is a high chance you would make your 100-00 profit.
If you then quit and never placed a bet again in your life then you would have beaten the casino, well done ,
but how many people actually do this ? and what is really the point? is it really worth the risk cos make no mistake you are risking 1023 to make that 100-00 as there is a chance no matter how small you will hit your bad run of 10 losing bets straight away.
You are betting on random events anything can and will happen.
Say you had your 1023 and you put it all on black, you then have a 49% of doubling your money or a 51% chance of losing your money.
Now image you are using the same 1023 on your martingale system, you need to place 1023 bets to double your money instead of the 1 in the above example,
the odds of you achiving this before hitting a run of 10 are you guessed it exactly the same 49% of winning and 51% of losing.
See what i mean you can not beat the system
and i know what option i would choose
I may well flip one of those roulette shows on on sky and use a pen and paper to replicate the system, just to prove a point
By all means, just make sure you give yourself a financial limit and/or a table limit, and play for several nights. Short-term yes it can make gains but you only need ONE bad run to put you at a big loss.
You're assuming someone plays until the system fails, because they run out of funds, or reach the table limit. Most people will quit with their winnings long before a run of 10 losses like that I am sure.
Someone could quite easily be £100 up and decide to leave the table, and never hit that very rare 10 blacks in a row situation.
I have just checked out one of those roulette programmes on TV and they just had SIX blacks in a row. But then there was a red. So if I had bet on red all those times with this system I would be at a £64 bet, but I would still be £1 up even after 7 spins, because the 7th one was, you guessed it, red!
Oh there's another red, so that would be £2 up now.
And another... thats £3 up.
£4 up now. £5 up now.
That's the programme finished now. £5 up, easy!
Try it yourself, without betting any real money, and see if it works in reality.
If this actually was a winning system nobody would work and/or casino's would be bankrupt.
You only need a bad run of 21 loosing bets in a row to have £1 million in action to win back your losses and your original £1 bet back. That's if you could find a casino anywhere in the world that would let you bet £1 million on red or black.
All that the martingale system does is let you win small amounts often and lose big amounts rarely. The big loss still wipes out your small wins.
Look at at this way you could play roulette every day and say win £100 with your system with a base bet of £1. You would only have to hit a 21 black/red in a row streak once in every 10,000 days (about once every 27 years) to wipe out all your wins when you finally had your million quid on red/black for the 21st time that night. Do you think you could go to a casino every night and dodge a 21 in a row black/red streak for 27 years? If you had a million quid to do this, would you bother trying to win £1 bets at roulette?
The only way martingale can work over the long term is if you have infinite money and table limits are infinite. If that was the case it would be a pointless exercise though, as you already have infinite money.
Basically making lots of negative expectation bets with varying amounts of money can never turn the sum of those bets into a positive expectation. So the house edge is the house edge no matter what betting system you employ.
I used a version of the Martingale system playing blackjack and over the course of 6 months won £1000 and used it to have a holiday in Las Vegas.
I'd start with £1, if I lost i'd bet double etc etc. The most I ever risked on one hand was £64. I was probably very luicky and, as previous posters have pointed out, no system will guarantee you a win. But in my own experience this system worked and i was as happy as a pig in poo.
Just boshed a simple model into excel. The longest streak it's generated so far is 17. On the bright side I didn't look for winning or losing streaks (just streaks) so it might be enough for a kebab and a taxi home.
Alternatively, it might be a bet of £65k to break even!
Martingales suck. Win small, lose big. What could possibly go wrong?
I've personally seen 16 blacks in a row, followed by a green.
Betting on red means you'd need a bankroll of £262,142, placing a final bet of £131,072 to make your £1 profit - not that table limits would ever let you get a bet of that size on of course.
People who think they have roulette and blackjack systems are always entertaining.
I used a version of the Martingale system playing blackjack and over the course of 6 months won £1000 and used it to have a holiday in Las Vegas.
I'd start with £1, if I lost i'd bet double etc etc. The most I ever risked on one hand was £64. I was probably very luicky and, as previous posters have pointed out, no system will guarantee you a win. But in my own experience this system worked and i was as happy as a pig in poo.
Which casino allows a range of stakes which includes £1 and £64? Most would have a maximum which was 5 to 10 times the minimum.
Comments
You're assuming someone plays until the system fails, because they run out of funds, or reach the table limit. Most people will quit with their winnings long before a run of 10 losses like that I am sure.
Someone could quite easily be £100 up and decide to leave the table, and never hit that very rare 10 blacks in a row situation.
I have just checked out one of those roulette programmes on TV and they just had SIX blacks in a row. But then there was a red. So if I had bet on red all those times with this system I would be at a £64 bet, but I would still be £1 up even after 7 spins, because the 7th one was, you guessed it, red!
Oh there's another red, so that would be £2 up now.
And another... thats £3 up.
£4 up now. £5 up now.
That's the programme finished now. £5 up, easy!
Try it yourself, without betting any real money, and see if it works in reality.
Yeah so your basicaly saying quit while you ahead which is good advice (if you can get ahead that is), but it's hard for most gamblers to do.
Thats why the casino always wins.
If you went to a casino one night with your 1023 and played 100 spins, then yes there is a high chance you would make your 100-00 profit.
If you then quit and never placed a bet again in your life then you would have beaten the casino, well done
but how many people actually do this ? and what is really the point? is it really worth the risk cos make no mistake you are risking 1023 to make that 100-00 as there is a chance no matter how small you will hit your bad run of 10 losing bets straight away.
You are betting on random events anything can and will happen.
Say you had your 1023 and you put it all on black, you then have a 49% of doubling your money or a 51% chance of losing your money.
Now image you are using the same 1023 on your martingale system, you need to place 1023 bets to double your money instead of the 1 in the above example,
the odds of you achiving this before hitting a run of 10 are you guessed it exactly the same 49% of winning and 51% of losing.
See what i mean you can not beat the system
and i know what option i would choose
By all means, just make sure you give yourself a financial limit and/or a table limit, and play for several nights. Short-term yes it can make gains but you only need ONE bad run to put you at a big loss.
If this actually was a winning system nobody would work and/or casino's would be bankrupt.
You only need a bad run of 21 loosing bets in a row to have £1 million in action to win back your losses and your original £1 bet back. That's if you could find a casino anywhere in the world that would let you bet £1 million on red or black.
All that the martingale system does is let you win small amounts often and lose big amounts rarely. The big loss still wipes out your small wins.
Look at at this way you could play roulette every day and say win £100 with your system with a base bet of £1. You would only have to hit a 21 black/red in a row streak once in every 10,000 days (about once every 27 years) to wipe out all your wins when you finally had your million quid on red/black for the 21st time that night. Do you think you could go to a casino every night and dodge a 21 in a row black/red streak for 27 years? If you had a million quid to do this, would you bother trying to win £1 bets at roulette?
The only way martingale can work over the long term is if you have infinite money and table limits are infinite. If that was the case it would be a pointless exercise though, as you already have infinite money.
Basically making lots of negative expectation bets with varying amounts of money can never turn the sum of those bets into a positive expectation. So the house edge is the house edge no matter what betting system you employ.
I'd start with £1, if I lost i'd bet double etc etc. The most I ever risked on one hand was £64. I was probably very luicky and, as previous posters have pointed out, no system will guarantee you a win. But in my own experience this system worked and i was as happy as a pig in poo.
Alternatively, it might be a bet of £65k to break even!
Martingales suck. Win small, lose big. What could possibly go wrong?
Betting on red means you'd need a bankroll of £262,142, placing a final bet of £131,072 to make your £1 profit - not that table limits would ever let you get a bet of that size on of course.
People who think they have roulette and blackjack systems are always entertaining.
Which casino allows a range of stakes which includes £1 and £64? Most would have a maximum which was 5 to 10 times the minimum.
Most casino's offer a max bet 100 times the minimum on blackjack games.
Low stakes tables are usually £2-£200 in UK casino's.