Would this work: Say a gambler had a large supply of money to work with (100,000+). He had a goal of money to win per day (say 10,000). He could bet his 10,000, and if he lost, then bet 20,000 to cover the money lost and still get the goal for the day. If he lost again, then he would bet 40,000 (cover losses, still attain goal). Eventually a win would secure his goal and cover his loses, granted that his cash supply was large enough. Would it work?
2007-06-02 04:40:31 · 14 answers · asked by Anonymous in Games & Recreation ➔ Gambling
A gambler with a very large amount of money can and will lose using the system you outlined. (It is called a Martingale system.)
A gambler with a larger amount of money will lose less often, but the loss will be greater when he does lose.
For more information see
http://casinogambling.about.com/od/moneymanagement/a/martingale.htm
2007-06-02 08:44:34 · answer #1 · answered by zman492 7 · 0⤊ 0⤋
1
2016-06-10 19:58:46 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Yes and no. I used to do this exact method on Baseball. I picked one team (Yankees) and bet 20 per game. If I lost then the next day I would bet 40 and so on. However, with the juice and the lines it isn't a straight 20-40-80 bet. One time I went up to 320 and I actually lost money from the original 20 I played with. Although, losing 32 versus 640 was ok in my book. I started half way thru the season and wound up winning close to 600. But my bankroll was so small that if they lost 6 in a row I was busted. If you can do this same setup and be able to cover 12 games. You would never lose. I guarantee it.
2007-06-02 09:58:32 · answer #3 · answered by Anonymous · 0⤊ 1⤋
I was a BJ dealer for 10 years and you have the odds right on the money. In every game, the house has an edge , more so on some games than others. Bacarat is the most even odds, next is BJ. Carnival games ( 3 Card Poker, Caribbean Stud, Pai Gow, etc. are the worst odds in the casino, along with Roulette. Never place a side bet on any game. They are definitely House bets. Always go with a positive attitude, but also know you will probably leave without the money you took to play with. It's entertainment and that's what one has to realize when one is gambling. Good luck and have fun!
2016-04-01 11:28:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If he had 100,000 and betting 10K a shot a -10 differential in units is not far fetched.
But the chances of losing when you have a 60% chance of winning is not great, but imagine he bet on sports and if he lost he chased back.
5,000 and loses (40% chance, -5,000 so far)
10,000 and loses (*.4x.4 = 16% chance - 15,000 so far)
20,000 and loses (.4x16 = 6.4% chance - 35,000 so far)
40,000 and loses (.064x.4=2.56% chance - 75,000 so far)
FINAL 25,000 and loses (2.56% x 40% = 1%)
EVERY 100 times a gambler made this play he will lose
Remember it is 14million to 1 to win a 49 number based lottery with 6 numbers and people win, so those odds will come into play.
This method has a high chance of winning a little bit and going broke is always possible, but rare.
2007-06-02 07:50:14 · answer #5 · answered by s8o098 3 · 0⤊ 1⤋
If your talking about blackjack,
Your bank roll would have to be bigger than 100,000 though. Sometimes in blackjack you lose more than six hands in a row, and by that time you would be at the max table bet. If there wasn't a table max, then it would work.
You can always try it out at a $10 table first, with the max bet of $200
2007-06-02 05:42:28 · answer #6 · answered by dodgechick_05 4 · 0⤊ 0⤋
It would be a bad idea. Look at this from an investment perspective, would you spend $10,000 with the expectation of losing it and ready to reinvest in the same thing with another $20,000 if it failed?
Another issue is this, the game is always in the casino's favor.
2007-06-02 04:49:15 · answer #7 · answered by alloy chad 1 · 0⤊ 0⤋
The odds are always against the gambler. Remember that if a coin is flipped 49,999 times and it comes up heads 49,999 times the odds of the 50,000th flip coming up heads is still 50/50.
2007-06-02 04:51:19 · answer #8 · answered by prusa1237 7 · 0⤊ 0⤋
I know a couple that are very industrious, but have lost their fortune in Vegas and had to rebuild more than once. It's probably not a good idea to try it. The stock market is probably a better bet!
2007-06-02 04:45:05 · answer #9 · answered by karenhar 5 · 0⤊ 1⤋
The odds are in the House's favor. The gambler may be able to lengthen or shorten the amount of time it takes to lose all his money, but he will ultimately lose it all if he continues to gamble.
2007-06-02 04:49:01 · answer #10 · answered by Anonymous · 0⤊ 1⤋