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re: Gambling. No lose strategy.
Posted on 6/7/20 at 7:03 am to Jim Rockford
Posted on 6/7/20 at 7:03 am to Jim Rockford
There is a way, but you have to have a large bankroll, and the casino will likely kick you out. It’s doubling your initial bet until you hit then starting the process over.
But casinos kick people out who they see doing this
But casinos kick people out who they see doing this
Posted on 6/7/20 at 7:08 am to lsupride87
quote:
There is a way, but you have to have a large bankroll, and the casino will likely kick you out.
I’m not a gambler, but I think that’s why they usually have maximum bets. You can only double so many times.
Posted on 6/7/20 at 10:21 am to lsupride87
quote:
There is a way, but you have to have a large bankroll, and the casino will likely kick you out. It’s doubling your initial bet until you hit then starting the process over. But casinos kick people out who they see doing this
This is comical. Martingale systems have been repeatedly proven to lose and eventually you are betting thousands of dollars for a minimal win, which is a horrible risk strategy. Not to mention limits on tables prevent this strategy.
Take a $5 bet. With your “ strategy”, after eight hands you are risking $$1275 for a $5 win. And the statistical odds on new deck with no card manipulation would be anywhere from 1.5% to 4% disadvantage depending on the rules. That is not a winning strategy for long term success. And tables with $5 limits don’t have spread limits higher than $1000, maybe $2000, so you cannot go higher than the eighth bet if you lose, which odds are that you will. That is risk of ruin of your BR with a high rate of probability even in the short term and guaranteed in the long run.
Ignoring ties the probability of a new loss for a hand of blackjack is 52.51%. So the probability of losing 8 in a row is . 52518 = 1 in 173. So 1 in 173 times you will be risking $1235 for $5.
Not only would casinos not kick you out, they’d welcome you with open arms because you’d bring in rates similar to their slot machine.
This post was edited on 6/7/20 at 11:31 am
Posted on 6/10/22 at 7:19 pm to lsupride87
quote:
There is a way, but you have to have a large bankroll, and the casino will likely kick you out. It’s doubling your initial bet until you hit then starting the process over. But casinos kick people out who they see doing this
This is what dana white does until he hits a few hundred thousand then he leaves. He has been kicked out of pretty much every casino in vegas
This post was edited on 6/10/22 at 7:20 pm
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