Re: Roulette

"Are you kidding" <nowhere@xxxxxxxxxxx> wrote in message
news:OjR3f.23693\$Io.7016@xxxxxxxxxxx
>
> <salmoneous@xxxxxxx> wrote in message
> news:1129306189.542665.101830@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> > Let me guess - you are thinking of playing a system that required
> > increasing bets after each loss. If so, forget it. Such systems are
> > doomed.
>
> Well that wasn't necessarily why I asked but now you have aroused my
> curiosity. What is the system you are referring to and why are they
doomed?

The system most commonly associated with roulette is the "Martingale"
(search for that on Google and you'll find plenty of sites about why its the
best and why it will never work)

Basically you pick an outside even bet (Red/Black, Even/Odd, High/Low) and
place your bet. You bet in levels, with each level being double the
previous level. If you win then you take your winnings and start again at
level 1... if you lose then you move up to the next level (doubling your
previous bet) and keep going until you win. When you finally win you move
back to level 1 and start over again.

An example would be:
You bet \$1 on black. Spin comes up red.
You lose so you double bet and put \$2 on black. Spin comes up red.
You lose so you double bet and put \$4 on black. Spin comes up black.
You won, so you go back to base bet and put \$1 on black...

The problem is that if you hit a bad losing streak your bet starts to go up
very quickly... from \$1 to 2, to 4, to 8, 16, 32, 64, 128, etc...

If you got to the \$128 level then you are effectivly betting \$128 to win
back all the money you lost so far (\$127) plus that initial \$1 bet.

And thats half the problem... a big losing streak and you could be betting
ALOT of money, just to win back that initial small bet.
The other half of the problem is that table limits are usually set so that
even after a short losing streak you will hit the table's payout limit.

So if your starting bet was \$5 on a table with a max payout of \$500 then if
you went on a long losing streak your betting would go:
Level 1: \$5
Level 2: \$10
Level 3: \$20
Level 4: \$40
Level 5: \$80
Level 6: \$160
Level 7: \$320
Level 8: \$640

So for the 2 problems above: If you make it to level 7, you are betting a
whopping \$320 in order to win back all the money you lost trying to get back
that intial \$5 bet. And the other problem is that you MUST win by the 7th
level... after that you would be at the table maximum and could only bet
\$500, not the \$640 the system requires you to wager.

.

Relevant Pages

• Re: Roulette
... Spin comes up red. ... > The problem is that if you hit a bad losing streak your bet starts to go ... > If you got to the \$128 level then you are effectivly betting \$128 to win ... > back all the money you lost so far plus that initial \$1 bet. ...
(alt.vacation.las-vegas)
• Re: Roulette
... Spin comes up red. ... The problem is that if you hit a bad losing streak your bet starts to go up ... ALOT of money, just to win back that initial small bet. ... even after a short losing streak you will hit the table's payout limit. ...
(alt.vacation.las-vegas)
• MONEY MAKER SYSTEM
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• Re: Pete Rose: "I Bet On Baseball Every Night"
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• Mastering Roulette Part 5
... This is the final look at progression systems within this series. ... When betting any 6-number group I would recommend that you wait until ... the most recent spin and find the section that was hit longest ago. ... if it is your first spin and you do not have a record ...
(rec.gambling.craps)