The only man I know of in history that "blow up" the bank/ casino was the billionare Nick the Greek in Monte Carlo casino.He used the Martingale system bet on red/ black to double up his money. He was allowed no limit bet. But the Martingale system is not good to use at casino. Much better chance to be a frequent winner by betting on sports . At a roulette casino it sometimes happen red or black comes up 20-23 times in a row , then you have to go home crying.....
o and another thing..your theory falls flat as all casinos have a MAX BET...so around 1000 u won't be able to double your get anymore....and that's where you LOSE
Martingale, or Progressive, betting is the name. You are in effect dispersing your risk over many small gains or a big loss.
In the long run, you still have an expected loss.
Gambler's ruin.
No. With infinite money, the Martingale is a winning strategy. It makes sense mathematically. You don’t have infinite rolls though.
The infinite money condition has long been solved by the casino industry. Generally, there is a table minimum AND a table maximum. In most cases, you can only double your bet about 6-7x. Far from infinite.
With a table minimum, you will get a total loss at least one per week.
Bet $10 (lose)
Bet $20 (lose)
Bet $40 (lose)
Bet $80 (lose)
Bet $160 (lose)
Bet $320 (lose)
This is only 6 rolls. And you’re down $630. Surely, the table maximum if you can make a $10 bet is probably $250. But best case, a little higher.
No, martingale works if your money is bigger than the opposite side so you can forcefully get them into submission. Since you dont have more than the opposide side and there are bet limits, you will lose all your life savings before you double them, many lives in a row.
Martingale, or Progressive, betting is the name. You are in effect dispersing your risk over many small gains or a big loss.
In the long run, you still have an expected loss.
Gambler's ruin.
No. With infinite money, the Martingale is a winning strategy. It makes sense mathematically. You don’t have infinite rolls though.
The infinite money condition has long been solved by the casino industry. Generally, there is a table minimum AND a table maximum. In most cases, you can only double your bet about 6-7x. Far from infinite.
With a table minimum, you will get a total loss at least one per week.
Bet $10 (lose)
Bet $20 (lose)
Bet $40 (lose)
Bet $80 (lose)
Bet $160 (lose)
Bet $320 (lose)
This is only 6 rolls. And you’re down $630. Surely, the table maximum if you can make a $10 bet is probably $250. But best case, a little higher. And there are so many different other casino games to play, which are actually more interesting to me than Roulette. I still play it from time to time, but not that often. Some time ago, I started playing a new online casino, which is one of the best for me so far. I wrote about it on this site https://terracasino-nz.com/deposit-1-get-20/, where I also read a lot of other info about the best deposit $1 get $20 NZ casino bonuses and found out a lot of new info. And I actually now will read more of such info because it's a good option to find a reliable casino with great bonuses without trying a lot of them.
But unfortunately, we don't have enough money to try all the strategies. I used to play Roulette some time ago, but it's not the bets game for me.
Your first two sentences are correct. Your second sentence is false.
I thought this post was precious. It's like saying your first 2 laps were fast, your second lap was slow.
Anyway.
Bring $3,500 to the casino. Bet $100 on one number, any number.
If it hits, you win $3,500. Walk away.
If you lose, throw another $100 on any number.
Repeat until you win or you are out of money. That's 35 chances to win a 35-1 payout on 38-1 odds. And you don't face any limits. It's always a $100 bet.
If you eventually win, take that $3,500 back the next day and pocket the rest of the money you didn't lose. Keep doing that every day until you do have a day where you lose 35 times in a row. Then never play again. You may have net winnings. The most you will lose overall is $3,500. But you had some fun in the process.
first time in Vegas was changing flights at the Vegas airport on a very tight schedule ( going from CA to TX). I saw slot machines. You could play for five cents (around 1999 maybe?). I had a nickel so I stopped and played. I got the nickel back and put it in my pocket and resumed running to my gate. So I don’t think I used the Martingale system, but I did break even.
went back with family about 10 years later. Did not gamble but enjoyed the shows and a trip to Hoover Dam.