13 year old post and nobody has mentioned this is an important plot point in the 1999 film starring Woody Harrelson and Antonio Banderas “Play it to the Bone”. I don’t want to spoil the ending of a 25 year old movie for anyone, but here’s a spoiler: They turn $30k into like $10k. That was a lot of money in 1999.
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.
And what happens if you don't hit your number until the 35th bet? You would win $3,500, but you are down $3,400 from the previous bets. You are only up $100. Which is 1 more bet, not 35 more.
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. But to be honest, I'm not a big fan of roulette. There are other games I prefer. For example, for now, I prefer slots, and I play them pretty often. There are a few online casino sites I like the most, and there I can find nice games and win! Some time ago I came across this page https://gamblizard.ca/best-canadian-online-casinos/best-payout-casino/ which provided me with a lot of new and helpful info about casinos that have the best payout, and there I found two casinos I play now. I read such info from time to time because it's the best way to find a reliable site with good games.
And what happens if you don't hit your number until the 35th bet? You would win $3,500, but you are down $3,400 from the previous bets. You are only up $100. Which is 1 more bet, not 35 more.
I think your strategy needs some work...
I agree, that strategy seems to be not perfect. But in general, I think that everything in gambling and winning is luck. Even with strategies, if you're unlucky, you will lose. I played roulette a few times, and each time I lost. So I just stopped.
As others have noted, it is NOT a winning strategy. I think the expected value of this strategy, assuming an infinite bankroll and not stopping until you win, is negative infinity lol. That’s for any case where the probability of success is less than 50% (and here it’s 9/19).