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Originally Posted by Varius
I have no idea why, but I woke up thinking about roulette (a game I never played).
The thought was this:
Table limits - $1000 min, $100000 max (do such tables exist?)
Pick your color, red or black.
Bet $1000 on that color. If you lose, bet double the amount, again on that color. If you lose, bet double on that color again. Keep doing this until your color comes up and you win $1000 overall.
Example, let's say you pick black and black hits on the 5th bet:
turn1: -$1000
turn2: -$2000
turn3: -$4000
turn4: -$8000
turn5: +$16000
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total: +$1000
Now if the table max is $100,000 that means you can only get 7 turns though (your 7th bet will be $64000).
I'd say your odds on hitting your color in 7 turns are almost as good as you can get though compared to any casino game. If there are tables with $1000 min and higher max, then you can get maybe an 8th or 9th turn as well.
The two issues I see with this theory are the following:
1) You have to have enough cash to keep doubling
2) You can still lose if your color never comes up in 7+ turns
What do you guys think ?
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This does NOT work... trust me on this.
A few years ago one of my brilliant friends tried this exact thing and nearly lost his shirt. He started at $5 and after a few wins it went black (he was betting red obviously) for something like 9 times in a row. When you do the math that was $2500 approx he had on the table.
Theories like this always sound good on paper, but in reality each roll/game is 50/50 red/black (ok, not exactly 50/50 with the 2 green squares) ... so the odds of it going red or black 9 or 10 times in a row isn't nearly as hard as the math would suggest.
Just walk around a few roulette tables one night and you'll see it going one way 6,7,8 times in a row pretty frequently.
The ONLY way to do this is to have a HUGE bankroll when you start and begin with a $5 bet .. that way if it goes 10 in a row against you, you have at least $5000+ ready. The logic of the casino is, no one with $5-10K available is going to waste time on $5 bets...