Re: allowing your opponent to martingale you
 

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Why do casinos have a maximum bet limit on EVERY game they offer?

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Because casinos have finite bankrolls, and have to take into account *their own* risk of ruin (and utility of money).

Re: allowing your opponent to martingale you
 

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I didn't hear an answer.

>>>>Why do casinos have a maximum bet limit on EVERY game they offer?<<<<<

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For starters, not every casino has fixed limits, but your point is taken.

"Most" casinos have fixed limits to prevent martingaling. Martingale theory is based upon the likelihood of infinite betting limit. When the betting limit is finite and the net expectation on every bet is negative, then the Martingale system falls apart like a trailer park in a tornado.

Epstein has whole sections of his book on this and related systems in "The Theory of Gambling and Statistical Logic."

Re: allowing your opponent to martingale you
 

The most common way to get burned on a deal like this is when you don't play for cash on each turn. "ok, so I owe you $500 - double or nothin?" Get the cash on the table before each turn and collect it each time you win.

You should already know what max bets you can handle and still maintain your bankroll management for element of ruin. As you win money from the Martingaler your bankroll is increasing so your personal max bet limit will also increase. But only up to a point. When that point is reached you can no longer offer double up bets. You can continue to increase the max bet gradually as you win but doubling up puts you over your personal limit. It doesn't matter whether the Over-Max bet is against the Martingaler you've been beating or against a new player who's just as bad and just walked in the door. If it's over your limit it's over your limit.

PairTheBoard