Continuing to Double Bet until you win...
 

My friend was trying to tell me about a way gamblers can win no matter what they're betting on. Say you make a $100 wager, if you win you quit ($100 profit) or make another $100 wager. If you lose, then your next wager you make $200, if you win that then you start over at $100 ($100 profit). If you lose the $200 bet then you make a $400 bet, if you win you go back to $100 ($100 profit)....

Anybody have any thoughts on this for blackjack, sports betting, etc? Am I missing something other than the fact you'd need a huge bankroll to actually make this work?

Re: Continuing to Double Bet until you win...
 

See the thread right here in this same forum for this method as it relates to roulette: Martingale

Re: Continuing to Double Bet until you win...
 

That link is bad the correct one is here. Martingale Story

Re: Continuing to Double Bet until you win...
 

Your friend is a genuis!

I can't believe that no one else in the history of humanity has ever thought of this sure-fire money making method!

Re: Continuing to Double Bet until you win...
 

[ QUOTE ]
Your friend is a genuis!

I can't believe that no one else in the history of humanity has ever thought of this sure-fire money making method!

[/ QUOTE ]

I can't believe OP has over 1200 posts in a year and a half here and hasn't stumbled across the 'Martingale' concept yet.

Re: Continuing to Double Bet until you win...
 

negative EV is alway negative EV..end of story.

Re: Continuing to Double Bet until you win...
 

It would be great if
1) you had enough money to do so
2) there wasn't a table limit

Re: Continuing to Double Bet until you win...
 

[ QUOTE ]

I can't believe OP has over 1200 posts in a year and a half here and hasn't stumbled across the 'Martingale' concept yet.

[/ QUOTE ]

Re: Continuing to Double Bet until you win...
 

He's actually a pretty knowledgeable tournament poker poster (much more than me). Martingale isn't really relevant for poker.

Re: Continuing to Double Bet until you win...
 

[ QUOTE ]
He's actually a pretty knowledgeable tournament poker poster (much more than me). Martingale isn't really relevant for poker.

[/ QUOTE ]

Now that'd be something to try. Play one hand of 2/4 if you lose go play one hand of 4/8 etc...