Re: Negative Progression roulette
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He's talking about the Martingle system. (At least I'm pretty sure.)
This is a fine system, if you have millions.
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No. It is not a fine system if you have millions. There is no betting system that can turn a negative expectation bet into a positive expectation bet.
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I changed my post to say unlimited funds with unlimited wagering ablility. (At which point, why would you want to make small amounts of cash?)
This system will work in the above situation: If you have a 47% chance to hit your color, you're going to hit it. It's that simple. If you double your money every time you lose, until you win, and then start over with the initial bet, you will win. It's that simple. This system can beat the house. Problem is, the house has betting limits (that I'm sure you could get them to wave if you're losing as much money as you are). Other problem is that you have a limited bank roll.
With an unlimited bankroll and unlimited wagering ability, this is a profitable system. Every spin is -EV, but the design of the system is +EV in these conditions.
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