Wrong
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Teddy,
If you wouldn't keep doing it over and over, I assume it's because there comes a point at which your bankroll gets large enough that you are not willing to risk it (which is why some people are answering no, their bankroll is already too large to risk on one shot).
If it's not because it has become too large, then why would you ever stop taking the wager? I know it wouldn't be because after doubling up 4 times in a row, that you's be "due" to miss one... [img]/images/graemlins/wink.gif[/img]
Nigel
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Because it's a classic Martingale pattern. The reason that system doesn't work in a casino is because everyone will eventually go broke. That's why the question here is a little flawed.
So I qualified my answer a bit: as a one-off proposition, i'd do it.
Note: it also depends on what your definition of 'bankroll' is. Even if I lost my entire "bankroll", I'd have sufficient other funds (even if i had to borrow) to start out again on the winning track...i don't know if that's cheating.
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Martingale is a series of slightly -EV bets.
This is a series of very +EV bets.
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