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#1
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Whats the Martingale system
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#2
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Google is your friend
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#3
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It's where you double your bet after every loss. So each time you make a bet it would put you 1 unit up overall when you win. For example, you bet $1 on red in roulette. If you lose, then you bet $2 next time. If you lose that you would bet $4. Let's say you win that time, then you've lost $3 and won $4 and are now up $1 overall. Obviously this system doesn't work because every single bet you make has a house edge so no matter how you bet you can't win.
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#4
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the bigger reason it fails is because there is a max bet, if there was no max bet and you had an infinite bankroll it would work in theory.
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#5
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[ QUOTE ]
the bigger reason it fails is because there is a max bet, if there was no max bet and you had an infinite bankroll it would work in theory. [/ QUOTE ] No it wouldn't. |
#6
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[ QUOTE ]
[ QUOTE ] the bigger reason it fails is because there is a max bet, if there was no max bet and you had an infinite bankroll it would work in theory. [/ QUOTE ] No it wouldn't. [/ QUOTE ] Yes it would. If you had an infinite bankroll. And if there were no max bet. It is impossible to lose infinity times in a row. |
#7
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[ QUOTE ]
[ QUOTE ] [ QUOTE ] the bigger reason it fails is because there is a max bet, if there was no max bet and you had an infinite bankroll it would work in theory. [/ QUOTE ] No it wouldn't. [/ QUOTE ] Yes it would. If you had an infinite bankroll. And if there were no max bet. It is impossible to lose infinity times in a row. [/ QUOTE ] You type faster than me. |
#8
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[ QUOTE ]
[ QUOTE ] [ QUOTE ] the bigger reason it fails is because there is a max bet, if there was no max bet and you had an infinite bankroll it would work in theory. [/ QUOTE ] No it wouldn't. [/ QUOTE ] Yes it would. If you had an infinite bankroll. And if there were no max bet. It is impossible to lose infinity times in a row. [/ QUOTE ] Yes.. it's impossible to lose infinite times in a row, but if you lose infinite times in a row, you lose infinite dollars. While this seems like a moot point, it's very significant and means that you can't ignore the possibility. |
#9
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but u can lose 100000 times on a row making the martingale -ev. Even if u can bet $82192819829389389139021391283, u are still making a -EV bet.
No matter how big ure bankroll is, u cant make money on the long run making solely -EV bets. |
#10
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[ QUOTE ]
[ QUOTE ] [ QUOTE ] the bigger reason it fails is because there is a max bet, if there was no max bet and you had an infinite bankroll it would work in theory. [/ QUOTE ] No it wouldn't. [/ QUOTE ] Yes it would. If you had an infinite bankroll. And if there were no max bet. It is impossible to lose infinity times in a row. [/ QUOTE ] This is incorrect. There was a thread about this in the SMP forum. I'll try to find it, but basically it said that at any given point the sum off all your wagers would be negative even if you were doing it with an infinite bankroll. |
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