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#11
12-23-2005, 05:29 PM
 Guest Posts: n/a
Re: Martingale for SNGs

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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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No it wouldn't.
#12
12-23-2005, 05:33 PM
 splashpot Senior Member Join Date: Nov 2004 Location: Needham, MA Posts: 425
Re: Martingale for SNGs

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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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No it wouldn't.

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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.
#13
12-23-2005, 05:35 PM
 SuitedSixes Senior Member Join Date: May 2004 Location: AZ Posts: 220
Re: Martingale for SNGs

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[ QUOTE ]
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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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No it wouldn't.

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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.

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You type faster than me.
#14
12-23-2005, 05:41 PM
 KenProspero Senior Member Join Date: Jul 2004 Posts: 123
Re: Martingale for SNGs

What's the difference between using the Martingale System and Card Counting in Black Jack -- I'll tell you

If they catch you counting cards, they'll kick you out of the casino. If they catch you using a Martingale, you can expect lots of comps -- they may even send an airplane to pick you up from whereever you live.
#15
12-23-2005, 05:47 PM
 Guest Posts: n/a
Re: Martingale for SNGs

Unless you play online. Online casino software can detect people using the Martingale system so the system rigs itself and makes you lose.
#16
12-23-2005, 05:56 PM
 The Yugoslavian Senior Member Join Date: Sep 2004 Location: Orange County Posts: 130
Re: Martingale for SNGs

Perhaps the OP really means a sort of 'step' type approach to STTs.....not really martingale but more like 'parlay'.....there have been some good posts on that as well.

Yugoslav
#17
12-23-2005, 06:03 PM
 Guest Posts: n/a
Re: Martingale for SNGs

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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.

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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.

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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.
#18
12-23-2005, 06:07 PM
 valenzuela Senior Member Join Date: Dec 2004 Posts: 453
Re: Martingale for SNGs

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.
#19
12-23-2005, 06:10 PM
 applejuicekid Member Join Date: Jan 2005 Location: Columbus, OH Posts: 69
Re: Martingale for SNGs

[ 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.

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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.
#20
12-23-2005, 06:30 PM
 wmspringer Senior Member Join Date: Apr 2005 Posts: 254
Re: Martingale for SNGs

At any given point your expectation is negative, yes (assuming a house edge)

However, due to variance there should be times when you are up. Quit during one of those times and you've made money. :-)

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