Continuing to Double Bet until you win...

[Pat Southern]

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?

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

[Kaeser]

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

[A_C_Slater]

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!

[ChipWrecked]

[ 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.

[Yeknom58]

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

[Slacker13]

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

[Larimani]

[ 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 ]

[zoobird]

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

[Kaeser]

[ 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...