Negative Progression roulette

[outdrwn]

I think I have found a system that could make anyone money, playing roulette. Just pick a color, put down a bet of...200 bucks(or w/e is within your bankroll, which should be about 100X the size of your initial bet). If you win your bet, you quit(profit 200 bucks, from 1 lucky coin toss, basically). If you lose, you bet 400. Win, quit, lose, bet 200+400+200=800. Win, quit, lose, bet 1800. Etc.

Why doesn't everyone do this? Im sure there are plenty of online casino's that would have you even if u did break every casino in vegas regularly. Is there something I'm not seeing?

thanks...

[cardcounter0]

Yap. You are not seeing the little green 0 and 00 on the wheel.
[img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img]

[outdrwn]

There is a casino that has only 1 green spot...you could play there, and I think it would be worth it because even if it landed green every time you could still get away with just one win.

[cardcounter0]

With just one green spot then you lose your money at a rate of AVG BET x 2.6%, or 1/2 as fast as with two green spots.

Let's flip a coin. Heads you win, tails you lose. Bet as much as you want on any flip. Every 38 tosses, you pay me $100. The more you flip, the more times you pay me $100, and eventually I have all your money. You can spread your bets around on the other tosses however you want -- you are going to break even on them in the long run.
[img]/images/graemlins/grin.gif[/img]

[Skipbidder]

[ QUOTE ]
I think I have found a system that could make anyone money, playing roulette.

[/ QUOTE ]

The casinos have already found such a system.
1) Put a roulette wheel in your casino
2) Wait for people to come and play their "system".
3) Profit.

[junkmail3]

He's talking about the Martingle system. (At least I'm pretty sure.)

This is a fine system, if you have unlimited funds, with unlimited wagering ability. If you hit a streak of 11 misses in a row, which isn't too crazy to think of happening, then ... frankly, you're [censored].

And many casinos have limits on bets.

So, basically, your system has you double your bet each time until you win, then you're up one initial bet. Let's use your system ($200 bet with a $20,000 bankroll (100x$200)

Assume you lose each roll (for the sake of 'bad luck'):
Bet 1: $200 Total down: $200
Bet 2: $400 Total down: $600
Bet 3: $800 Total down: $1400
Bet 4: $1600 Total down: $3000
Bet 5: $3200 Total down: $6200
Bet 6: $6400 Total down: $13000
Bet 7: $12800 Total down: $25800

You can only spin the wheel 6 times until you don't have enough money for the next bet to bring you back up to even.

6 rolls ... could it really land on one color that many times in a row? Well ... why not?

Edit: millions --> unlimited

[valenzuela]

practical example:I was 13, and I said ..mmmm Ill see if this system works...I had my monopoly and my european roullete( 1 cero)
I was doing good, and then it happened...I lost 9 times on a row and lost all my playmoney. Then I realized the only way to make money with roullette is to BE THE HOUSE. Of course I started an illegal casino in my middle school with an overwhelming profit of 30 cents.
Theorical demostration: IT doesnt matter if you bet with ur fingers crossed or if u bet praying to god...THE HOUSE HAS AN EDGE OVER YOU!!! IT DOESNT MATTER HOW U PUT UR MONEY , WHEN DO U PUT UR MONEY , HOW MUCH MONEY U PUT OR WHERE DO U PUT IT, THE MATH IS AGAINST U.

[Skipbidder]

[ QUOTE ]
He's talking about the Martingle system. (At least I'm pretty sure.)

This is a fine system, if you have millions.

[/ QUOTE ]

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.

[junkmail3]

[ QUOTE ]
[ QUOTE ]
He's talking about the Martingle system. (At least I'm pretty sure.)

This is a fine system, if you have millions.

[/ QUOTE ]

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.

[/ QUOTE ]

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.

[valenzuela]

If u suppose infinite bankroll, i can suppose infinite losses.