A Goldmine? the winning combination?

Hi,

Lets say you start playing Roulette. lets forget the green one, this is just a scenario. its strictly 50-50% for hitting black / red. if you bet 100 dollar 10.000 times, you will end up with whopping 0$ in income. but...

If you start with.. well.. lets say 100.000 dollars. And you start betting 100 dollar. If you dont win, you double the bet (200) , so if you win (400), you will get back the money you lost at the first bet (100) and the 200 you just bet, and still have 100 to go. After a win, you go back to 100 again.

In short, you double the amount you betted IF you lost the previous bet. Start with 100 dollar again when you win.

The only reason you can lose on, as i can see it, - is the fact that the price you have to bet after losing 10 times is pretty high. 100,200,400,800,1600,3200,6400,12800, 25600, 52000 dollar ... [img]/images/graemlins/smile.gif[/img] However. it is a 0.086% chance you will lose 10 times on a row IF there is 50-50 on black/red.

Is there some reason this wont work? and what is it?

I guess this have been testet 100ths of times , so somebody probably know why this "strategy" doesnt work.

Thanks for your time. [img]/images/graemlins/smile.gif[/img]