John R asked in Games & RecreationGambling · 1 decade ago

Martingale betting system?

I have heard that this betting system is unseccesful, but i need some prove or an explanation of why it would not work. If i was had 5000 to gamble with and go to a blackjack table and bet 5 dollars for the minimum and then double each time, then i could bet 10 times before i went broke. I know there is a max bet on a low table with a 5 dollar min but couldnt i just move to a higher staks table that will accept a bet for 2560. I understand i could potentally be betting thousands to just win 5 dollars, but i believe the chances of lose 10 hands in a row in is about 1/1000. It sounds good to me with those odds.

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  • Anonymous
    1 decade ago
    Best Answer

    What is the point of winning 999 games returning you $4995 in profit and then losing all your profit on a losing 1000th game? that's if you ever reached that 1000th game, it could even be your 1st game you actually lose on, now wouldn't that hurt.

    With your higher stakes theory, well, higher stakes tables require higher min bets.

  • Anonymous
    3 years ago

    1

    Source(s): Sport Betting System http://givitry.info/WinningSportsPredictions
  • Doug
    Lv 5
    1 decade ago

    Yes, the probability of losing ten hands in a row is about 1/1000.

    But when that roughly 1/1000 chance happens, you LOSE $5115. This is assuming you don't double or split anything.

    So...999/1000 times you win $5...yay

    but that 1/1000 times you lose $5115... :(

    So, after ten hands your average win would be:

    (999/1000)*$5 - (1/1000)*$5,115 = -$0.12

    So you should expect to win negative 12 cents!

    Wait...negative cents aren't things you want to win. Yes on average you would lose $0.12 on 10 hands. In reality it would slightly be more than this because the chances of losing 10 hands in a row is slightly larger than 1 in 1000 (but its close enough to make the point).

    Now if you had an infinite bankroll, infinite table limits, and infinite time...then this system could possibly work. Unfortunately none of these things exist to us.

  • Anonymous
    5 years ago

    Do you want to follow a winning sports betting system but don't have time to analyze the stats and probabilities yourself?

    Are you tired of losing by following so called sports guru's that have no clue what they are doing?

    Imagine if you had a fully automated Sports betting robot that not only calculates all the stats and probabilities but also gives you EXACT picks you need to place to win? With EXACT unit sizes! Yes, complete No Brainer.

    Nothing to calculate

    Nothing to worry about

    Human error free winning picks

    Then check this out: https://tr.im/3ZAWe

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  • Anonymous
    5 years ago

    I've been using this sport betting software with great success http://sportbetting.toptips.org

    The system tells you easy to use predictions that makes you win with a high degree of probability (86.5%)

  • Anonymous
    1 decade ago

    Actually the martingale system can be very profitable. There is a blog that I discovered about it that has been making me an average of $16-$20 an hour. Here it is if you are interested http://blackjackbettingstrategies.blogspot.com/

    cheers

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