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.
- Anonymous1 decade agoBest 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.
- Anonymous3 years ago
1Source(s): Sport Betting System http://givitry.info/WinningSportsPredictions
- DougLv 51 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.
- Anonymous5 years ago
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- Anonymous5 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%)
- Anonymous1 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/