27 Jun 08
Originally posted by forkedknightThen my point (2) holds. If your not permitted to bet any 2^n dollar, then you will eventually lose all what you have. And (4) too, if it's not permitted by the casino.
Yes, see my thread titled "Blackjack" if you care to look at this further. You need a table that will allow a bet range between $1 and $2048 (unheard of -- most casinos allow $5-100 for the cheap tables) in order to have a 23% chance to win $2048. That betting strategy just doesn't hold up in a real casino.
I've never been to a casino, well, I've never bet anything anyway.
27 Jun 08
Originally posted by eatmybishopThis is called the Martingale betting system, and it has been used and marketed to the unwary countless times - since the 18th century in France, according to Wikipedia:
yes, of course, i forgot about that... i guess this is why card counting comes in handy....
how about if i bet $1 and lose, i bet $2, if i lose i bet $4... etc.... surely eventually i would win and win my money back... i'm sure this is nothing new but wondered why more people dont do it
http://en.wikipedia.org/wiki/Martingale_(betting_system)
The problem is it doesn't change the house advantage one bit, it just makes the bankroll swings much more extreme. The Wizard has an article on this, too:
http://wizardofodds.com/gambling/bettingsystems.html
28 Jun 08
Originally posted by forkedknightbut it could be done online
Yes, see my thread titled "Blackjack" if you care to look at this further. You need a table that will allow a bet range between $1 and $2048 (unheard of -- most casinos allow $5-100 for the cheap tables) in order to have a 23% chance to win $2048. That betting strategy just doesn't hold up in a real casino.
29 Jun 08
Originally posted by FabianFnas4. yes, theyll let you bet like this, only because theyll end up taking your money all the same when you do this many, many, many times..
The reason it's not used very much is that (1) you only win $1 each time, (2) you risc losing everything you have with a certain probability (3) It's not fun in the long run and (4) is it permitted in the first hand by the casino?
the first 25 times you might win a tiny bit of money, but then what happens is you eventually lose it all, making it worse of a plan than someone just playing normal
10 Aug 08
1 edit
Originally posted by DejectionThat doesn't matter because the player is not forced to bet everything at once. He can stay in the range where he always has a significant reserve.
Ok, even if the chances were 50/50, even if they are slightly in your favour, if you keep playing the casino will win all your money. If you kept on betting, you would lose because the casinos capital is much greater that yours.
20 Aug 08
They wouldnt have greater odds as such. If they were all splitting the money between them then I guess you could call it "BETTER ODDS OF WINNING"because there are several of them against the dealer. Its just they would know whether to fold or not because they would know what cards each other had, like if the majority of them had high cards in there hands like jacks or 10's etc, then theywould probably take a hit and go for it, all in all they would just have a better idea of what was left in the pack that the dealer has.
20 Aug 08
Originally posted by CoconutIm not saying overall, I'm saying that since the casino has relativley infinite amount of money compared to the player, the player will lose all his money first, and thus be unable to continue playing. Unfair, but that's what happens if you keep on gambling, again and again (many gamblers seem to do this).
uh. no. If the odds are slightly in your favor, you will win overall.