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Can someone tell me if my logic is wrong here? In roulette you have 53% chance to lose and a 47% chance to win. Your chances of losing 7 times in a row are 1.2%. Assuming you double your wager each loss to make back the loss, and assuming you bet 100 dollars initially, you need 6400 in initial bank roll to establish your 1.2% chance of loss. Doing this out of 100 trials you would win 100 dollars or go even 98.8% of the time and lose 6400 dollars 1.2% of the time. So if I play 20 or less trials I have an 89% chance to beat the house making some amount of gain.
So basically I'm thinking if I go to a casino once and never go again I'll most likely be able to beat the house, albeit for only around 600-1000 dollars. I kind of want to do it tbqh although it would suck if I lost the 6400.
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>>2006163
I dont know if this is a bait thread... but this is a variation of the martingale system, the casinos know about it, and a table max and minimum stake is brought in to counter this.
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You'll still lose money on average.
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>>2006176
Never heard of it not really a gambler. Surely those limits are just to prevent some billionaire from attempting to run off with a high chunk right? I'm just going in for >1k
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>>2006179
I pointed that out and realize that which is why I made the one time only in my life addition
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I just turned 21 so new to casinos. At first table games were mandarin to me so all i did was play slots, i won like 3k one night on a jackpot but have since then probably broke even. Just started playing roulette and so far i have made about 1k its pretty fun
>tfw once hit 00 and thought i won a shit load but it all just pays $35
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