Mathochist
Sorry for mis-spelling your name. Then again if you’ll notice in another posting, I incorrectly spelled “Chhuck-A-Luck” - (with an extra ‘h’). Maybe my keyboard has problems with that particular letter. LOL
But seriously, it’s a good idea you posted what you did because some folks might have taken me seriously - especially since it seems that some folks still aren’t convinced that the Martingale system is a loser.
Well, I’m going to the link about the “Caro system” and memorize it thoroughly before I go to Vegas and break the bank. LOL
Ellis Dee, thanks for your explanatory post on betting methods and strategies for Craps. I’ve never understood Craps enough to play (though my friends all claim it’s simple). I must have some mental block. Your suggestions on how to approach the game are within my grasp.
I’m going to print this out and try my luck at the game next time.
Incorrect. You can always move to a different table, or go down to Binion’s where they’ll accept as large a bet as you want (but you can only do that once, as your first bet determines your minimum for large bets).
One thing that never got answered to my satisfaction on this boards.
Assume you have an infinite bankroll and you play a modified roulette in which there is a 50% chance of gaining $1 and a 50% chance of loosing $2. Given an infinite amount of plays, will you always reach +$1000 at some point in your play?
If you think about it for a minute, given an infinite bankroll and an infinite number of plays you will reach every number an infinite number of times.
I’m thinking that if I had an infinite amount of money, standing by a roulette table for for, oh say, 2-300 years trying to win $1,000 wouldn’t have much appeal.
Fine. I have no idea where I would find a list of Vegas casino roulette table limits. Any ideas on how I could find out if there isn’t one table in Vegas with a $100,000 limit?
Well, some of the Big Casinos on the Strip have high-roller rooms where you might find some serious high-limit gambling, but I’d be willing to bet that the minimum is also pretty high as well.
But the “First bet’s your limit” rule went out when Ted Binion died and Becky took over the joint. She dropped the limits pretty severely, cut way back on comps drove off all the big-money gamblers and turned the joint into a flea circus.
Unfortunately they got nicked by the rozzers. I think their scam involved using phone cameras to monitor how and where and with what speed the dealer threw the ball into the wheel. They then had their phone/computer do some statistical jiggery pokery to work out which side of the wheel the ball would end up on and bet accordingly.
Not neccesarily, because it’s an unfair game (lose $2 for every $1 gained), your getting further and further away from your target as you continue playing so it’s not as simple as that.
Not a chance. The house can’t lose on the game you’re describing. You’re making an erroneous assumptions, which is that you can add the probability of a 3 showing up on each of the dice : 1 die = 1/6 chance , 2 dice = 2/6 chance, 3 dice = 3/6=1/2 chance of winning which would even out the game.
This is blatantly false if you notice that if this reasonning was correct, with 6 dice, you’d have a 6/6, or 100% chance of winning. And obviously, it can be that no 3 will turn up, even if you throw 6 dice (actually, you only have something like 66% chance of a 3 turning up when you throw 6 dice) . You don’t add probabilities this way.
You (and people in general) should have a little more faith in people making their living with gambling. They aren’t naive, and won’t “suddenly realize” that a game is making them losing money. They would know it beforehand, and wouldn’t implement the game, or in a case of incredible incompetence by the casino manager, they would not notice it extremely quickly (probably before the end of the first day, given the number of bets) and would phase it out immediatly. And if for some weird reason they didn’t, the word would spread quickly, people would come to play to this game and win money by busloads, and the casino would go broke in a matter of months, if not weeks.
To sum up, if a game exist in a casino, there’s no wayany system will result in you beating the house (except cheating and perhaps bribery). If some system seems attractive, it’s only because you didn’t think enough about it (casino owners did, you can be sure of it)
Given an infinite bankroll and an infinite amount of plays, eventually, you’ll (probably) hit every number.
Given a finite number of plays, there is a non-zero chance you’ll hit any number. Well, almost. Given n games, the maximum you can be ahead is $n, and the maximum you can be behind is $2n. Within those limits, there’s a non-zero chance to be on any number (e.g. by playing 1,000,000 games, it would be POSSIBLE to be behind by $2,000,000. The chances of that would be .5[sup]1,000,000[/sup].
Doubt it. In order for a Martingale to work, you should have at your disposal an infinite amount of money. And all house will necessarily have some sort of limit, even if this limit is incredibly high for us mere mortals. You couldn’t find any casino which would accept that Bill Gates would bet his whole fortune on black, for instance, since it couldn’t pay it back. Or perhaps they should : 1/2 chance of the company going bankrupt, and 1/2 of winning Bill Gates fortune, which is certainly a good deal.
If there really wasn’t a limit, and you had unlimited money, the martingale would work (actually anything would work, since you could just leave as soon as you have a net gain, which would necessarily happen at some point).
