I am a gambling beast

[goodle]

Started at 5k today and cashed out at 12k . Surprised more people don't do it.

[Autotune]

I started at 400k today, and ended up with 50k. No wonder more people don't do it.

[Runningfish]

yes and it's all luck... people don't do it because in the end you will lose. Sometimes it's fun though

[Supaskillz]

b/c the odds are stacked against you? that seems like reason enough lol

[Knuckle]

nah odds are stacked in ur favor cuz u just double up go 1pp 2pp 4pp 8pp 16pp 32pp 64pp 128pp 256pp 512pp 1024pp 2048pp 4096pp 8192pp 16384pp 32768pp 65536pp thats how i made 130kpp

[Dr4z3r]

Originally Posted by Knuckle [You must be logged in to view images. Log in or Register.]

nah odds are stacked in ur favor cuz u just double up go 1pp 2pp 4pp 8pp 16pp 32pp 64pp 128pp 256pp 512pp 1024pp 2048pp 4096pp 8192pp 16384pp 32768pp 65536pp thats how i made 130kpp

The Martingale (http://en.wikipedia.org/wiki/Martingale_(betting_system)) is only safe with unlimited 1) Bankroll, 2) Bet Maximum, and 3) Time.

[Knuckle]

Originally Posted by Dr4z3r [You must be logged in to view images. Log in or Register.]

The Martingale (http://en.wikipedia.org/wiki/Martingale_(betting_system)) is only safe with unlimited 1) Bankroll, 2) Bet Maximum, and 3) Time.

wrong + you start over at minimum bet after you win every time in my system. I dont continue to double my bet each time but only after a loss. This ensure that you start at a reasonable rate and decreases the odds for catastrophic loss since you are starting with a low bet untill you get a win. It's only if you get greedy and continue to double your bet after a win that you risk heavy losses.

[Nimblerot]

Originally Posted by Knuckle [You must be logged in to view images. Log in or Register.]

wrong + you start over at minimum bet after you win every time in my system. I dont continue to double my bet each time but only after a loss. This ensure that you start at a reasonable rate and decreases the odds for catastrophic loss since you are starting with a low bet untill you get a win. It's only if you get greedy and continue to double your bet after a win that you risk heavy losses.

There is no system that works for any gambling game where the odds favor the house. Your system might have worked for you, but that's just because you got lucky in the short term.

Its like the dumb people that think that covering every number but a few in roulette gives them better odds. Man, most people that gamble are not only really dumb but they don't even realize how dumb they are. Glad I don't work in one anymore!

[Mcbard]

I've tried to figure out if a proper betting strategy with correct limits would work.

ex: If you're playing a 100pp-1000pp casino and min bet is 50 with increments of 100 you would start low and always bet what you lost. Let's say the rules are 575+ you double, 900+ you triple, and 975+ you win 5x your bet, this is how it would go down:

1. Place 100pp bet (win +100, lose -100) If win start over at step 1, if lose go to 2.
2. Place 100pp bet (win +0, lose -200) If win start over at step 1, if lose go to step 3.
3. Place 200pp bet (win +0, lose -400) If win start over at step 1, if lose go to step 4.
4. Place 400pp bet (win +0, lose -800) If win start over at step 1, if lose go to step 5.
5. Place 800pp bet (win +0, lose -1.6k)

So essentially you would have to lose 5 rolls in a row in order to not break even or be up. All money would be made in small increments at 100pp a time and/or while rolling 900+ (just like in BJ you make them on double downs on hitting BJ). I don't remember my statistics well enough to calculate your odds using this, but with the right minimum increments and the right odds I think it could help.

[Nubben]

In the above game there is no proper betting strategy. The game is basically the same as flipping a coin. If you play it enough times, you and the house will both break even.

Using a bet of 100 to keep the math simple:

57.5% of the time (1 to 574) you will lose 100.
32.5% of the time (575 to 899) you will win 100.
7.5% of the time (900 to 974) you will win 200.
2.5% of the time (975 to 1000) you will win 400.

So each time you bet 100 you will win
(-100*.575) = -57.5
(100*.325) = 32.5
(200*.075) = 15
(400*.025) = 10
(-57.5+32.5+15+10) = 0

This math remains the same no matter what your bet is.

Basically, this game is a big waste of time unless you like betting on coin flips. You might as well just run a casino that is /random 1 2 where a 1 you lose and a 2 you win, you'll end up with the same results in the long run.