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Ah I see! 11 bets against you and you're already up to a cumulative $2,047 for a potential $1 pay out! Still, I guess in theory you can't argue that it's a guaranteed system, albeit with a horrible rate of return for your $ and time required! :D

From his page: Ha, this is why I don't gamble any more - looks like you have to win sooner or later assuming you have enough cash to keep doubling your bet. And then you win your $1, or I guess if you do it in multiples of $10, you win $10 at least. OK I give, what am I missing - why is...