Has anyone personally ever used this money making method before?

I played roullete for dummy money on line the other week.

I needed ciming up with a betting patter, on something like red, then this lot of dens, then this row... betting $300 per spin, the maximum... I kiilled it...made 000's.. .got bored at about $12k and thought I'd go to another site and do ti there - got wiped out after a about 4 bets (so I logged off that stupid site and signed up with my credit card onthe first ready to make some serious money - ok, not really)

I did change $50 the other w/end at the casino though. Backbetting on blackjack and small win on the money wheel, up to about $300, down/up/down all the way back to my original $50 a couple of time, the last time I decided I was getting tired and went home.
 
OK at the risk of being ostracised I have tried this system a couple of times at a real casino however the difference is that I do not place a bet until there is a run of seven in either black or red. Minimum bet is $25 and the tables have a betting limit of $2,000 which means that if I didn't win within 7 spins I would have a total loss of $3,173. Hey but what's the chances of black 14 times???? :eek:

Anyway, I have won $25 each time within a couple spins. An I wouldn't be going to $1,600 which would be the maximum bet to get back $25 though.
 
Hey but what's the chances of black 14 times???? :eek:

About the same as 14 red or even alternating red and black etc, as one spin is in no way connected to the next spin.

If we are talking bias of the wheel then its still fairly independent as the wheel is configured alternating red and black so even that has no bearing on the odds.

Cheers
 
Hey but what's the chances of black 14 times???? :eek:

The chances of black 14 times are 2^14 or 16384 (if you dont count the zero). But those odds are exactly the same as any other specific combination of 14, for example alternating black & red starting with black.

The thing you need to remember (as handyandy pointed out), is any talk of 14 straight black or any other combination is a distraction. The turns come one at a time, each is totally unrelated to the last or the next, and the odds for each turn are (slightly less than) 50:50.

The way it will work playing this strategy is you will win small profits most of the time, but you will pay it all back and more sooner or later because its a random game with a negative expectancy, ie the odds are stacked against you and you cant change that (legally ;) )
 
It's worth noting that you don't need to follow a specific colour, odd/even, or high low pair. The doubling system is based on doubling between wins, so if you feel better, bet on alternate colours (using the doubling system), or follow the last colour spun by the croupier (which is what I did, and won).
 
that would suck , if you had an unlucky streak of 16 losses in a row, and were ready to plant $130,000 on red to try to win your dollar back only to be told the limit was $100K.

I guess you'd be happy if black came up for the 14th time.

maybe that wouldnt be so bad. You could put 50K on the next 3 rolls which would surely have to be 3 black in a row and end up well in front!

Hey I think I've found a new fool proof system. Anyone know a good marketing agent?
 
FWIW, I'd seen someone playing this "double down" method on Roulette, and thought I'd give it a go.

First time, starting with $20, I made $202 (the rounding is due to putting money on a number rather than a color, and it came through!!)

Beginner's luck - I have definitely given back more since. Can't remember ever coming out of the casino positive since. :eek::D
 
Another explanation to help understand is this:

think of a roulette wheel with no zeros....so you can either roll red or black. 50% probability of rolling either.

now, consider a big barrel containing 5 million red ball bearings and 5 million black ball bearings, all of equal size, shape, and weight.

On the roulette wheel, the probability of rolling half red and half black over 1 trial of 10 rolls is essentially the same as reaching your hand into the barrel blind, and in one go, selecting exactly 5 red and 5 black ball bearings.

The gamblers fallacy is a misunderstanding of reversion to the mean. The mean in these instances is 50% red ball bearings or red roulette spins.

Now the thing is, with the barrel, the probability of pulling out roughly 50% red ball bearings from a small sample such as 10, is a lot lower than from a sample of 20,000 balls.

Why? Variance from the mean is a lot higher with smaller samples of a population. The bigger the sample, the more likely you get reversion to the mean.

Casinos know this, which is why they limit the sample size (total spins) someone can make when trying to play the Martingdale strategy, by capping the maximum bet.

When a gambler expects a red after a run of 6 black, they are expecting reversion to the mean to kick in. Eventually reversion to the mean is more likely to kick in, but it takes a larger sample size than any casino is silly enough to tolerate.
 
sounds good however it's not mathematically possible the peson who wrote this years ago when it did work casinos have been on to this for a long time though.
the casinos that he tells you to singup for send a him commisions which is very lucrative with casinos and gambling goes something like user signups under your affilate or cpa offer deposits the minium $20-$50 depending on the casino you make $150

with that being said I got a bingo offer you can signup for you get $20 free play money I make $5 total free signup :p
 
That's the house "edge". You have a 1/37 chance of green, 18/37 of red and 18/37 black.

%ages are 2.7% green, 48.6% red/black. And if you have 2 greens (0, 00) then obviously that swings just that little further into the house odds (roughly 5%, 47.5%/47.5%.)

Heard a story from a croupier of a run of 36 black in a row. 2[sup]36[/sup] = $68,719,476,736!! :eek:

And a lot of casinos will also have a table limit, so even if you had deep enough pockets to try, you will probably hit the limit fairly quickly.

I suspect that site is set up by affiliates of the casinos, who get paid for every referencable customer they bring in.

smack, bang on!
 
The odds you're saying the roulette has are not quite even all the time. The wheels all have spirit levels on top & some are 'a bit off'. If you can find one of these, there is a bias on that wheel for the ball to keep falling in the same area.

However, the casino switched to teflon balls from ivory years ago. These balls bounce around heaps more & don't fall & 'sit' in the number like they used to. Plus the dealers get told not to 'section spin' as you can actually win a bit with a dealer who does this. They get told to 'vary their spin'...exceptions are in the VIP where the payers spit it if the dealer doesn't spin the same every time.

The tables at Crown come out up by a few thousand for the night whether they're $5 or $25 tables.

However even you think the chances are, they're always in the house's favour. This extends to cutting card decks way in so counters cannot get a good count happenning. And not to mention the good ol' shuffling machines ensuring the cards are in no way close to the order they were in after the deck's been played.
 
.....or just buy 1m worth of Tabcorp shares with a fully franked nett yield of over 9%....and happily spend the $ 90K p.a. living the good life whilst knowing Tabcorp have paid a further 38K p.a. in tax for you, so you'll probably get some of that back to spend as well.


Then you can spend your entire life logged onto SS being a complete knobster.
 
.....or just buy 1m worth of Tabcorp shares with a fully franked nett yield of over 9%....and happily spend the $ 90K p.a. living the good life whilst knowing Tabcorp have paid a further 38K p.a. in tax for you, so you'll probably get some of that back to spend as well.


Then you can spend your entire life logged onto SS being a complete knobster.

Unfortunately, in Tabcorp's game, the govt has the house advantage.
And 9% div sucks if you don't get all your principal back.
 
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