I'm at a roulette table. I only bet on red. When I lose I triple my bet, when I win I restart. Is this a roulette strategy?

Melobol , 5 months ago

To make things worse, Vegas now have triple 0 roulette tables. Three zeros in a row. In the same place.
Do not play Roulette if you want to win.
The only bet in a casino isn't to the casinos favor is on Craps and it's called ODDS. But to get to able to play it you have to win against 1.41% house edge first. And it is capped about 10x or 5x of original bet.

If you want to have the best odds against a casino that is hard work and not solid strategy. Counting cards can make money but honestly the amount of work it requires - you are better on the stock market or even in crypto.

Do not gamble against the casino.

The only reason to gambe is to have fun and safe risk with money you decided to spend and to never see again.

m0darn , 5 months ago

Another way of thinking about it is betting your entire bankroll for 99.9....% certainty that you will win $1.

Say you go into the casino with $1000.

Bet:

$1 lose.
$3 lose.
$9 lose.
$27 lose.
$81 lose.
$243 lose.
$729 oh wait you can't bet that much, you only have $457 left. Dang, do you bet $457 or find another $272? 

Bet $457 and you win $914! Congrats you're now only down $86!
Or maybe you lost and are down $1000.

Or maybe you scrounged up $272 so you could keep playing
Bet 729 and lose. Now you're down $1272.
Or
Bet 729 and you win 1458. Pay back the $272 you borrowed from your buddy, you're still up $186. 
You just bet $729 dollars for a %50 chance of winning $186.

But what are the chances of getting 6 or 7 losses in a row? 1 in 64, or 128 respectively, actually worse because roulette wheels aren't 50/50, they're 18/19 (18 wins and 19 losses in 37 plays on average) or worse. So losing 6 times in a row will happen 1 in 54 plays, 7 losses is 1 in 106.

Google says roulette wheels spin 55 times per hour so with your strategy you will lose your bank roll in about one hour assuming your starting bet is 0.1% of your bank roll.

Anticorp , 5 months ago

I tried the Martingale Strategy in my early 20's, thinking I had invented a system that would actually beat the house. I was playing $1 roulette, and had a budget of $100. I did manage to win $400ish, and then I lost 12 times in a row. I busted on the 9th loss, and went back to betting $1 just to see how long it would take to win. I would have needed $4096 to stay in the positive, and I would have won $1 on that last bet.

DScratch , 5 months ago

This is the Martingale system, it will 100% work if you have infinite money and can bet infinite amounts.

A_A , 5 months ago

You can't have an infinite amount since past a certain mass it will collapse onto itself and create a black hole. (or other practical limits) So eventually you lose anyway.