Gambling: has anyone had any luck with the Martingale System in casinos?

[Aching Cummers]

http://en.wikipedia.org/wiki/Martingale_(betting_system)

I just won $118 dollars playing black jack at a local casino this morning, and cashed out. I used the martingale system. I'm brainwashed right now, and I am planning to pass by my local casino and win approximately $100 on a daily basis.

Anyone who has experience with the martingale, please give me advice on whether this is worth doing.

[Septimus Prime]

I don't have an infinite supply of money, so no.

Anyway, you live around here, so where do you play? Do you go to that Hawaiian Gardens place near Cerritos?

[DaFlipMastaXV]

If there's a max bet, then the whole system is useless

[Spyro]

In the long run you are probably gonna go even, but it's unlikely unless you use the system, get lucky a few sessions and then quit while ahead.

Depending on how much money you have, the most likely scenario is that you are gonna lose a LOT of money quickly in one or two sessions after many many winning sessions.

I used the martingale system playing red or black in roulette; I went almost a month and a half winning around $150/day, then I lost like 10k in a couple of days.

Since you won, I'm pretty sure you will continue using the system and ignore this post, but if you value your money, stop.

[Chritorisu]

you're like the rest of the us, but you haven't lost yet. so uh, i say you quit.

i used this method (had no idea it was called the Martingale System) for roulette as well, and i was positive i wouldn't lose 7 times in a row.

well it happened.

STOPPPP NOWWW FOOOOOOOOL

[Aching Cummers]

I don't have an infinite supply of money, so no.

Anyway, you live around here, so where do you play? Do you go to that Hawaiian Gardens place near Cerritos?

Septimus: I play at Commerce casino, but I rarely play.



Spyro, How much money do you risk per bet?

i was positive i wouldn't lose 7 times in a row.

well it happened.



how much were you betting per hand?

[Viscant]

Didn't you make literally this exact same thread 2 or 3 years ago (except then your ideal monthly nut was $50 instead of $100). Then when people told you the math behind it factored in with betting limits, bankroll considerations, etc. you realized you were wrong.

Do you just have a lousy memory or are you trolling SRK?

--Jay Snyder
Viscant@aol.com

[Spyro]

Spyro, How much money do you risk per bet?



how much were you betting per hand?

I started at $10 which was the minimum bet, which also gives you the maximum amount of losing spins before you reach the max bet.

As you know of course, every time I lost a spin, I had to double the bet, so it was:

First spin $10, if you lose, second spin $20, lose, next spin $40, lose, next spin $80, lose, next spin $160, lose, next spin $320, lose, next spin $640, lose, next spin (last) you can't double your bet anymore because you exceed the max bet allowed, $1,000.

As you also may know, every time I won a spin, I was only profiting $10, doesn't matter which spin it was.

In the end, you are making some horrendous bets...betting $320 or more to make $10 profit is a very bad bet.

Total loss: $2,270

Get a couple of those streaks and you can see how bad it gets.

EDIT: actually, max bet was $1,600, so next to last spin was $1,280, last one was $1,600. It was even worse.

I once lost 9 straight spins ($5,150 loss) won one spin, then lost 9 straight again ($5,150 loss again).

[Hyuga]

I tried it once in roulette and lost 7 times in a row. Always bet on black my ass....

[Starhammer]

If there's a max bet, then the whole system is useless

true. only once did I ever run across a place where there wasn't a max and I got paid good. Not infinite loot mind you, but just lucky enough to avoid the final loss. I miss Dubai. all of the tables I've seen in the US always have a max and minimum bet. usually, you only get an average of five shots at it before the system busts. in other words, you have to win once within every five hands you play, or you won't make it back on one single hand. A risky strategy even if you have infinite loot.

EDIT: sorry. thought I had already hit the send button before I left the house.

-Starhammer-

[NegroNinja]

Big six, put it all on 1

[Night]

I tried it once in roulette and lost 7 times in a row. Always bet on black my ass....

What's funny about that is if you say, start a bet at $5, you lost 7 times in a row, and say you actually won on the 8th time...

1st bet lost $5
2nd bet lost $10
3rd bet lost $20
4th bet lost $40
5th bet lost $80
6th bet lost $160
7th bet lost $320
8th bet was $640 and you WON!

Congratulations! You spent $1,275 and won 5 bucks!

Then of course if there was a limit, uh oh...

[SF Punker]

What's funny about that is if you say, start a bet at $5, you lost 7 times in a row, and say you actually won on the 8th time...

1st bet lost $5
2nd bet lost $10
3rd bet lost $20
4th bet lost $40
5th bet lost $80
6th bet lost $160
7th bet lost $320
8th bet was $640 and you WON!

Congratulations! You spent $1,275 and won 5 bucks!

Then of course if there was a limit, uh oh...

Exactly why the system may "work", but risking thousands of dollars per bet just to profit a fraction of that? You're better off taking your thousands to the blackjack table (or craps or from what I hear baccarat if you're in Vegas).

[Aching Cummers]

Didn't you make literally this exact same thread 2 or 3 years ago (except then your ideal monthly nut was $50 instead of $100). Then when people told you the math behind it factored in with betting limits, bankroll considerations, etc. you realized you were wrong.

Do you just have a lousy memory or are you trolling SRK?

--Jay Snyder
Viscant@aol.com

geez........... someone's down on their bankroll.

I heard the math, but I wanted to hear real life experiences to UN brainwash me.

Gambling is after all a disease. Some of the most intelligent people I've ever met have potentially bad gambling habits.

But yeah, I'm not going to pursue the martingale, or any other strategy. House always wins in the long run. Might as well keep my money, and play poker for fun with friends at $10 buy ins.

[Chritorisu]

What's funny about that is if you say, start a bet at $5, you lost 7 times in a row, and say you actually won on the 8th time...

1st bet lost $5
2nd bet lost $10
3rd bet lost $20
4th bet lost $40
5th bet lost $80
6th bet lost $160
7th bet lost $320
8th bet was $640 and you WON!

Congratulations! You spent $1,275 and won 5 bucks!

Then of course if there was a limit, uh oh...



this is the reason why it doesn't work. if you are ahead, you are only probably ahead of a fraction of what you could be losing. trust me.. you don't want to get to the point where you are betting $500 to get your fuckin $5 dollars back.

just learn poker or don't go to a casino.

or maybe you can play slots and do a special ritual like smacking the machine 5 times before pulling the lever!

[ToXY]

Ok this isn't about the manrtingale system but a question about baccarat but i don't feel like making a new thread, anyway...

What has the lower house advantage, Baccarat that takes 5% commission off your win, or a commissionless table but only pays you 50% of what you would normally win if banker wins with total of 6?