NO LIMIT !!!

[iggiv]

I would bet one number and martingale until it won.

that's an example what would happen to many naive people. Most likely u won't have a bank to go on all the time like this. Most likely u will end up losing your bankroll. Then u may think u need a larger bankroll to win because u never so one number to be absent that or this many times.

but to make money u would need to play a lot like this and huge bankrolls. and finally it would  happen, u would lose all your money.

in reality martingaling does not make sense. To have a bankroll of 10 million and make 200 a day with it does not make sense. that's asking for trouble. Such naive players would  be an easy target be it casino personnel or criminals.

[GARNabby]

It's like "god raising the devil" at a game of poker.  Figure out what infinity is before you go there.

[Bayes]

It would be interesting to see just how long it can take for any street to hit back to back.

Maybe someone can do a simple code to follow the last street hit for a back to back repeat. Then run it over a million spins to see what the longest gap is. Then you'd know what to allow for in the progression.

I haven't written a simulation but the maths shows that the probability of a repeat (betting for ANY street to repeat) is the same as that for any preselected street hitting, ie: 3/37. This makes sense, if you assume that no bet selection is better than any other in the long run, because you're just playing "follow the last" on streets.

That means the longest losing run you can expect is around 170 (the record is 178 I believe).

[Skakus]

Cool.

I'll Build a no limit progression to go 179 spins.


This reminds me of a system I used to play.

1) Bet FTL street 10 tmes with 1 unit, any win start again from 1).

2) After 10 losses bet FTL 2 streets 2 times with 2 units, any win start again from 1).

3) After 2 losses bet FTL 3 streets 1 time with 3 units, any win start again from 1).

4) After 1 loss bet FTL 4 streets 1 time with 5 units, any win start again from 1).

5) After 1 loss bet FTL 5 streets 1 time with 9 units, any win start again from 1).

6) After 1 loss bet FTL 6 streets 1 time with 22 units, any win start again from 1).

7) After 1 loss bet FTL 7 streets 1 time with 60 units, any win start again from 1).

Any loss here and you're bust. The last stage was a bit of a squeeze and the progression stopped here because that was the house limit for streets at the time. You could probably find bigger house limits these days to stretch the progression further.

Ignore the zero's, just keep going and increase the bets/streets when needed.

A bit of fun anyway.

[Bayes]

I think even with no-limit tables it wouldn't be an efficient use of your time. If you had the kind of money that guaranteed wins would demand, you'd probably get a faster rate of return lying on the beach and keeping your bankroll in some kind of investment plan or even a plain 'ol bank with 5% interest.

[Bayes]

Just for fun, I worked out how much you'd make in a year, given some reasonably optimistic assumptions.

Assumptions:

1. The roulette table generates 60 spins/hour.
2. The house limit is capped at $2,000,000.
3. You play for 8 hours/day, 5 days/week, for 48 weeks (giving yourself 1 month holiday).

The staking is pure martingale, betting on red. 

The house limit only allows 20 double-ups, therefore your bankroll must be $1,048,576

Assuming you win $1 every 2 spins, that's an hourly rate of $30/hour.

So in a year you make 30 x 8 x 5 x 48 = $57,600 

Compare that with 5% interest on your bankroll which is 1,048,576 x 0.05 = $52,429

So for all that work (assuming you don't die of boredom before the end of the year) you make only $5,171 over what you'd make sipping pina coladas on the beach. And remember that 20 of an EC in a row is much less than the record; you're still taking a significant risk.

[GARNabby]

... the record is 178 I believe).

Even then, it won't matter.  Can't construct a very-long progression before you're no longer "treading water".  Just because you don't "get caught" doesn't mean you will "stay afloat".

... or even a plain 'ol bank with 5% interest.

And maybe 10 millions of dollars in the account.  Though they'll charge you that on a simple loan.