If you can find a bet that is guaranteed to consistently lose, you have found a consistent winner?
The airlines make money off slim margins. Charles was just using roulette as a medium to profit.
A few conversions create a winning formula.
Quote from: Mean on Jun 18, 09:07 PM 2021If you can find a bet that is guaranteed to consistently lose, you have found a consistent winner?
No. Cover 37 numbers on American roulette, and you are guaranteed to lose every single bet. Just a stupid example :D
Btw, I don't think there is a strict definition of what is "consistent". To somebody it could mean consistent monthly profit, or weekly, or daily.
Or a consistent win within X number of spins, or within some kind of a cycle.
I have created many systems over the years that were consistent losers, but when I bet the exact opposite, the results didn't change. They were still consistent losers.
Most of you have had it explained many times. But you still either don't understand, or want to.
Quote from: Mean on Jun 18, 09:07 PM 2021
If you can find a bet that is guaranteed to consistently lose, you have found a consistent winner?
The airlines make money off slim margins. Charles was just using roulette as a medium to profit.
A few conversions create a winning formula.
I think you need to increase the accuracy of predictions.
Fact: business consistently loses. 90% of restaurants fail. The successful ones were able to reverse it.
Yes. All systems lose because they are trying to beat the odds. The math cannot be beaten, just the game.
The ultimate betting strategy does work. I have won a thousand dollars in one month without gambling a single penny.
Quote from: Mean on Jul 05, 05:15 AM 2021
Fact: business consistently loses. 90% of restaurants fail. The successful ones were able to reverse it.
Yes. All systems lose because they are trying to beat the odds. The math cannot be beaten, just the game.
The ultimate betting strategy does work. I have won a thousand dollars in one month without gambling a single penny.
No, betting strategies don't work, there isn't even one that works long term. Increased accuracy of predictions do work, kelly criterion is used with it, to help with risk management.