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Where in Las Vegas can I find $10 minimum outside bets on roulette with at least more than $320 max outside?

  • Ok, so I have been practicing the "Martingale" system with an online roulette simulation game. It is American roulette with 0 and 00. I have played 10 games and I have made my goal of $100 profit each time within about 5 to 12 minutes. I use a bankroll of $310 and I've only had to bet $80 on two occasions to win my losses back. I am going to Vegas with my buddies and my goal is to just make $100 profit on the roulette wheel. Are the chances that I will get to my $100 goal before I hit 5 REDS in a row (I'm playing BLACK) and lose my $310 bankroll likely? I am putting the system to the test with my simulated roulette game and I keep getting to my $100 goal before losing my $310. I keep hearing Martingale is good for short term small profits but just not long term.

  • Answer:

    If you just bet $10 randomly on red or black, over and over, stopping when you were up $100 or down $310, your odds of making the $100 before losing the $310 are EXACTLY the same as they are if you used the Martingale system betting black every time. It does not increase your odds in any way.

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Martingale type of systems are sucker systems. There is a website that shows why it fails. wizardofodds.com If there were a truly reliable betting system to win at the casinos they would simply change the rules. Life is not that easy.

NoSEOPro

Martingale is not good for anything, except to increase revenue for the casino. If it was good for short term small profits, it would be good for long-term steady profits. You are still betting on luck. You will end up risking a lot of money for the possibility of a very small payout. It really is just plain stupid. Every roulette table in Las Vegas has a board that keeps track of the most recent numbers. Walk around the casino and look at how many of them have 5 or more consecutive spins of the same color. All you need to do is hit the one time where the other color comes up 6 times in a row, and you will lose a whole lot of money in a very short time. Think about it this way: If the Martingale was a good strategy, you would be able to play it with a friend. One of you would play red, one of you would play black, and you would both win money. Obviously that can't happen, so you just have to guess which color will make money for you *this* time.

John F

Your odds are 1 in 3 that you will lose 5 times in a row after 23 spins of the wheel. That is unlikely to be enough spins to earn you $100. Your odds are 50%/50% that you will lose 5 times in a row after 36 spins of the wheel. That will probably be enough to earn you $100. Martingale does not improve your odds in any way shape or form. When people say "Martingale is good for short term small profits but just not long term" it is another way of saying if your win goals are very modest you stand a better chance of making them using any betting system including flat betting. Plain old Martingale, as do all betting systems, uses time as a variable. Time only means something to human beings. The balls and dice have no memory, and are unaffected by what happened in the past. The only thing they care about is the odds. A red/black or an even/odd bet in roulette has 18 ways to win and 20 to lose. That is a house advantage of 5.26% (= 2/38) . That is a very big house advantage for an even money bet. May I suggest that you choose a game with a lower house edge. The craps field bet (with a double 12, and a triple 2) has half the house edge of roulette. Also a PASS or DON'T PASS bet if you take "free odds" in craps has the lowest house edge of any pure luck game in the casino. You are much more likely to meet your goal of winning $100 with a bankroll of $320. House advantage is 1.4% or lower depending on how many free odds you take. That is considerably better than 5.26%, Try to find a craps game downtown with a $3 minimum bet. Try the El Cortez or sometimes Binion's. Try an online simulation.

Paco

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