[RMStanley]

I think that I've anecdotally heard that this wouldn't work, but if somebody wouldn't mind satisfying my drunk (and high) curiosity:

I worked up a rather modest $3000 NFL balance to over $20,000 thanks to a ballsy and drunken bet on Seattle ML and then some college and NBA wagers.

With that kind of balance, why wouldn't this work:

Bet $1 on red at roulette. If it wins you repeat. If it loses you move to $3. Ditto. Up to $7. If lose than up to $15 or whatever.

Basically I worked my balance from $20130 to $20175 in less than 15 minutes by employing this strategy.

Questions as to how this would fail

A) could you really hit black (or green) like 10 times in a row (or whatever it would require to lose a shit-ton)?

B) if you employed this strategy to win over $1000 or $5000 would the sportsbook confiscate your winnings and ban you?

thanks in advance - I realize that bets like this probably have catches - I just can't find one on this.

[tb1984]

It's called Martingale(or chase) betting. Table limit is one of the things that makes this system to fail.

Sportsbooks would not confiscate your winnings or ban you.

[chipper]

Martingale is 1,2,4,8,16.... you are referring to a Grand Martingale where you add one unit each time you double: 1,3,7,15... you win one unit if you win your first bet, two units for your win in your second cycle, three units for a win in your third following two losses, etc., etc. If there were no limits and you had an unlimited bankroll this system would win every time, Unfortunately, the table limit gets hit even faster with the Grand Martingale.

[BCC585]

I think that I've anecdotally heard that this wouldn't work, but if somebody wouldn't mind satisfying my drunk (and high) curiosity:

I worked up a rather modest $3000 NFL balance to over $20,000 thanks to a ballsy and drunken bet on Seattle ML and then some college and NBA wagers.

With that kind of balance, why wouldn't this work:

Bet $1 on red at roulette. If it wins you repeat. If it loses you move to $3. Ditto. Up to $7. If lose than up to $15 or whatever.

Basically I worked my balance from $20130 to $20175 in less than 15 minutes by employing this strategy.

Questions as to how this would fail

A) could you really hit black (or green) like 10 times in a row (or whatever it would require to lose a shit-ton)?

B) if you employed this strategy to win over $1000 or $5000 would the sportsbook confiscate your winnings and ban you?

thanks in advance - I realize that bets like this probably have catches - I just can't find one on this.

I know this post is old but my old roommate ended up losing a ton money like this.
He had a system where if he lost a sports wager, he would play roulette on his book to win back his loss by chasing.
This system worked great throughout the baseball season until one night he was chasing red on a sick black streak. The table limit was a hundred so he kept chasing after he lost his first hundred on the $1 chases. The kid eventually burned a whole season's profit within 5 minutes because he didn't stop.
Honestly that night made me convinced those online casinos are rigged because I feel like the software caught on to his system.
If you do this just change up your routines and for the love of god walk away after you lose a $100.

[Burkina2008]

I know this post is old but my old roommate ended up losing a ton money like this.
He had a system where if he lost a sports wager, he would play roulette on his book to win back his loss by chasing.
This system worked great throughout the baseball season until one night he was chasing red on a sick black streak. The table limit was a hundred so he kept chasing after he lost his first hundred on the $1 chases. The kid eventually burned a whole season's profit within 5 minutes because he didn't stop.
Honestly that night made me convinced those online casinos are rigged because I feel like the software caught on to his system.
If you do this just change up your routines and for the love of god walk away after you lose a $100.

why would the casino cheat on a game they have an edge of 2-3%
7, 8, 9, 10, 11 or more times the same colour is not that unusual... martingale is the oldest system in the world and -EV one of course

[xraygord]

I did this and lost 16 times in a row. lol

[5918mike]

I've made money using a modified martingale betting the thirds on roulette but there are a few musts and you have to be patient enough to grind out $1 winners but can easily gain $100 an hour conservatively. 1-1-2-3-4-6-9..etc will gain you 1 to 2 units on the win and give you a longer run. You need a large enough bankroll to absorb a long run. You need a large betting range, min to max. At least minimum $1 to maximum $1000, I won't play anything less. Right now I'm killing one that has $1 to $2500. The last is a fast play option, roulette will just drag on without the ability to get numbers fast.

Even with that and 10+ years of playing I've seen strings come up that I never thought possible

[Slanina]

Just bet $1 on black and $1 on red for about 30 minutes. You'll lose a few bucks when zero pops, but you'll see how often 10-15-20 of the same color comes up. This method has been tried over and over by people. It has never worked once in the long run.

[tberk3333]

I realize this is a very old thread, but still wanted to chime in. Most of the time, your method would make you money. The mode-average on the martingale betting system is actually positive... but of course the mean-average is not, which means the few times you don't make money, it will be a catastrophic bankrupting that more than cancels out past success. Still, you could probably try it a few times and quick while you are ahead.