gambling strat

**toastedbread01** · 08-31-07, 09:21 AM

Nothing new here

http://en.wikipedia.org/wiki/Martingale_%28betting_system%29

**Money** · 08-31-07, 10:27 AM

I know anything can happen but I raise my chances of winning with every loss. I have been gambling since 2001 and I have a winning percentage above 60%.

Moneyplays, every bet has a 50/50 chance of winning. This is often mistaken. Just because black has hit 20 times in a row in roulette its got a 50/50 chance of hitting black the next time. This system is risky but can be profitable. If you say you win above 60% then why take the risk? If your making 10+% minus vig then why not keep betting with the same amount bet? If you are true to what you say and you will be profitable. Anyway thats just my two cents. GL the rest of the season and make some money.

**durito** · 08-31-07, 11:43 AM

If you were truly sharp enough to have a winning percentage above 60% you'd know the flaws of the martingale betting "strategy".

Search for posts by Ganchrow, if you'd like a mathematical explanation.

**crackerjack** · 08-31-07, 12:50 PM

It's called the Martingale system. It's been analyzed over and over and it's a LOSER. Basically, following your example, by the 10th bet, you are risking/have risked $1.2 million and if you win, you are still down $50K. Ultimately it fails because the stakes get too high.

Some college buddies and I tried it at the roulette table with very small stakes and walked away winners. But it was a little rough betting $64 knowing that if we won, we were still only up $2 and down $128 (started with a $2 bet). It's just not worth it...we could have lost a ton and barely won enough to cover the buffet.

**Bigcrank23** · 08-31-07, 01:04 PM

If you win the first game do you stay with the same bet for the next game....Plus I dont see the excitement in betting $1000 and winning if you have over a million bankroll...kinda like finding a penny on the ground to me. Plus I have a buddy who swears by this system, we will call him Vinnie the Mush, and in the 10 years I have known him he has never gotten out of the red. But best of luck to you if you try it.

**BuddyBear** · 08-31-07, 02:05 PM

Like the old saying goes, "system players die broke".......

**Dirty D** · 08-31-07, 02:27 PM

Hi. If you are playing with online sportsbooks, you would have a hard time opening up enough accounts to place $256,000 worth of bets on a team.

However, if you are playing in Vegas, this is moot.

Good Luck.

Peace
Ryan

**moneyplays** · 08-31-07, 04:27 PM

Guys, thanks for all the info. I fly to vegas at least once a month so I can bet large amounts. I use offshore when I can't make it but I am getting sick of bodog. No more reload bonus and deposits/withdrawals take forever to clear.

I have a high winning percentage in the nfl, ncaaf, ncaab. I don't bet anything else. MMA sometimes but only if I have some inside information.

I figured the martingale system is a losing system hence why I never tried it.

I think the main thing is not to bet too many games and bet the same amount everytime. I've been doing this for a while and it has worked for me. I get crazy sometimes and lay down a huge bet on the nfl playoffs or superbowl and it has gotten me in trouble a couple of times. It's great when it pays off because then I have the best weekends ever. bottle service, best restaurants etc all on the house.

Anyways, thanks for the information. I'll stick on these forums and see how you guys are doing. I'll start posting my picks as well so you can see my winning % firsthand.

Good luck,
moneyplays