Do casinos in vegas allow you to do the martingale system?

**Mikail** · 02-05-11, 04:53 PM

yes they do. Limits vary by casino.

**AlreadyGoinHard** · 02-05-11, 04:54 PM

Originally posted by Mikail

yes they do. Limits vary by casino.

thanx cud u ballpark it for me??? like what are the highest ones on the vegas strip etc. ...

**FourLengthsClear** · 02-05-11, 04:55 PM

Originally posted by AlreadyGoinHard

And also, what are the limits in sports betting at casinos?

also, can someone tell me what the odds are to losing 8 times in a row on a 50/50 chance thanks =)

255 to 1

**BigSpoon** · 02-05-11, 04:55 PM

Why would you want to martingale? You will get buried quick.

**jjgold** · 02-05-11, 04:56 PM

Cannot work because of limits

If there were no limits and you have 500 million dollars martingale could work

Already//////////////lol your going to lose your fukkin house

**AlreadyGoinHard** · 02-05-11, 04:56 PM

Originally posted by BigSpoon

Why would you want to martingale? You will get buried quick.

have a plan for a variant of the martingale

**Mikail** · 02-05-11, 04:57 PM

like most have pointed out it's not a good idea. You can win short term. Hit and runs but don't make it a point of play long term.

**pavyracer** · 02-05-11, 05:00 PM

Well if you plan to do the martingale you better go to the casino with $100,000 and start with $1 bets.

**compaqDikk** · 02-05-11, 05:00 PM

satrudst let me have at it yesterday for 18k

**FourLengthsClear** · 02-05-11, 05:01 PM

1)There are no succesful chase systems in the long run unless the individual plays are +EV.
2) If the individual plays are +EV, chasing/martingale is highly inefficient.

**AlreadyGoinHard** · 02-05-11, 05:02 PM

so just hypothetically, the odds are 255:1 that i lose 8 in a row ... if considering this you start out with 1000 and double your way up to 128,000, then basically odds say you should win $255,000 before you lose the $254,000 that you would have lost the 255th time you ran the martingale ... correct?

**maersksealand** · 02-05-11, 05:02 PM

don't do it...you will lose. They have a limit on the maximum bet.

**AlreadyGoinHard** · 02-05-11, 05:03 PM

Originally posted by maersksealand

don't do it...you will lose. They have a limit on the maximum bet.

yes thats why im asking what the limits are usually but no one has told me yet

**Chimneyfish** · 02-05-11, 05:04 PM

Allow you? I'm sure casinos would prefer it if all their players were using Martingale.

**AlreadyGoinHard** · 02-05-11, 05:05 PM

Originally posted by Chimneyfish

Allow you? I'm sure casinos would prefer it if all their players were using Martingale.

well that makes me happy, now what are the sports betting limits for one game at a casino in vegas?

**Mikail** · 02-05-11, 05:05 PM

My local casino here in SoCal has $1000 table limits on baccarat. If I ever need to make some quick money I go there and martingale starting with $50 bets. I can usually make a quick $500 martingale betting and leave. Pit boss knows me and he knows how I play. It's not a problem at all with the house.

**maersksealand** · 02-05-11, 05:07 PM

Originally posted by AlreadyGoinHard

have a plan for a variant of the martingale

dude...it's easy, you simply can't beat the Casino, is that easy...forget about the idea of making a living by beating the casinos...ain't gonna happen.

**notsosharp** · 02-05-11, 05:08 PM

Lol martingale on baccarat. Becareful, I have seen 23 in a row players. Over 20 in a row bank. fighting the run can be deadly.

**maersksealand** · 02-05-11, 05:10 PM

Originally posted by Chimneyfish

Allow you? I'm sure casinos would prefer it if all their players were using Martingale.

you are correct, they even installed those electronic displays to show the last 16 roulette numbers. Since they did that the revenue at each roulette table grew by double digits.

**Mikail** · 02-05-11, 05:10 PM

Originally posted by notsosharp

Lol martingale on baccarat. Becareful, I have seen 23 in a row players. Over 20 in a row bank. fighting the run can be deadly.

Oh believe me I know. I have been in no man's land quite a few times.

**Jerm3462** · 02-05-11, 05:13 PM

Why are you goons talking about limits?
You can just go to another sportsbook to bet the other half of your bet.

**AlreadyGoinHard** · 02-05-11, 05:14 PM

ok again though, if the odds are to losing 7 times in a row about 128:1 then shouldn't i have already won $128,000 by the time i lose 7 in a row based on the odds?

my point is this, even if you lose 7 in a row you should have already won 128 times by the time you lose based on the odds right? so it evens out correct?

and does anyone now the flipping sports betting limits at the casinos ?!?!

**AlreadyGoinHard** · 02-05-11, 05:14 PM

Originally posted by Jerm3462

Why are you goons talking about limits?
You can just go to another sportsbook to bet the other half of your bet.

thats what i plan on, i mean though instead going to another casino ... but i just wanna know the limit anyways to see how high i can go and how many places i would have to go to

**Jerm3462** · 02-05-11, 05:16 PM

Originally posted by AlreadyGoinHard

and does anyone now the flipping sports betting limits at the casinos ?!?!

See my post above

**FourLengthsClear** · 02-05-11, 05:16 PM

Originally posted by AlreadyGoinHard

so just hypothetically, the odds are 255:1 that i lose 8 in a row ... if considering this you start out with 1000 and double your way up to 128,000, then basically odds say you should win $255,000 before you lose the $254,000 that you would have lost the 255th time you ran the martingale ... correct?

No.
There is about a 60% chance of making it through 256 plays without losing 8 in a row. Based on a 50/50 distribution you would be up by 128 'units' at that point.

I am not sure if you are talking about sportbetting at -110 on nominally 50% outcomes (where you have to more than double each time) or roulette (+100 on a less than 50% outcome) but the mathematics are ALWAYS going to be against you in the long run.

**AlreadyGoinHard** · 02-05-11, 05:16 PM

Originally posted by Jerm3462

See my post above

you fail ... see my post above

**Jerm3462** · 02-05-11, 05:17 PM

That one dude on 60 minutes bets $250,000 and the casino take his bets..I forget which book it was

**Chimneyfish** · 02-05-11, 05:17 PM

Originally posted by AlreadyGoinHard

and does anyone now the flipping sports betting limits at the casinos ?!?!

Yes, they allow you to use the Martingale System in casinos.

**AlreadyGoinHard** · 02-05-11, 05:21 PM

Originally posted by FourLengthsClear

No.
There is about a 60% chance of making it through 256 plays without losing 8 in a row. Based on a 50/50 distribution you would be up by 128 'units' at that point.

I am not sure if you are talking about sportbetting at -110 on nominally 50% outcomes (where you have to more than double each time) or roulette (+100 on a less than 50% outcome) but the mathematics is ALWAYS going to be against you in the long run.

im referring to sports betting ... what if lets say you bet 1100 to win 1000, then 2420 to win 2200 to continue to earn the unit of profit, how much would this end up as at lets say the 7th or 8th time? anyways, i think that would work

also remember though, if i bet the underdog on the money line, it ends up being even more in my favor, of course you could say that's not 50% chance of winning, but see that's the thing with sports betting, the correct probability of winning is only theoretical and made up by the oddsmakers, so if i am better than they are, then it's in my favor when i bet, and thus also the underdog team i like's chances may not necessarily be as low as purported by vegas

**sharpcat** · 02-05-11, 05:26 PM

Good luck with your future in gamblers anonymous

Maybe you and your sponsor can devise a magical way to be the first ones to get rich of of a system that has been around for 1,000 years.

**Jerm3462** · 02-05-11, 05:33 PM

Originally posted by sharpcat

Good luck with your future in gamblers anonymous

Maybe you and your sponsor can devise a magical way to be the first ones to get rich of of a system that has been around for 1,000 years.

You act as if no one has ever won any money using this system.
Get real.
Yes, if you do it for ever, you will eventually lose.
But you can win a lot of money if you know when to quit.

Prime example, my brother. He went 16 days without ever losing more than 3 in a row.
Doubled his bankroll. And cashed out.

**FourLengthsClear** · 02-05-11, 05:41 PM

Originally posted by AlreadyGoinHard

im referring to sports betting ... what if lets say you bet 1100 to win 1000, then 2420 to win 2200 to continue to earn the unit of profit, how much would this end up as at lets say the 7th or 8th time? anyways, i think that would work

also remember though, if i bet the underdog on the money line, it ends up being even more in my favor, of course you could say that's not 50% chance of winning, but see that's the thing with sports betting, the correct probability of winning is only theoretical and made up by the oddsmakers, so if i am better than they are, then it's in my favor when i bet, and thus also the underdog team i like's chances may not necessarily be as low as purported by vegas

The house edge/juice will always be the same no matter what.
As mentioned, there is about a 40% chance of you busting out (8 consecutive losses) within 256 plays.

You need a starting bankroll of over USD 416,000 (1100 + 2310 + 4851 and so on) to be able to withstand 7 losses.
Given that your aim in those 256 plays, is to gain 128,000 you would be just as likely to win or lose taking your starting bankroll (actually quite a bit less) and putting it all down on a -150 favourite.

**OTL** · 02-05-11, 05:44 PM

I don't know about Vegas, but it's impossible to win using Martingale on the table games at my local casinos. The min/max bets are intentionally set to make this strategy fail. For instance on blackjack the min bet is $10 and the max bet $200 with the max buy-in of $200. That doesn't even allow you to get in a fifth bet if you're Martingaling!

**sharpcat** · 02-05-11, 05:45 PM

Originally posted by Jerm3462

You act as if no one has ever won any money using this system.
Get real.
Yes, if you do it for ever, you will eventually lose.
But you can win a lot of money if you know when to quit.

Prime example, my brother. He went 16 days without ever losing more than 3 in a row.
Doubled his bankroll. And cashed out.

You also might win money betting strictly -250 ML plays but that does not mean it is an intelligent thing to do.