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

**AlreadyGoinHard** · 02-05-11, 05:50 PM

Originally posted by FourLengthsClear

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 USD 280,500 (1100 + 2200 + 4400 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 slightly less) and putting it all down on a -150 favourite.

lmao see your wrong, the house edge in sports is theoretical ... it assumes the oddsmakers have it right ... truth is, they guess, like i can, so that's not true

**AlreadyGoinHard** · 02-05-11, 05:52 PM

also, my aim isnt to gain 128,000 before losing, thats just my fallback really, i mean i believe im good enough at sports betting to where ill win more than 50% of my bets, and yes of course you could say well then bet straights and all this mess, but this is a surefire easier way to consistently make LOTS of money if you can maintain it and only lose 7 in a row lets say, every 1000 times i run the system ..

**FourLengthsClear** · 02-05-11, 05:54 PM

Originally posted by AlreadyGoinHard

lmao see your wrong, the house edge in sports is theoretical ... it assumes the oddsmakers have it right ... truth is, they guess, like i can, so that's not true

So if you can work out where it is wrong, just bet the plays on a flat stake basis - your long term results would be identical. You initially asked about 50% outcomes which is what I have answered based on.

**AlreadyGoinHard** · 02-05-11, 05:55 PM

Originally posted by FourLengthsClear

So if you can work out where it is wrong, just bet the plays on a flat stake basis - your long term results would be identical. You initially asked about 50% outcomes which is what I have answered based on.

i wasn't knocking you for going with that, but knocking you because you said the casinos house edge is always there, when in sports it's all theoretical probabilities

**FourLengthsClear** · 02-05-11, 05:57 PM

Originally posted by AlreadyGoinHard

also, my aim isnt to gain 128,000 before losing, thats just my fallback really, i mean i believe im good enough at sports betting to where ill win more than 50% of my bets, and yes of course you could say well then bet straights and all this mess, but this is a surefire easier way to consistently make LOTS of money if you can maintain it and only lose 7 in a row lets say, every 1000 times i run the system ..

If you are betting into -110 lines, you need to hit 52.38% to break even.
If you exceed that, then you should be someone who is able to quantify edge on a bet by bet basis.
If you can do that, forget Martingale and read up on Kelly Criterion.

**DrStale** · 02-05-11, 06:02 PM

You're goin broke dude.

**MrExacta** · 02-05-11, 06:09 PM

Just play basic strategy in Blackjack and you'll have a better edge than the common player.

Use a little money management mixed in there and you can play forever on $200 at a $10/table.

MrExacta -`

**MinnesotaFats** · 02-05-11, 06:13 PM

You need the bankroll and if you are betting 100 units and you lose 4 in a row you will be looking at $1600 / game. You might laugh at this statement but not all casinos take bets over $1000 on sports games, so you might have to spread the action between 2 or 3 places. Eventually we all hit that streak where we lose 8 in a row and suddenly we are wagering $13,000 on fukkin Marist to cover a 16 pt spread in the lounge at the Imperial Palace piss drunk. Not a good situation. Martingale is the best way to lose fast...better off playing consistent units and if you find yourself down 5 - 10 units bet larger on a game you see as a lock. Or, if you are hitting 1/8 games maybe find a new hobby or just be the opposite of your gut.

**sharpcat** · 02-05-11, 06:17 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

I love how you state that you "think" this would work followed by a

but yet when Fourlengths gives you an educated answer you laugh at him and attempt to discredit him.

Oddsmakers do not "guess" lines they develop them using predictive models and the lines are very accurate especially by the time the market closes, if you took the time and effort to build a database to test this rather than just "thinking

" you would realize this.

**AlreadyGoinHard** · 02-05-11, 06:21 PM

Originally posted by MinnesotaFats

You need the bankroll and if you are betting 100 units and you lose 4 in a row you will be looking at $1600 / game. You might laugh at this statement but not all casinos take bets over $1000 on sports games, so you might have to spread the action between 2 or 3 places. Eventually we all hit that streak where we lose 8 in a row and suddenly we are wagering $13,000 on fukkin Marist to cover a 16 pt spread in the lounge at the Imperial Palace piss drunk. Not a good situation. Martingale is the best way to lose fast...better off playing consistent units and if you find yourself down 5 - 10 units bet larger on a game you see as a lock. Or, if you are hitting 1/8 games maybe find a new hobby or just be the opposite of your gut.

i plan on betting 1000 units actually and yea if i end up losing 7/8 in a row eventually, well thats ok cuz ill hav won it by then (hopefully) ... it really depends on how good you are ... and if 1000$ is the limit at a lot of places i guess my plan is a lil bit in the rutt

**Casperwaits** · 02-05-11, 06:25 PM

You can find books in Vegas that will take $1,000,000 on a game. Some guy here bets that regularly on the NFL. A guy jut bet $1,000,000 on the Packers 3 hours ago.

**MinnesotaFats** · 02-05-11, 06:25 PM

-110 lines you need to hit 55% to break even

**sharpcat** · 02-05-11, 06:31 PM

Originally posted by AlreadyGoinHard

i plan on betting 1000 units actually and yea if i end up losing 7/8 in a row eventually, well thats ok cuz ill hav won it by then (hopefully) ... it really depends on how good you are ... and if 1000$ is the limit at a lot of places i guess my plan is a lil bit in the rutt

Just save all of your bet receipts and if you find yourself over the betting limits ask to speak to the line manager and explain to him that you are betting a martingale system and would request that he accept your wager. Any competent book manager would gladly accept a 10 million dollar bet from you if he had evidence to prove that you are a donk betting a martingale system, betting limits are only in place to deter sharps from crushing the book. If the manager knows you are not a sharp betting with an edge (he will

) hewould gladly accept a 10 million dollar wager from you with his 4% edge.

**RealSlimShady** · 02-05-11, 06:33 PM

You can keep doubling up, but you will reach table limits or sportsbook bet limits. Or your bankroll will be insufficient when you go on a bad run. Bottomline is you will go bust.

**tickingclock1** · 02-05-11, 06:43 PM

Originally posted by sharpcat

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

If -250 is +EV why wouldnt it be intelligent. It decreases your variance and you win money...

**Roadtrip635** · 02-05-11, 06:47 PM

If you really want to try this, use SBR points instead of real money. If you have the cash to try this, then you have enough to deposit to turn SBR PRO to get the extra points. You can at least test your theory first instead of going broke and living in a cardboard box.

**sharpcat** · 02-05-11, 06:59 PM

Originally posted by tickingclock1

If -250 is +EV why wouldnt it be intelligent. It decreases your variance and you win money...

Are you implying that a martingale system is +EV???

Obviously if any bet were +EV it would be an intelligent bet. I never stated that -250 was +EV.

**warriorfan707** · 02-05-11, 07:07 PM

Not only will they allow it, they will encourage it.

**Chimneyfish** · 02-05-11, 07:34 PM

Originally posted by warriorfan707

Not only will they allow it, they will encourage it.

Think the dude punched a hole through his monitor already

**itriedsohard** · 02-05-11, 08:14 PM

betting red black or even odd is not 50/50

**maersksealand** · 02-05-11, 08:15 PM

Originally posted by AlreadyGoinHard

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

I don't know the betting limits in Vegas...I know you can bet on sports up to $9000 without showing id. For the casino games I don't know, where I live they have $500 max. bet for roulette and blackjack...they have a high rollers room but I never went there...

**SteveB** · 02-05-11, 09:38 PM

Tell you what....come on over my house...I will start with $100,000 and you can bet Martingale all day. BJ...roulette or whatever you wish.

**GELATINOUS CUBE** · 02-05-11, 10:04 PM

I doubt you have the bankroll buddy.

**Hoja Verdes** · 02-05-11, 11:10 PM

Smoke some more weed and find something else to conjure up. It ain't happenin. Essentially what you're saying is that you can hit 60% winners. Here's a tip: post plays here, document your record, and check back in with this thread after your first 200 posted plays.

**chipper** · 02-06-11, 12:15 AM

Not only will the Las Vegas casinos let you use the Martingale, they would LOVE for you to come in and try the Martingale. In fact casinos love all system players. There's a saying frequently said by the suits behinds the games toward system players.... "at the end of the day you will still have your system, but we will have your money!".

**dngf** · 02-06-11, 01:31 AM

I think what would be beneficial for you to be able to see this. If you have excel you can run the following formula down a column. Go a few hundred rows here is the formula: =int(2*rand())

When I just did this to verify the formula, in rows 442 to 451 there were 10 "0"s in a row. This may work for a while, but sooner or later you are either going to run out of money, or run out of betting capacity at the casino, with your book, or not have enough well funded on line accounts

**Kaabee** · 02-06-11, 01:36 AM

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 =)

good luck on finding a 50/50 bet in a casino

**Inkwell77** · 02-07-11, 01:00 AM

I don't know exactly, but I'm pretty sure you can bet up to $100k plus at all the big casinos on the strip on the "key" games. The station casinos have $5000 limits on most games.

**Scahom1** · 02-07-11, 10:59 PM

The problem with Martingale is that when you lost 5 spins in a row at $10 a spin, do you really have the balls (or the bankroll in front of you) to drop $320 on that next spin?

**Extra Innings** · 02-07-11, 11:08 PM

They probably love it

**MUHerd37** · 02-07-11, 11:21 PM

I have used the martingale system pretty successfully at the casinos with blackjack. Make some money, get up and take a break, and then play again.

**texassoljaz** · 02-26-11, 02:14 PM

screw the limit.. just go in there.. and ask the pit boss one hand BJ 20k wassup!??????

**Mr KLC** · 02-26-11, 02:21 PM

When you Martingale you are doing nothing but chasing. If there is one thing I have learned, chasing will make you nothing but broke in the long run.

**chemicalbrother** · 02-26-11, 02:30 PM

if you have $128,000, couldn't you find an easier way to make a couple bucks?

**OGtino** · 02-26-11, 07:13 PM

Martingale is a bad system.