Comment on I'm at a roulette table. I only bet on red. When I lose I triple my bet, when I win I restart. Is this a roulette strategy?

JoBo@feddit.uk ⁨9⁩ ⁨months⁩ ago

This isn’t exactly the same as the Martingale system (where you double the bet after a loss so that you end up winning the starting bet when your colour does finally come up) but it’s the same principle, just messier because you’re tripling so it’s harder to analyse (but you’ll go broke quicker).

In principle, you will usually end up making a small profit while risking very big losses. And that’s why it doesn’t work. Either you run out of money for the next bet or you reach the house limit (which will almost always exist).

If you go to a casino with an amount of money you are prepared to lose, it’s not the worst strategy (given that there are no good strategies with roulette). You will usually get a small win but you will sometimes get a big loss. You’ll end up down in the long run.

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