Betting Game. Is this possible?

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springfire

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Hello everyone! Today I was striked by a thought which I cannot get rid of it. But its such a noob question for many of you here nd sorry for that..


Lets assume there is a betting system in which you earn double the money you invested if you win. I invest a series of amounts like

$500
$1000
$2000
$4000
$8000
$16000

I'm pretty sure I will win one of these six bets. So I'll bank $500 surely per day. Is this possible.

And.. If everyone knows this and does the same thing.. I mean if there is a system where everybody wins, where the money comes from?
 
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You can do a game system where you get sponsors for tournaments like MOBA SC2 etc but have your own style of game for that. You would be bombarded with tons of advertising companies IF you could make your game big and well known. If not then sucks for you ad just stick to blackjack.
 
@OP read about the "Gambler's Fallacy".

The fallacy is that you think that your odds increase whenever you don't win. This is not true. The odds remain the same for games without "memory"


Let's say you're playing a coin toss and the coin came up heads 24 times in a row. This doesn't mean that the next toss would result in tails. It doesn't mean that there's a higher probability that the next toss would result in tails. In fact the probability of the next toss is still 50/50.
 
Is forex a double-or-nothing game or do you know any other? I'm interested to invest like the method above
 
TheArticleMan said:
The only real sure betting is: http://www.oddsportal.com/sure-bets/ < but even then if the bookmaker thinks your cheating the system they will just close your account.
Click to expand...

It's hard to catch you and even if they are doing it...you are pretty legit because you make the accounts on 2-3 different names and make sure sometimes you win and sometime you lose on one betting website.

@OP: Let's say you are having option A and option B to choose from and for each option the odds are 1.60 and 2.00. when the betting websites are offering an odd they are making sure the % of the possible repetitive process is taken into consideration.
 
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Theoretically the above will work. The problem, however, is that the world is not ideal.

1. Your stake grows as 2^n. 2^10 * 500 = $512,000. Do you have that money for your 10th stake?
2. Your bookmaker has an agenda, and may suddenly close your account
3. Your payment processor might freeze the money
4. And so on
 
No it will not work, there is no betting game which provide you 6:1 chances. I have seen 20 red in roullete in real casino. Your method can only work if you play a no limit game, which in most of the gambling sydtem you will not get, with infinite money otherwise you will win many time and one day you will lose all your bank and may be your car also.
If you are thinking to apply it in roullete, I will advice you not to try it if you don not want to lose whole bank.
 
That is called a martingale betting system the only issue is that you can risk default if you lose 50 times in a row. While not probable is possible and does happen. Look at the roulette wheels color and see the times when its red 20 times in a row. Now imagine you bet black 20 times in a row and doubled your bet each and every time: Let X[SUB]0[/SUB], X[SUB]1[/SUB], X[SUB]2[/SUB], ... be a martingale and Ï„ a stopping time with respect to X[SUB]0[/SUB], X[SUB]1[/SUB], X[SUB]2[/SUB], ... . If
51c038e083b0c60b619edf2f6635dc64.png
and than: a constant c such that
a780d5743b186f00f3794a449e32842d.png
for all i,then
fb62b1579b4cbfbfe5fe71839421d2bf.png
source: http://www.cooperspick.com/fullarticle/458-Unit-Betting-System-Sports-Betting-System
 
This betting system only work if you have infinite money and there is no limit on table otherwise as most of the member said it is not a deal if you see 20 red in a row in roulette wheel. If you think there is a system where you can win every 7th hand then that provider will have to shut his shop soon.
 
Why the F*ck is this in the 'Black Hat SEO' Section?!
 
as long as the money/odds aren't in your favor, its a longterm losing proposition.
 
It is call martingale and theoretically it should work but there is usually some limit which prevents you from winning (e.g. max bet on roulette or you just run out of money)
 
Ok i've been looking into exactly this for more than 3 months , the system you "found" is actually a very famous scam scheme , it's called the martingale system , and it's sold by scammers as a winning roulette system , the roulette gives you the double if you bet on one color for example red (there are only 2 colors for those who don't know it) , so the odds of you winning with betting on the same color till you get it right while doubling your bet every time you get it wrong look very good , but in reality i've played games where i've had 12 blacks in a row on a live roulette (real roulette table transmitted with a camera from the casino in real time) , and the chances of getting up to 15 of the same color are pretty high , so when that happens you'd lose aaaaaal the money you've gathered before , and it will end up happening eventually on the long run , here is an example , let's say you start with only 1$ not 500 as you said and doubling the bet every time you lose : round (1 : 1$) (2 : 2$ + the 1$ from last time : 3$) , (3 : 4$ +3$ = 7$) , (4 : 15$) .......... by the round number 11 you'd be losing exactly 2047$ chasing your 1$ bet :) , so is it worth it ? HELL NO :D , conclusion : i've spent waaaaaay too much time investigating the roulette systems and i can say none of them work :)
 
this is complete scam
only way you can make free money is interest which eventually destroys other people lives
 
If you have enough money with some good luck, you will never lose like this.
 
OP your exact system has been long known, here it is:

Search Wikipedia: Martingale system

Like every "system" it does nothing to change the EV of gambling and therefore doesn't help/work.
 
rossegpz said:
If you have enough money with some good luck, you will never lose like this.
Click to expand...

Oh yeah? Is this from experience?

No money is enough to improve the odds of the next event.


When you are on the first event, the chances are 50/50 (for coin toss, for roulette it is lower)
On the second event, the chances are 50/50
On the third event, same thing 50/50

I thought about this before too and wanted to do this. I did with small amounts of money just to prove the point. I lost every bit. I read about the gamblers fallacy and still took me a while. These games have no memory. The first event does not alter the odds of the next event.

From a casinos point of view, your kind of thinking is actually good. They only need three probabilities.


1. Probability that you would win the first few rounds = High
2. Probability that you would keep going back to the casino to profit since in (1) you already "proved" it is profitable = High
3. Probability that sooner or later you will get hit by 20 straight reds and lose everything you gained plus a whole lot more = Almost Certainty
 
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