I was trying to do a roulett technique, without the right amount of money, and I just lost 120$.I knew I did not have enough money to do the strat. But did it any way.

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[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

Sort of.

I’m talking about a betting strategy.

I’m not talking about placing bets based on your prior bet.

Unfortunately, no one understands me.

[–]newguy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

You're not being misunderstood, I think you just haven't figured out the full implications of how your betting system works.

If we play "flip the coin" and you bet $1 on each flip.... after 10 flips, you don't know anything about the 11th flip. It's always 50/50, even if the last 10 were heads.

You can't bet on all 11 flips at once, you only can bet on each flip, which is always 50/50. That's why it doesn't work.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

That’s not how I’m betting.

You’re the one that doesn’t understand.

[–]newguy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

So walk me through how it would work. Say we have a coin flip game, and you can choose heads or tails. If you get it right you win a dollar, if you get it wrong you lose a dollar. You can bet, or just watch me flip.

Walk me through an example of how your system would be able to beat this game. I'm genuinely curious, because maybe I am just misunderstanding you.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

You double your losses EVERY TIME you loose. You reset your strategy every time you win. You stay betting on one side the whole time.

Do the math.

Seriously, if you want, I’m will to do face time test. With chips, and a coin.

Or zoom. But I hate zoom.

[–]newguy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Oh yeah I see what you mean. https://en.wikipedia.org/wiki/Martingale_(betting_system)

It sucks because when you win, you only win a small amount. And then if you have a losing streak long enough, you eventually run out of money because you have to keep doubling. I've tried it, but maybe there's a new twist to it you've figured out

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Not really a new twist. Bring lots of money.

And reset.

I’m going to do a trial run tomorrow night. I’ll update everyone .