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Sir Pawnalot
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09-15-2010, 09:19 PM
Post subject: Roulette system
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#1 (permalink)
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Full House
Join Date: Jan 2009
Location: Norway
Posts: 668
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I have a friend who is playing a roulette system online.
Basically he bets 1 dollar on either red or black and if he loses he bets 3, 5, 10 and so forth. When he wins he bets 1 dollar again.
I have 3 questions:
1. Is this illegal?
2. What is the chances of missing 7 times in a row?
3. Do you think its profitable given a 100 dollar max bet?
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A foolish man learns nothing from his mistakes.
A smart man learns only from his own mistakes.
A wise man learns from his own mistakes, and those of the smart man and the fool.
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rong
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Full House
Join Date: Nov 2008
Location: Beachside
Posts: 1,197
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3. No!
It is profitable with an infinite br & no max bet, otherwise, sooner or later, you lose.
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Quote:
Originally Posted by Micro2Macro
hey guys, if you ever make a snap call on the river when your opponent raises you're fucking retarded.
Fucking. Retarded.
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bigspenda73
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Straight Flush
Join Date: Jul 2006
Location: Pwnsylvania
Posts: 7,546
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sounds like martingale
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a500lbgorilla
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JESUS TAKE THE KEYBOARD
Join Date: Sep 2004
Location: This room is a good place to be
Posts: 8,379
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Under the incorrect assumption that winning a red/black bet in roulette is 50/50 (there are 2 green bits), the chance of going 7 in a row losing is .5^7=.0078125 or .7%
It is neither illegal nor profitable as the house still profits on every bet made.
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Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
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JKDS
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Full House
Join Date: Feb 2008
Location: Chandler, AZ
Posts: 1,024
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But if you keep making bigger and bigger -ev bets you go so far negative you turn positive right?
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Quote:
Originally Posted by OngBonga
But no, jkds is lolvillager and anyone who wants to string him up is sighbad.
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Sir Pawnalot
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Full House
Join Date: Jan 2009
Location: Norway
Posts: 668
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1000 games:
*WIN: 993 = 993 USD
LOSE: 7*160 = 1120 USD
PROFIT: - 127
Aight, its a losing game. But my "friend" just won 350 USD in a couple of hours! 
*Every time he wins on his 3 dollar bets me profits 2 dollar, so the WIN nr is a bit low.
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A foolish man learns nothing from his mistakes.
A smart man learns only from his own mistakes.
A wise man learns from his own mistakes, and those of the smart man and the fool.
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UnbelievableJeff
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BANNED
Join Date: Oct 2008
Location: Reading, UK
Posts: 19
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http://en.wikipedia.org/wiki/Martingale_(betting_system)
Doesn't work.
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BennyLaRue
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Full House
Join Date: Sep 2007
Posts: 646
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Quote:
Originally Posted by Sir Pawnalot
Aight, its a losing game. But my "friend" just won 350 USD in a couple of hours! |
That's a 6-pack, double-cheesburger and 3.5 hours at a rub and tug.
Stop now. Who needs moar than that?
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Sir Pawnalot
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Full House
Join Date: Jan 2009
Location: Norway
Posts: 668
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Too late Benny ...
I just lost my head and started doing 100 dollar bets ... lost 4 in a row.
No more roulette for me. But thanks guys, I guess this one only works with infinite bets and infinite bankroll.
iluguiefvuhEF!!!
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A foolish man learns nothing from his mistakes.
A smart man learns only from his own mistakes.
A wise man learns from his own mistakes, and those of the smart man and the fool.
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rpm
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4-of-a-Kind
Join Date: Jul 2009
Location: learnin'
Posts: 2,042
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Quote:
Originally Posted by Sir Pawnalot
I guess this one only works with infinite bets and infinite bankroll.
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no. it's a losing strategy. as is any strategy which involves betting on red/black when there is green.
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drmcboy
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DrButtInski
Administrator
Join Date: Aug 2004
Posts: 9,602
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confirmed illegal
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kiwiMark
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Join Date: Jul 2009
Location: Nu Zuland bru
Posts: 939
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Quote:
Originally Posted by drmcboy
confirmed illegal
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interpol en route to norway
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spoonitnow
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Straight Flush
Join Date: Sep 2005
Location: IRC Chat Room
Posts: 5,406
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Quote:
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Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.
Rule # 1: don't ask questions
Rule # 2: don't ask questions
I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
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Sir Pawnalot
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Full House
Join Date: Jan 2009
Location: Norway
Posts: 668
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rpm - Thanks.
You are absolutely right. Every bet made is EV-.
Just a curious note: As long as I believed in the system I was winning. But as soon as I realized it was a losing game, i started losing. Makes me wonder if the act of observing can alter the results. Maybe the quantum world offers infinite opportunities and that by observing we chose one of them. That the world we see is the one we create ...
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A foolish man learns nothing from his mistakes.
A smart man learns only from his own mistakes.
A wise man learns from his own mistakes, and those of the smart man and the fool.
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nice_aiau
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Flush
Join Date: Apr 2008
Location: Dunedin, New Zealand
Posts: 260
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You need to play more tables
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bigred
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PROFESSIONAL TROLL
Join Date: Sep 2004
Location: Nest of Douchebags
Posts: 2,184
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Quote:
Originally Posted by Sir Pawnalot
Just a curious note: As long as I believed in the system I was winning. But as soon as I realized it was a losing game, i started losing. Makes me wonder if the act of observing can alter the results. Maybe the quantum world offers infinite opportunities and that by observing we chose one of them. That the world we see is the one we create ...
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You were eventually going to lose.
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LOL OPERATIONS
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Ash256
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4-of-a-Kind
Join Date: Mar 2006
Location: UK
Posts: 1,760
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Quote:
Originally Posted by Sir Pawnalot
Just a curious note: As long as I believed in the system I was winning. But as soon as I realized it was a losing game, i started losing. Makes me wonder if the act of observing can alter the results. Maybe the quantum world offers infinite opportunities and that by observing we chose one of them. That the world we see is the one we create ...
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No, that's just you being irrational
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BennyLaRue
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Full House
Join Date: Sep 2007
Posts: 646
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Quote:
Originally Posted by Sir Pawnalot
rpm - Thanks.
You are absolutely right. Every bet made is EV-.
Just a curious note: As long as I believed in the system I was winning. But as soon as I realized it was a losing game, i started losing. Makes me wonder if the act of observing can alter the results. Maybe the quantum world offers infinite opportunities and that by observing we chose one of them. That the world we see is the one we create ...
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You bring up a good point. It's just like how Road Runner would run off of the cliff and not fall. It makes sense because what the hell do Road Runners know about gravity? But then Wile E. Coyote would do the same thing and fall and fall and fall because he read that book about Sir Isaac Newton.
The lesson here is, and Jesus and Republicans would agree: blessed are the ignorant.
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kevster
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Full House
Join Date: May 2006
Location: Fold City
Posts: 758
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If you look on the interwebs there are various places (betfair is one) that offers "zero edge" roulette. So, with an extremely large bankroll, you could employ this strategy and show a profit.
However, there is still a key problem with this strategy - it's bollocks.
Play and play and play until your colour comes up and all you win is your original stake ($1 or whatever). This doesn't make for a very good hourly rate so there are far +EV things you and friend could be doing with your time.
Also, any online house will limit your betting very quickly if you start showing a consistent profit. Any limit on what you can bet renders this system redundant.
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- You're the reason why paradise lost
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d0zer
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Moderator
Join Date: Jul 2007
Posts: 2,521
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Hey guys, remember when sir pawn admitted he was a troll like ... last week?
...yeah...jus'sayin'...
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BennyLaRue
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Full House
Join Date: Sep 2007
Posts: 646
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Quote:
Originally Posted by kevster
Also, any online house will limit your betting very quickly if you start showing a consistent profit. Any limit on what you can bet renders this system redundant.
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This is very true...I degened $50 into $1200 on drunken blackjack at an online casino one night. The next day they froze my account force deposited it into my Moneybookers acct without my knowledge or consent. You'd think they would have wanted me to keep playing and give them the money back (the whole reason for comps at a b&m casino, right?) but I think they just preferred to be rid of me.
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KoRnholio
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4-of-a-Kind
Join Date: Jul 2005
Posts: 2,165
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Quote:
Originally Posted by BennyLaRue
This is very true...I degened $50 into $1200 on drunken blackjack at an online casino one night. The next day they froze my account force deposited it into my Moneybookers acct without my knowledge or consent. You'd think they would have wanted me to keep playing and give them the money back (the whole reason for comps at a b&m casino, right?) but I think they just preferred to be rid of me.
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I guess they have seen the movie 21 and think it works online? lol
Even at a zero edge roulette game, if you don't have an infinite bankroll (and no betting limit) when using this system, you WILL still go broke. DUCY?
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Some days it feels like I've been standing forever, waiting for the bank teller to return so I can cash in all these Sklansky Bucks.
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Sir Pawnalot
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Full House
Join Date: Jan 2009
Location: Norway
Posts: 668
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KoRnholio -
ICY. You will always risk total busto - its just a matter of time.
BUT ...
You could treat this system as a kind of russian roulette ... ill explain
Lets say you have a bankroll of 100 000 USD
Levels: 1 - 3 - 5 - 10 - 20 - 40 -80 - 160 - 320 - 640 - 1280 - 2560 - 5120
The chance of missing all 13 levels is small, so you can win a lot of easy dollars.
But if you lose ... BANG!
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A foolish man learns nothing from his mistakes.
A smart man learns only from his own mistakes.
A wise man learns from his own mistakes, and those of the smart man and the fool.
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Ash256
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4-of-a-Kind
Join Date: Mar 2006
Location: UK
Posts: 1,760
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Yeah but pawnalot how much you could win in a session is irrelevant, if you incorporate the risk of busting averaged into each individual game you'll find out that you're losing money every time you play (2.13% of your bet if you can manage 6 rounds) - Martingale (betting system) - Wikipedia, the free encyclopedia
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a500lbgorilla
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JESUS TAKE THE KEYBOARD
Join Date: Sep 2004
Location: This room is a good place to be
Posts: 8,379
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Quote:
Originally Posted by Sir Pawnalot
rpm - Thanks.
You are absolutely right. Every bet made is EV-.
Just a curious note: As long as I believed in the system I was winning. But as soon as I realized it was a losing game, i started losing. Makes me wonder if the act of observing can alter the results. Maybe the quantum world offers infinite opportunities and that by observing we chose one of them. That the world we see is the one we create ...
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Hahaha, based on this? YouTube - Dr Quantum - Double Slit Experiment
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Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
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bigred
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PROFESSIONAL TROLL
Join Date: Sep 2004
Location: Nest of Douchebags
Posts: 2,184
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That's a lot different than my double slit experiments...
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LOL OPERATIONS
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ZwiFT
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Full House
Join Date: Jun 2007
Location: Valuebet/fold
Posts: 778
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does not work, been there, done that!  Its very beliva-ble with the nekkid eye
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WildBobAA
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4-of-a-Kind
Join Date: Aug 2005
Location: lol i dunno
Posts: 1,811
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This thread makes me sad.
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lolzzz_321
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NO YOU
Join Date: Oct 2004
Location: My ice is polarized
Posts: 2,797
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tell us more about the ford escort
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Sir Pawnalot
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Full House
Join Date: Jan 2009
Location: Norway
Posts: 668
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It is a 94 model, 1.3 litre engine with over 60 horsepowers. It is red.
Top speed tested to 160 km/h. 0 - 100 km/h in about 15 seconds.
Runs smooth, but dampers are a bit loose.
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A foolish man learns nothing from his mistakes.
A smart man learns only from his own mistakes.
A wise man learns from his own mistakes, and those of the smart man and the fool.
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lolzzz_321
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NO YOU
Join Date: Oct 2004
Location: My ice is polarized
Posts: 2,797
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i think my lawnmower has more horsepower 
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BennyLaRue
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Full House
Join Date: Sep 2007
Posts: 646
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What's a damper and why do I need one, let alone multiple?
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Sir Pawnalot
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Full House
Join Date: Jan 2009
Location: Norway
Posts: 668
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Think I meant shock absorbers. The car is a bit wobbly.
lolzzz -Can I be your gardener? 
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A foolish man learns nothing from his mistakes.
A smart man learns only from his own mistakes.
A wise man learns from his own mistakes, and those of the smart man and the fool.
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bjsaust
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Straight Flush
Join Date: May 2007
Location: Ballarat, Australia
Posts: 5,842
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Quote:
Originally Posted by Sir Pawnalot
KoRnholio -
ICY. You will always risk total busto - its just a matter of time.
BUT ...
You could treat this system as a kind of russian roulette ... ill explain
Lets say you have a bankroll of 100 000 USD
Levels: 1 - 3 - 5 - 10 - 20 - 40 -80 - 160 - 320 - 640 - 1280 - 2560 - 5120
The chance of missing all 13 levels is small, so you can win a lot of easy dollars.
But if you lose ... BANG!
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So in essence you're prepared to risk $100k to win $1?
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Just playing to improve.
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Sir Pawnalot
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Full House
Join Date: Jan 2009
Location: Norway
Posts: 668
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bjaust wrote - "So in essence you're prepared to risk $100k to win $1?"
Not me, I abandoned this system rather quickly. As many people have pointed out, this system WILL make you go busto in the long run.
ITT this system is highly discouraged.
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A foolish man learns nothing from his mistakes.
A smart man learns only from his own mistakes.
A wise man learns from his own mistakes, and those of the smart man and the fool.
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mbiz
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Straight
Join Date: Jun 2009
Location: Orstraya
Posts: 178
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Quote:
Originally Posted by BennyLaRue
I degened $50 into $1200 on drunken blackjack at an online casino one night
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haha jesus. you say some funny shit dude
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