"Gambler's fallacy"

the house is risking 1$ and you are risking your entire bankroll.

martingaleaments. if i'm level't so be it.

lol. read books much? you're obv the first person to ever think of this foolproof plan.

Okay i wasnt saying make a living off of it and i was looking for some actual responses on why this wont work. And yes im sure someone has came up with this before.

But please can someone tell me why this wouldnt work?

How is the house risking 1$ and the person is risking there entire bankroll

its not like im betting 100 and if i win i get 1$. the house would give up 100 as well.....

<table border="0" cellpadding="3" cellspacing="1"><tbody><tr><td align="center" width="100">Bet</td><td align="center" width="100">Pays</td><td align="center" width="100">Probability Win</td><td align="center" width="100">House Edge</td></tr><tr><td align="left">Black</td><td>1</td><td>47.37%</td><td>5.26%</td></tr><tr><td align="left">Red</td><td>1</td><td>47.37%</td><td>5.26
</td></tr></tbody></table>
A little common sense for you, no matter the strategy anytime you put money down as an underdog paying even money it is a long term losing situation.

thanks for all who replied seriously and it really was appreciated i did do some googling and i see how the house wins in the long run. again thanks to the helpful responses

Why won't it work? Look at all the big casinos in Vegas they were built by people with ideas like yours.

cause all your doing is trying to win $1 and risking your entire bankroll doing it.

What your betting on is that if you bet on black, it wont land on red 12 times in a row. If it does this, you will have just lost $4095.

If the ball lands on the opposite color 12 times on a row, the house wins all the money. If not, the house looses $1 for every time your color comes up.

You could try this... just not on $5K. You would need a lot more... in which case, you wouldnt waste your whole day doing this for about $30 an hour (or whatever it would be).

It's amazing how some people think they have a new foolproof gambling strategy but it's evident they don't understand basic probability theory. Like they're some brilliant person who is the first to ever come up with this idea.

Little secret: people have been gambling since humans first became capable of counting and deciding upon something to bet on. Gambling is one of man's most favorite and timeless enjoyments. You really believe that you've discovered some wonderful new strategy that is this simple?

<TABLE cellSpacing=0 cellPadding=4 width="100%" border=0><TBODY><TR><TD><TABLE cellSpacing=0 cellPadding=4 width="100%" bgColor=#ffffff border=0><TBODY><TR bgColor=#eeeedd><TD><TABLE cellSpacing=0 cellPadding=2 border=0><TBODY><TR><TD vAlign=top> </TD><TD>Re(2): The most Profitable game.
by Jaybone2315 on 3/25/2008 21:36 </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR><TR bgColor=#ffffff><TD colSpan=2><TABLE cellPadding=2 border=0 celspacing="0"><TBODY><TR><TD>cause all your doing is trying to win $1 and risking your entire bankroll doing it.

What your betting on is that if you bet on black, it wont land on red 12 times in a row. If it does this, you will have just lost $4095.

If the ball lands on the opposite color 12 times on a row, the house wins all the money. If not, the house looses $1 for every time your color comes up.

You could try this... just not on $5K. You would need a lot more... in which case, you wouldnt waste your whole day doing this for about $30 an hour (or whatever it would be). </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 cellPadding=4 width="100%" border=0><TBODY><TR><TD><TABLE cellSpacing=0 cellPadding=4 width="100%" bgColor=#ffffff border=0><TBODY><TR bgColor=#eeeedd><TD><TABLE cellSpacing=0 cellPadding=2 border=0><TBODY><TR><TD vAlign=top> </TD><TD>Re(2): The most Profitable game.
by ud2 on 3/25/2008 21:35 </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR><TR bgColor=#ffffff><TD colSpan=2><TABLE cellPadding=2 border=0 celspacing="0"><TBODY><TR><TD>No amount of money is enough to make it work, and $1 billion dollars isn't even enough to pay for 29 losses in a row. </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>You could take Warren Buffet's full 62 billion net worth and only be able to double your bet 34 times before not having enough left to double again.

stfu bobcat. why do people like you even post when all your do is trash and down other players.

excuse me for trying to gain knowledge at something i have never played before, just came here so other people could tell me why or why not this would work. again thanks for all the helpful posters out there as you guys are what makes this site so good.

As for you bobcat you could prob never log on again and no one would miss you bashing other players.

lol @ risking 62 million to win $1

***edit

BILLION

Oh hi der DaVols.

2 words - MAX BET ...... this is the same question people ask for blackjack .. there is a limit bet you can place where if u end up down $100 and go to place a $200 bet then depending on the table you might not be able to if the limit is $100 . so then ur fucked .. they work the min and max bets out perfectly so u cant keep doubling endlessly .. normaly it would be like 7 or 8 doubles b4 u max bet