TerribleTom
Joined: Feb 18, 2014
• Posts: 319
February 20th, 2014 at 10:15:49 PM permalink
Quote: mustangsally

This (bold play) can be exactly and easily calculated in Excel or using a program
and with an even money bet, if losing the first 1 unit bet, your next bet should bet 2, lose that your next bet would be 4 and so on
sounds like a Marty. and it is. Bold Play trying to win just 1 unit

Sally

This.

Pick a game, any game that has more or less 50/50 odds - say betting black/red at the roulette wheel.

Bet \$10. Lose. \$90 left
Bet \$20. Lose. \$70 left
Bet \$40. Win! BOOM! \$110.

Walk away.

In theory, if you had say \$50K and were willing to lay \$1K as the initial bet you could walk away with \$1K/day and call it good.

Until that day when you lost 7 times in a row...
geoff
Joined: Feb 19, 2014
• Posts: 368
February 20th, 2014 at 10:26:28 PM permalink
Quote: TerribleTom

This.

Pick a game, any game that has more or less 50/50 odds - say betting black/red at the roulette wheel.

Bet \$10. Lose. \$90 left
Bet \$20. Lose. \$70 left
Bet \$40. Win! BOOM! \$110.

Walk away.

In theory, if you had say \$50K and were willing to lay \$1K as the initial bet you could walk away with \$1K/day and call it good.

Until that day when you lost 7 times in a row...

You wouldn't even have to lose 7 in a row.

Loss 1: 1k/49k left
Loss 2: 2k/47k left
Loss 3: 4k/43k left
Loss 4: 8k/35k left
Loss 5: 16k/19k left

Now you don't have enough left to put up the next bet, but if you started with \$63k you'd be able to lose 6.
Buzzard
Joined: Oct 28, 2012
• Posts: 6814
February 20th, 2014 at 10:28:59 PM permalink
In that case are 62 other members willing to put up1K as my partners?
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
TerribleTom
Joined: Feb 18, 2014
• Posts: 319
February 20th, 2014 at 10:34:54 PM permalink
Quote: Buzzard

In that case are 62 other members willing to put up1K as my partners?

Maybe, but \$1K/62/day doesn't exactly pencil out to quitting your day job...
AxiomOfChoice
Joined: Sep 12, 2012
• Posts: 5761
February 20th, 2014 at 10:53:08 PM permalink
Quote: TerribleTom

Maybe, but \$1K/62/day doesn't exactly pencil out to quitting your day job...

Really? That's your biggest concern with this plan?
RS
Joined: Feb 11, 2014
• Posts: 8623
February 20th, 2014 at 11:37:16 PM permalink
As long as we're on the subject, just predict the next number to be spun on the roulette wheel. Place \$200 straight up on the number and profit \$7,000 every day.
Walkinshaw30t
Joined: Apr 11, 2013
• Posts: 91
February 25th, 2014 at 6:48:04 PM permalink
Edited
Time will tell