MrPapagiorgio
MrPapagiorgio
  • Threads: 58
  • Posts: 183
Joined: Nov 11, 2009
November 11th, 2009 at 2:35:43 PM permalink
Awesome new site, I've been anxiously waiting for your forums after your announcement a few weeks back.

Anyway, I am a bit odds challenged, and I wanted to see what the result of this system would be, as far as probability of losing the bank roll. This is a system that I made up, but I am sure others have also made up the same system in the past. I fully accept and understand that the system will eventually fail, but I wanted to see the system's limits. It should also be noted that I stay away from roulette and usually stick to BJ, video poker, and craps. Here is how it would work:

Bank Roll: 10,000 Units
Variables Starting Values: Count=0, BetUnit=1

How to Play:

On a single 0 roulette wheel, bet on any selected number with 1 BetUnit. If the number fails to come up, then increment Count. Repeat this process until either Count=34 or the number hits.

If Count=34, then reset Count to 0 and double BetUnit
If the number hits, reset Count to 0 and BetUnit to 1

Using this system, what are the odds of losing the bank roll after:
1,000 spins
10,000 spins
100,000 spins
1,000,000 spins

Keep in mind that the number of units won above the number of units bet will vary depending what Count is set to on each win.

Can someone please show me the above probabilities of losing the bank roll, as well as how you arrived at the numbers?
So I says to him, I said "Get your own monkey!"
DJTeddyBear
DJTeddyBear
  • Threads: 210
  • Posts: 11060
Joined: Nov 2, 2009
November 12th, 2009 at 9:29:45 AM permalink
Are you saying that, if you *never* hit your number, you are betting $1 34 times, and then you're betting $2 34 times, then betting $3 34 times, etc?

Yes, I reslize that it's unlikely to happen, but not impossible either, that your number will not hit 68 or more times in a row.

If my interpretation is correct, then you only need to lose 52 times in a row before a win will not cover your losses.

I.E.: If you have 34 $1 losses, then 18 $2 losses, you're down $70. a win on spin 52, if you've still betting $2, will return $70.

In order to ALWAYS have a positive expectation, you have to shorten the count. I.E. Increase your bet when the net would be zero.

Check out this chart:


Spin Bet Invested Payoff Net Expectation
1 1 1 35 34 0.9722
2 1 2 35 33 0.9452
3 1 3 35 32 0.9190
4 1 4 35 31 0.8934
5 1 5 35 30 0.8686
6 1 6 35 29 0.8445
7 1 7 35 28 0.8210
8 1 8 35 27 0.7982
9 1 9 35 26 0.7761
10 1 10 35 25 0.7545
11 1 11 35 24 0.7335
12 1 12 35 23 0.7132
13 1 13 35 22 0.6933
14 1 14 35 21 0.6741
15 1 15 35 20 0.6554
16 1 16 35 19 0.6372
17 1 17 35 18 0.6195
18 1 18 35 17 0.6023
19 1 19 35 16 0.5855
20 1 20 35 15 0.5693
21 1 21 35 14 0.5534
22 1 22 35 13 0.5381
23 1 23 35 12 0.5231
24 1 24 35 11 0.5086
25 1 25 35 10 0.4945
26 1 26 35 9 0.4807
27 1 27 35 8 0.4674
28 1 28 35 7 0.4544
29 1 29 35 6 0.4418
30 1 30 35 5 0.4295
31 1 31 35 4 0.4176
32 1 32 35 3 0.4060
33 1 33 35 2 0.3947
34 1 34 35 1 0.3837
35 2 36 70 34 0.3731
36 2 38 70 32 0.3627
37 2 40 70 30 0.3526
38 2 42 70 28 0.3428
39 2 44 70 26 0.3333
40 2 46 70 24 0.3241
41 2 48 70 22 0.3151
42 2 50 70 20 0.3063
43 2 52 70 18 0.2978
44 2 54 70 16 0.2895
45 2 56 70 14 0.2815
46 2 58 70 12 0.2737
47 2 60 70 10 0.2661
48 2 62 70 8 0.2587
49 2 64 70 6 0.2515
50 2 66 70 4 0.2445
51 2 68 70 2 0.2377
52 3 71 105 34 0.2311
53 3 74 105 31 0.2247
54 3 77 105 28 0.2184
55 3 80 105 25 0.2124
56 3 83 105 22 0.2065
57 3 86 105 19 0.2007
58 3 89 105 16 0.1952
59 3 92 105 13 0.1897
60 3 95 105 10 0.1845
61 3 98 105 7 0.1793
62 3 101 105 4 0.1744
63 3 104 105 1 0.1695
64 4 108 140 32 0.1648
65 4 112 140 28 0.1602
66 4 116 140 24 0.1558
67 4 120 140 20 0.1515
68 4 124 140 16 0.1473
69 4 128 140 12 0.1432
70 4 132 140 8 0.1392
71 4 136 140 4 0.1353
72 5 141 175 34 0.1316
73 5 146 175 29 0.1279
74 5 151 175 24 0.1244
75 5 156 175 19 0.1209
76 5 161 175 14 0.1175
77 5 166 175 9 0.1143
78 5 171 175 4 0.1111
79 6 177 210 33 0.1080
80 6 183 210 27 0.1050
81 6 189 210 21 0.1021
82 6 195 210 15 0.0993
83 6 201 210 9 0.0965
84 6 207 210 3 0.0938
85 7 214 245 31 0.0912
86 7 221 245 24 0.0887
87 7 228 245 17 0.0862
88 7 235 245 10 0.0838
89 7 242 245 3 0.0815
90 8 250 280 30 0.0792
91 8 258 280 22 0.0770
92 8 266 280 14 0.0749
93 8 274 280 6 0.0728
94 9 283 315 32 0.0708
95 9 292 315 23 0.0688
96 9 301 315 14 0.0669
97 9 310 315 5 0.0651
98 10 320 350 30 0.0632
99 10 330 350 20 0.0615
100 10 340 350 10 0.0598
101 11 351 385 34 0.0581
102 11 362 385 23 0.0565
103 11 373 385 12 0.0549
104 11 384 385 1 0.0534
105 12 396 420 24 0.0519
106 12 408 420 12 0.0505
107 13 421 455 34 0.0491
108 13 434 455 21 0.0477
109 13 447 455 8 0.0464
110 14 461 490 29 0.0451
111 14 475 490 15 0.0439
112 14 489 490 1 0.0426
113 15 504 525 21 0.0414
114 15 519 525 6 0.0403
115 16 535 560 25 0.0392
116 16 551 560 9 0.0381
117 17 568 595 27 0.0370
118 17 585 595 10 0.0360
119 18 603 630 27 0.0350
120 18 621 630 9 0.0340
121 19 640 665 25 0.0331
122 19 659 665 6 0.0322
123 20 679 700 21 0.0313
124 20 699 700 1 0.0304
125 21 720 735 15 0.0296
126 22 742 770 28 0.0287
127 22 764 770 6 0.0279
128 23 787 805 18 0.0272
129 24 811 840 29 0.0264
130 24 835 840 5 0.0257
131 25 860 875 15 0.0250
132 26 886 910 24 0.0243
133 27 913 945 32 0.0236
134 27 940 945 5 0.0229
135 28 968 980 12 0.0223
136 29 997 1015 18 0.0217
137 30 1027 1050 23 0.0211
138 31 1058 1085 27 0.0205
139 32 1090 1120 30 0.0199
140 33 1123 1155 32 0.0194
141 34 1157 1190 33 0.0188
142 35 1192 1225 33 0.0183
143 36 1228 1260 32 0.0178
144 37 1265 1295 30 0.0173
145 38 1303 1330 27 0.0168
146 39 1342 1365 23 0.0164
147 40 1382 1400 18 0.0159
148 41 1423 1435 12 0.0155
149 42 1465 1470 5 0.0150
150 43 1508 1505 -3 0.0146
151 44 1552 1540 -12 0.0142
152 45 1597 1575 -22 0.0138
153 46 1643 1610 -33 0.0134
154 47 1690 1645 -45 0.0131
155 48 1738 1680 -58 0.0127
156 49 1787 1715 -72 0.0123
157 50 1837 1750 -87 0.0120
158 51 1888 1785 -103 0.0117
159 52 1940 1820 -120 0.0113
160 53 1993 1855 -138 0.0110


As you can see, 136 consecutive losses results in a $1000 bankroll being insufficient to cover the next bet.

If you have a bigger bankroll, and suffer 149 consecutive losses, you have to increase your betting unit to keep up.

The Expectation column shows the odds of losing that many times in a row - (35/36)^spin

Yeah, it's unlikely that you'll suffer that many losses, but not impossible either. If you doubt me, think of all the times you passed a roulette table, looed at the board which shows the last dozen spins, and remarked at how many doubles there are. The odds are against that too.

The other obvious broblems are:
- It's time consuming to the point of being boring.
- Look at spin # 63. How'd you like to lose 62 times and then finally hit on # 63? Do I sense a change of strategy coming up? Woo boy. Change the whole chart!
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
teliot
teliot
  • Threads: 43
  • Posts: 2871
Joined: Oct 19, 2009
November 12th, 2009 at 10:11:31 AM permalink
All betting systems in roulette lose at the rate


Expected loss = (Total Wagers)*(House Edge).


This system is no exception.


OK, I wrote a computer program to simulate this system. I didn't answer the question you asked exactly as you asked it, but I hope this helps.

This program allows you to make a FULL SIZE bet for your last bet, even if you don't have the funds to cover it, so it is not giving exact results. You didn't specify what to do in that situation, so I took the liberty, since it made the programming easier. The effect of this change was to make the bust times possibly LONGER than they would be if you were limited by your last wager to available funds.


I ran 20 simulations starting with a 1000 unit bankroll and got these number of rounds to bust:


Number of rounds to bust: 4371
Number of rounds to bust: 36080
Number of rounds to bust: 19883
Number of rounds to bust: 422
Number of rounds to bust: 1346
Number of rounds to bust: 196353
Number of rounds to bust: 8103
Number of rounds to bust: 1558
Number of rounds to bust: 2316
Number of rounds to bust: 56821
Number of rounds to bust: 1159
Number of rounds to bust: 874
Number of rounds to bust: 286
Number of rounds to bust: 10016
Number of rounds to bust: 1593
Number of rounds to bust: 15160
Number of rounds to bust: 23162
Number of rounds to bust: 642
Number of rounds to bust: 28209
Number of rounds to bust: 1759

Here are 20 simulations of the same system starting with a 10,000 unit bankroll.


Number of rounds to bust: 118029
Number of rounds to bust: 20969
Number of rounds to bust: 23796
Number of rounds to bust: 36480
Number of rounds to bust: 213409
Number of rounds to bust: 26667
Number of rounds to bust: 15573
Number of rounds to bust: 62811
Number of rounds to bust: 131183
Number of rounds to bust: 11448
Number of rounds to bust: 2762753
Number of rounds to bust: 852206
Number of rounds to bust: 166302
Number of rounds to bust: 141391
Number of rounds to bust: 41295
Number of rounds to bust: 6922
Number of rounds to bust: 144477
Number of rounds to bust: 215548
Number of rounds to bust: 18867
Number of rounds to bust: 201690


Here is the source code (please double check this code -- I didn't bother checking, I just wrote it and ran it).

Quote:



#include
#include
#include

main() {

int bankroll=10000;
int count = 0;
int ball;
int betUnit = 1;
int numberOfRounds=0;
srand(time(NULL));

while (bankroll > 0) {

numberOfRounds++;
ball = rand()%37;

if (ball == 0) {
bankroll += 35*betUnit;
betUnit = 1;
count = 0;
}

else {
count++;
bankroll -= betUnit;

if (count == 34) {
betUnit *= 2;
count = 0;
}

}

}

printf("Number of rounds to bust: %d\n", numberOfRounds);
}


Climate Casino: https://climatecasino.net/climate-casino/
MrPapagiorgio
MrPapagiorgio
  • Threads: 58
  • Posts: 183
Joined: Nov 11, 2009
November 12th, 2009 at 2:42:25 PM permalink
Quote: DJTeddyBear

Are you saying that, if you *never* hit your number, you are betting $1 34 times, and then you're betting $2 34 times, then betting $3 34 times, etc?

Yes, I reslize that it's unlikely to happen, but not impossible either, that your number will not hit 68 or more times in a row.

If my interpretation is correct, then you only need to lose 52 times in a row before a win will not cover your losses.

I.E.: If you have 34 $1 losses, then 18 $2 losses, you're down $70. a win on spin 52, if you've still betting $2, will return $70.

In order to ALWAYS have a positive expectation, you have to shorten the count. I.E. Increase your bet when the net would be zero.

Check out this chart:


Spin Bet Invested Payoff Net Expectation
1 1 1 35 34 0.9722
2 1 2 35 33 0.9452
3 1 3 35 32 0.9190
4 1 4 35 31 0.8934
5 1 5 35 30 0.8686
6 1 6 35 29 0.8445
7 1 7 35 28 0.8210
8 1 8 35 27 0.7982
9 1 9 35 26 0.7761
10 1 10 35 25 0.7545
11 1 11 35 24 0.7335
12 1 12 35 23 0.7132
13 1 13 35 22 0.6933
14 1 14 35 21 0.6741
15 1 15 35 20 0.6554
16 1 16 35 19 0.6372
17 1 17 35 18 0.6195
18 1 18 35 17 0.6023
19 1 19 35 16 0.5855
20 1 20 35 15 0.5693
21 1 21 35 14 0.5534
22 1 22 35 13 0.5381
23 1 23 35 12 0.5231
24 1 24 35 11 0.5086
25 1 25 35 10 0.4945
26 1 26 35 9 0.4807
27 1 27 35 8 0.4674
28 1 28 35 7 0.4544
29 1 29 35 6 0.4418
30 1 30 35 5 0.4295
31 1 31 35 4 0.4176
32 1 32 35 3 0.4060
33 1 33 35 2 0.3947
34 1 34 35 1 0.3837
35 2 36 70 34 0.3731
36 2 38 70 32 0.3627
37 2 40 70 30 0.3526
38 2 42 70 28 0.3428
39 2 44 70 26 0.3333
40 2 46 70 24 0.3241
41 2 48 70 22 0.3151
42 2 50 70 20 0.3063
43 2 52 70 18 0.2978
44 2 54 70 16 0.2895
45 2 56 70 14 0.2815
46 2 58 70 12 0.2737
47 2 60 70 10 0.2661
48 2 62 70 8 0.2587
49 2 64 70 6 0.2515
50 2 66 70 4 0.2445
51 2 68 70 2 0.2377
52 3 71 105 34 0.2311
53 3 74 105 31 0.2247
54 3 77 105 28 0.2184
55 3 80 105 25 0.2124
56 3 83 105 22 0.2065
57 3 86 105 19 0.2007
58 3 89 105 16 0.1952
59 3 92 105 13 0.1897
60 3 95 105 10 0.1845
61 3 98 105 7 0.1793
62 3 101 105 4 0.1744
63 3 104 105 1 0.1695
64 4 108 140 32 0.1648
65 4 112 140 28 0.1602
66 4 116 140 24 0.1558
67 4 120 140 20 0.1515
68 4 124 140 16 0.1473
69 4 128 140 12 0.1432
70 4 132 140 8 0.1392
71 4 136 140 4 0.1353
72 5 141 175 34 0.1316
73 5 146 175 29 0.1279
74 5 151 175 24 0.1244
75 5 156 175 19 0.1209
76 5 161 175 14 0.1175
77 5 166 175 9 0.1143
78 5 171 175 4 0.1111
79 6 177 210 33 0.1080
80 6 183 210 27 0.1050
81 6 189 210 21 0.1021
82 6 195 210 15 0.0993
83 6 201 210 9 0.0965
84 6 207 210 3 0.0938
85 7 214 245 31 0.0912
86 7 221 245 24 0.0887
87 7 228 245 17 0.0862
88 7 235 245 10 0.0838
89 7 242 245 3 0.0815
90 8 250 280 30 0.0792
91 8 258 280 22 0.0770
92 8 266 280 14 0.0749
93 8 274 280 6 0.0728
94 9 283 315 32 0.0708
95 9 292 315 23 0.0688
96 9 301 315 14 0.0669
97 9 310 315 5 0.0651
98 10 320 350 30 0.0632
99 10 330 350 20 0.0615
100 10 340 350 10 0.0598
101 11 351 385 34 0.0581
102 11 362 385 23 0.0565
103 11 373 385 12 0.0549
104 11 384 385 1 0.0534
105 12 396 420 24 0.0519
106 12 408 420 12 0.0505
107 13 421 455 34 0.0491
108 13 434 455 21 0.0477
109 13 447 455 8 0.0464
110 14 461 490 29 0.0451
111 14 475 490 15 0.0439
112 14 489 490 1 0.0426
113 15 504 525 21 0.0414
114 15 519 525 6 0.0403
115 16 535 560 25 0.0392
116 16 551 560 9 0.0381
117 17 568 595 27 0.0370
118 17 585 595 10 0.0360
119 18 603 630 27 0.0350
120 18 621 630 9 0.0340
121 19 640 665 25 0.0331
122 19 659 665 6 0.0322
123 20 679 700 21 0.0313
124 20 699 700 1 0.0304
125 21 720 735 15 0.0296
126 22 742 770 28 0.0287
127 22 764 770 6 0.0279
128 23 787 805 18 0.0272
129 24 811 840 29 0.0264
130 24 835 840 5 0.0257
131 25 860 875 15 0.0250
132 26 886 910 24 0.0243
133 27 913 945 32 0.0236
134 27 940 945 5 0.0229
135 28 968 980 12 0.0223
136 29 997 1015 18 0.0217
137 30 1027 1050 23 0.0211
138 31 1058 1085 27 0.0205
139 32 1090 1120 30 0.0199
140 33 1123 1155 32 0.0194
141 34 1157 1190 33 0.0188
142 35 1192 1225 33 0.0183
143 36 1228 1260 32 0.0178
144 37 1265 1295 30 0.0173
145 38 1303 1330 27 0.0168
146 39 1342 1365 23 0.0164
147 40 1382 1400 18 0.0159
148 41 1423 1435 12 0.0155
149 42 1465 1470 5 0.0150
150 43 1508 1505 -3 0.0146
151 44 1552 1540 -12 0.0142
152 45 1597 1575 -22 0.0138
153 46 1643 1610 -33 0.0134
154 47 1690 1645 -45 0.0131
155 48 1738 1680 -58 0.0127
156 49 1787 1715 -72 0.0123
157 50 1837 1750 -87 0.0120
158 51 1888 1785 -103 0.0117
159 52 1940 1820 -120 0.0113
160 53 1993 1855 -138 0.0110


As you can see, 136 consecutive losses results in a $1000 bankroll being insufficient to cover the next bet.

If you have a bigger bankroll, and suffer 149 consecutive losses, you have to increase your betting unit to keep up.

The Expectation column shows the odds of losing that many times in a row - (35/36)^spin

Yeah, it's unlikely that you'll suffer that many losses, but not impossible either. If you doubt me, think of all the times you passed a roulette table, looed at the board which shows the last dozen spins, and remarked at how many doubles there are. The odds are against that too.

The other obvious broblems are:
- It's time consuming to the point of being boring.
- Look at spin # 63. How'd you like to lose 62 times and then finally hit on # 63? Do I sense a change of strategy coming up? Woo boy. Change the whole chart!



You misread, it is a martingale variant, so the bet is doubled, not incremented by 1 at the end of a cycle. The wins will always cover the losses. The only question is how long will it be until the bank roll or table limit is reached.
So I says to him, I said "Get your own monkey!"
MrPapagiorgio
MrPapagiorgio
  • Threads: 58
  • Posts: 183
Joined: Nov 11, 2009
November 12th, 2009 at 2:50:07 PM permalink
Quote: teliot

All betting systems in roulette lose at the rate


Expected loss = (Total Wagers)*(House Edge).


This system is no exception.


OK, I wrote a computer program to simulate this system. I didn't answer the question you asked exactly as you asked it, but I hope this helps.

This program allows you to make a FULL SIZE bet for your last bet, even if you don't have the funds to cover it, so it is not giving exact results. You didn't specify what to do in that situation, so I took the liberty, since it made the programming easier. The effect of this change was to make the bust times possibly LONGER than they would be if you were limited by your last wager to available funds.


I ran 20 simulations starting with a 1000 unit bankroll and got these number of rounds to bust:


Number of rounds to bust: 4371
Number of rounds to bust: 36080
Number of rounds to bust: 19883
Number of rounds to bust: 422
Number of rounds to bust: 1346
Number of rounds to bust: 196353
Number of rounds to bust: 8103
Number of rounds to bust: 1558
Number of rounds to bust: 2316
Number of rounds to bust: 56821
Number of rounds to bust: 1159
Number of rounds to bust: 874
Number of rounds to bust: 286
Number of rounds to bust: 10016
Number of rounds to bust: 1593
Number of rounds to bust: 15160
Number of rounds to bust: 23162
Number of rounds to bust: 642
Number of rounds to bust: 28209
Number of rounds to bust: 1759

Here are 20 simulations of the same system starting with a 10,000 unit bankroll.


Number of rounds to bust: 118029
Number of rounds to bust: 20969
Number of rounds to bust: 23796
Number of rounds to bust: 36480
Number of rounds to bust: 213409
Number of rounds to bust: 26667
Number of rounds to bust: 15573
Number of rounds to bust: 62811
Number of rounds to bust: 131183
Number of rounds to bust: 11448
Number of rounds to bust: 2762753
Number of rounds to bust: 852206
Number of rounds to bust: 166302
Number of rounds to bust: 141391
Number of rounds to bust: 41295
Number of rounds to bust: 6922
Number of rounds to bust: 144477
Number of rounds to bust: 215548
Number of rounds to bust: 18867
Number of rounds to bust: 201690


Here is the source code (please double check this code -- I didn't bother checking, I just wrote it and ran it).

Quote:



#include
#include
#include

main() {

int bankroll=10000;
int count = 0;
int ball;
int betUnit = 1;
int numberOfRounds=0;
srand(time(NULL));

while (bankroll > 0) {

numberOfRounds++;
ball = rand()%37;

if (ball == 0) {
bankroll += 35*betUnit;
betUnit = 1;
count = 0;
}

else {
count++;
bankroll -= betUnit;

if (count == 34) {
betUnit *= 2;
count = 0;
}

}

}

printf("Number of rounds to bust: %d\n", numberOfRounds);
}




Thanks, that's really cool. How many BetUnits does it take to hit a bankroll of 10000?
So I says to him, I said "Get your own monkey!"
pacomartin
pacomartin
  • Threads: 649
  • Posts: 7895
Joined: Jan 14, 2010
January 14th, 2010 at 12:03:43 PM permalink
Perhaps this simpler question may help you understand the Martingale fallacy. Typically a table will let you lose 6 times in a row before you hit the table maximum. Assume no house edge (i.e. coin toss).
For you to lose 6 times in a row out of your first 6 tosses is 1/64 (1/2^6).
----------------
The common fallacy is that losing 6 times in a row is a relatively rare circumstance. But the reality is that it takes only 89 tosses of a coin until you have a 50/50 probability of losing 6 tosses in a row. If you are playing Martingale, by the time you get to 89 tosses, there is a very low probability that you will have doubled your bankroll. The more tosses you do the higher the probability is that you will lose 6 in a row.
================
If you find a game that lets you lose 7 8 or 9 times in a row before you hit the table maximum, doesn't change the odds at all. Because your bankroll must be larger you will still never get very far before your odds are over 50% that you will lose the required number of times in a row.
================
The house edge only hurts you by decreasing the number of tosses before you hit 50%. Keep in mind that many games pay "bonus amounts" (blackjack, field bet in craps). This has the effect of allowing the game to have a much lower probability of a player loss, while keeping the house edge tolerable. It greatly increases the probability of losing 6,7,8 or 9 in a row.
===============
Define the term "minimum bankroll" required to be the minimum you must have to cover the losses of 6,7,8,or 9 losses in a row. For example if you are playing a game that will have 6 losses in a row you need 63*minimum bet.
===============
In summary (1) there is a proven psychological block in all human beings that make people think that long losing streaks are unlikely. It has been verified over and over. (2) The mathematics of streak calculation are very high level graduate math, usually involving the Markov transition matrix. (3) Even without a house edge, the odds of you "losing x times in a row" before you double your "minimum bankroll" (see definition above) are 2:1. It is far from a sure thing, and it doesn't matter if you find a table that large maximum/minimum ratio. The highest I've ever seen in vegas is 9 losses in a row.
=================
Credentials: Master's degree in mathematics.
pacomartin
pacomartin
  • Threads: 649
  • Posts: 7895
Joined: Jan 14, 2010
January 14th, 2010 at 12:16:42 PM permalink
There is a game you can play that will show you about streaks (and by extension the Martingale theory). Print some blank pieces of paper with a 15 by 15 grid of empty boxes.

It's a betting game with you and two players. Player A will fill out the matrix with H, or T filled in "randomly" by the player. He must fill out the rows in by himself (row by row). Player B will fill out the matrix using some kind of device (flipping a coin or rolling a dice) using H or T (heads or Tails). A dice takes less time because it is tedious to flip a coin 215 times.

You don't know which method the players used. Bet them $100 each that you can tell them if they made up the data, or if they used a dice (or coin) just by looking at their papers. Of course, the game requires them to be honest.

Most people will take this bet thinking there is no way for you to know how the data was derived. Almost everyone who is making up data will think a run of 6 in a row (either H or T) is very unlikely and will stop streaks that are this long. In reality there is much less than a 3% chance that you will NOT have a streak of 6 or more out of 215. Just look at the paper and look for streaks of 6 or more in a row. That will be the data generated by a dice (or coin).

It is harder than most people think to make up random data.
markos
markos
  • Threads: 1
  • Posts: 3
Joined: Jan 13, 2010
January 15th, 2010 at 9:50:28 AM permalink
Is it possible to lose 20 times in a row?How often does this happen?
DJTeddyBear
DJTeddyBear
  • Threads: 210
  • Posts: 11060
Joined: Nov 2, 2009
January 15th, 2010 at 10:08:20 AM permalink
Quote: markos

Is it possible to lose 20 times in a row?How often does this happen?

Not only is it 'possible', it's the normal result. You'll lose 20 times in a row, about 57% of the time.

To stretch things out a bit, about 10% of the time, you'll get 82 losses in a row!
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
sallyandmilt
sallyandmilt
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February 1st, 2010 at 3:29:22 PM permalink
I'm not as much a mathematician as most of you seem to be, but I was a roulette dealer for a casino party company in Virginia before moving to Las Vegas. Frequently, before guests arrived for a party, I would make a number of spins of the wheel and put a chip on each number that came up, to see how many spins it would take to cover every number on the table. The least number of spins I ever made was 88, the most well over 200 (the guests arrived before the number 34 hit) and most frequently the number was between 120 and 130 spins.

The norm was that most numbers would have appeared after about 90 or 100 spins, but the last two or three numbers just wouldn't drop. Incidentally, we were using standard Vegas wheels, not some "play" type wheels that you might think could influence the outcome.

Another roulette "system" which is "guaranteed" to work is the Steele system, where a bet is made on the dozen (pay at 2:1) which came up furthest from the current spin, then increasing the bet in an incremental series (1,1,2,3,6,9,14,21,31 . . .), each payoff of which covers all previous losses. It's an easy setup to check on Excel. HOWEVER, one soon realizes that a very large bet has to be made after a number of consecutive losses, and the table limit makes it imperative to switch to inside bets to cover the losses for a very small gain. SO, I certainly don't recommend it. I did win using it once in Atlantic City, then abandoned it the second time around, since that time the second 12 didn't hit for 24 consecutive spins. (I quit long before that.)
pacomartin
pacomartin
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February 1st, 2010 at 6:28:44 PM permalink
Quote: DJTeddyBear

Quote: markos

Is it possible to lose 20 times in a row?How often does this happen?

Not only is it 'possible', it's the normal result. You'll lose 20 times in a row, about 57% of the time.

To stretch things out a bit, about 10% of the time, you'll get 82 losses in a row!



I think DJTeddyBear meant is it possible to lose 20 times in a row if you were betting black (or red). The odds of coming up 20 times in a row as black or red (where 0 or 00 doesn't break the streak) out of 1000 spins are 0.11844%.

I believe that the all time record is still 26 set almost a century ago.
DJTeddyBear
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February 1st, 2010 at 7:24:56 PM permalink
Actually, I was talking about the chance of losing a NUMBER bet in roulette. I didn't realize that the thread took a turn and was talking about the even money bets.


But regarding your comment: The odds of seeing Red hit 'x' times in a row, is identical to the odds of correctly betting on Red or Black 'x' times in a row.

Note: You can change your bet, even change it to one of the other even money bets. The key is to simplify it. Seeing Red is an 'event'. Correctly guessing is an 'event'. Since the individual odds of the events are the same, so are the odds of consecutive events.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
pacomartin
pacomartin
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September 5th, 2012 at 11:59:47 AM permalink
Quote: markos

Is it possible to lose 20 times in a row?How often does this happen?



In roulette, you are expected to lose 20 times in a row on average after 793,564 spins. Considering there are 467 roulette wheels in the state of Nevada, that would amount to only 1700 even money bets per day per wheel. So there is a high probability that someone will lose that many times somewhere in NV every day.
buzzpaff
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September 5th, 2012 at 12:01:50 PM permalink
But that does not mean you will be that person. Get on that next plan to Vegas NOW !!
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