Martingale on the field bet

Lately I've been messing around with a Marty field bet system at home to see how long I can last before busting out and the results are a bit interesting...

I started with $1.3K bankroll (enough for 8 bets at a $5 table) and I've made $2.6K in profit.

There were a few times when I was up to a fairly large bet after several losses and then a 2 or 12 appeared.

In order to prolong the inevitable bust out, I only start betting after 2 field losses.

I've already seen 8 consecutive field losses twice and 9 losses once since starting this simulation, so the waiting for 2 losses is definitely helping me last longer.

I once encountered 15 consecutive field losses in a practice session last year, so I'm curious how much profit I can make before I finally bust out.

I may attempt this system in the near future and limit my winnings to $50 per casino session, just enough for a free steak dinner... LOL

What exactly are you trying to accomplish with these simulations? The math has already been worked out for both this and the other 'system' you wrote about previously.

Quote: drjohnny

I once encountered 15 consecutive field losses in a practice session last year, so I'm curious how much profit I can make before I finally bust out.

What is the difference if you are going to bust out? Still leaving with empty pockets.

Quote: AZDuffman

What is the difference if you are going to bust out? Still leaving with empty pockets.

Right now it seems like this system can yield a good amount of profit before that killer streak of +10 field losses appears and destroys your bankroll.

Quote: drjohnny

Right now it seems like this system can yield a good amount of profit before that killer streak of +10 field losses appears and destroys your bankroll.

I teach people how to play craps and deal it at parties, the bets there work the same as the real thing. The Field Bet is made to seem easy and not intimidating to newer players. When player I want to get rid of I start pushing the Field Bet. I once had a table of players nearly cleaned my bank betting the Field Bet. Ten minutes later I had almost every chip in the rail back in my bank.

Need I say more?

ANY system can yield a good amount of profit before it destroys your bankroll. Duh!

At least you recognize that this is not a system to beat the casino. If you want to consider Martingale harmless, though, you would have to be able to say you often increase your bets when you play anyway.

Quote: Beethoven9th

ANY system can yield a good amount of profit before it destroys your bankroll. Duh!

My sentiments exactly. I was playing the WoO PGP game day before yesterday using a, "Cover the Commission," Martingale and got up to $2,600 with a starting bankroll of $1,000...completely meaningless result.

Quote: Beethoven9th

ANY system can yield a good amount of profit before it destroys your bankroll. Duh!

If you have a really special system, it can destroy your bank roll before you make a massive profit (increase bet on a win rather than a loss)

Reverse Marty still has a better overall EV on the initial $2.00 bet than buying a Powerball ticket, though.

Quote: Mission146

Reverse Marty still has a better overall EV on the initial $2.00 bet than buying a Powerball ticket, though.

But "If you don't play, you can't win......." I'm not a regular player, but I get seduced by 9 digit jackpots sometimes and have to buy a ticket. No excuse for the bad math bet, but it's still better odds than 0x152,400,450 or whatever. Forum, forgive me, for I have sinned.

Quote: beachbumbabs

But "If you don't play, you can't win......." I'm not a regular player, but I get seduced by 9 digit jackpots sometimes and have to buy a ticket. No excuse for the bad math bet, but it's still better odds than 0x152,400,450 or whatever. Forum, forgive me, for I have sinned.

If you don't play, you also can't lose!

I've stated my opinion on the lottery which is: I really have no problem with the concept of a lottery or the people who play it. I don't play the PB, but I can see the entertainment value in that $2.00 venture. You can go around with the ticket in your wallet or purse all day, and you have the right to imagine what it would be like to win 250 million dollars, or whatever. Like you said, if you don't play, you can't win. The ticket is a $2.00 right to dream for a day or for a few days, so there's some entertainment value. You obviously don't last as long with the $2.00 Reverse Marty, plus you eventually wouldn't find a place willing to book your 100+ million action, if you did win.
'
How committed to the Reverse Marty could you be, anyway? The last time I played VP was a few months ago, just screwing around, and I decided I would double-up any winning hand until I reached the point that it was a handpay. Betting $1.25/hand, I hit a $5.00 4OaK on Deuces Wild, doubled down until I was up to $40 and chickened out!

Anyway, the main thing Wizard tends to look at is EV rather than actual odds of winning, because if you only looked at probability of winning, there are actually plenty of advantage plays you would actively avoid. Your expected value of $0.00 that comes with not playing the Powerball is much better than that of playing, except when the jackpot (accounting for the probability of a split) is such that it is +EV. Some people would also look at taxes, not me, there are plent of VP advantage plays resulting in a handpay where you have to pay taxes...and people don't seem to get too uptight about that.

Of course, $1200 (or about that) is much easier to offset with losses than 300 million!!!

I managed to get my profit up to about $2.8K before a killer streak of 11 field losses wiped away more than $2.5K.

It was fun while it lasted.

Quote: drjohnny

It was fun while it lasted.

I damn well hope so!

I didn't have any fun losing $10k+ at craps.

Martingale would be as effective as any "system" on the Field at Santa Anita Star in ABQ, where it has a 0% House Edge.