Frayamanda
Frayamanda
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Joined: Jul 4, 2014
July 4th, 2014 at 5:38:02 AM permalink
Hello - just signed up, thanks for letting me in!

I once heard that there was a prize for a strategy that would always prove a winner over a large number of spins, is this still going?
If it is perhaps a simple principle to adopt is this very basic idea.

Over lets say 1000000 spins the differential between any 1/1 payout is very small perhaps only 5% (think I got that from another site somewhere!)
The idea is to start with a base bet of 1 unit on any one 1/1 payout and continue betting by increasing your bet by 1 unit regardless of outcome.

Here is a small example:

bet 1 x -1
bet 2 x -3
bet 3 x -6
bet 4 x -10
bet 5 x -15
bet 6 x -21
bet 7 x -28
bet 8 x -36
bet 9 x -45
bet 10 x -55 here you have lost 10 straight bets and are 55 units down.
bet 11 win -44
bet 12 win -32
bet 13 win -19
bet 14 win -5
bet 15 win +10 here you have won only 5 bets and are now in profit.

This is very simplified but the principle is - loose 10 win 5 on evens where you have a slightly less than 50% win chance and you end up with a profit.

I am fortunate to live in the UK (betting wise) and can play with the single zero and on Betvoyager the 'No Zero' - here you have a genuine 50/50 chance.

With this progressive strategy if you used the 0.01 option you would never reach house max.
Assuming that the differential between the outcomes of the 1/1 payouts were indeed only 5% per million spins this strategy would still win if the differential were over 15%! Short term this would not be the case as the differential is often over 25% (and sometimes more - ask Murphy or Sod!)

If the prize for winning over 1 million spins were still available this may work. Perhaps someone here with a simulator could give it a try!

Ok, it's my first post so please be gentle!


Regards.
dwheatley
dwheatley
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Joined: Nov 16, 2009
July 4th, 2014 at 7:03:20 AM permalink
If you lose even some of your last 5,10,20 etc. bets in a row, you will not make a profit. And you have a very good chance of doing that.

The contest lives, but this won't work.
Wisdom is the quality that keeps you out of situations where you would otherwise need it
ThatDonGuy
ThatDonGuy
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Joined: Jun 22, 2011
July 4th, 2014 at 7:40:09 AM permalink
The problem with the system is, if all of the wins are losses and all of the losses are wins, then you have lost money even though you won 10 out of 15 bets.

No system on an even-money bet that does not depend on outcome in some way (e.g. in a Martingale, reducing the bet back to the starting point after each win) can "always" be a winner, for one simple reason; if you have a series of results that ends up making money, then, by replacing all of the wins with losses and all of the losses with wins, you have a series of results that loses money.
Frayamanda
Frayamanda
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Joined: Jul 4, 2014
July 4th, 2014 at 9:02:40 AM permalink
Thanks guys, it was just a thought!
I didn't expect that such a simple thing would have gone unpunished till now.

It,s good that we have Betvoyager - at least you can bet small odds and have a sort of 50/50 chance sometimes. Is there any 'advantage' play that we can use on this site? or maybe that has been covered in past topics.

Many thanks.
thecesspit
thecesspit
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Joined: Apr 19, 2010
July 4th, 2014 at 9:16:53 AM permalink
Quote: Frayamanda

Thanks guys, it was just a thought!
I didn't expect that such a simple thing would have gone unpunished till now.

It,s good that we have Betvoyager - at least you can bet small odds and have a sort of 50/50 chance sometimes. Is there any 'advantage' play that we can use on this site? or maybe that has been covered in past topics.

Many thanks.



Every spin is independent of the last. You can't add a series of bets where each bet has zero expected value to make it sum to more than zero.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
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