Only way to beat the house

[sandra]

The only sure fire way I have come up with that wins in gambling against the house is when there is a 1 to 2 odds on anything, like red and black in roulette.

Start with a starting bet lets say 'x'.
You bet that amount and if you lose it you bet '2x' then '4x' and so on...
when you win you come back to 'x' and have won a total of 'x'.

If you won at the 4th try, you have put in 'x+2x+4x+8x=15x' and have won 16x which would give a net profit of one bet.

Cant logically find any other way of winning inless playing against players like in poker

[bpd67]

Until 1 color hits 23 times in a row and you can't go above the max on the table. Won't work.

[Special K 22]

I agree with BPD. The system you are referring to is the Martingale and is one of the oldest systems for gambling. A major reason why casinos put high limits, especially on games like roulette is to curtail this. Also, picking red or black isn't truly 50/50. Remember that depending on the wheel you'll have a 0 (European) or both a 0 and a 00 (American) in it as well. Also, you never know how long a streak can go on for and when you're doubling up on every loss you soon could end up blowing your entire bankroll. This system doesn't change a game from being a negative expectation one into a positive expectation game. In other words, play this long enough and you are destined to lose money. The particularly bad thing about this system is that once the inevitable long losing streak hits, you are putting a lot of money at risk for a very small reward.

[grandmaster]

ahh, martingale.