Originally posted by forkedknight Yes, see my thread titled "Blackjack" if you care to look at this further. You need a table that will allow a bet range between $1 and $2048 (unheard of -- most casinos allow $5-100 for the cheap tables) in order to have a 23% chance to win $2048. That betting strategy just doesn't hold up in a real casino.
Then my point (2) holds. If your not permitted to bet any 2^n dollar, then you will eventually lose all what you have. And (4) too, if it's not permitted by the casino.
I've never been to a casino, well, I've never bet anything anyway.
Originally posted by eatmybishop yes, of course, i forgot about that... i guess this is why card counting comes in handy....
how about if i bet $1 and lose, i bet $2, if i lose i bet $4... etc.... surely eventually i would win and win my money back... i'm sure this is nothing new but wondered why more people dont do it
This is called the Martingale betting system, and it has been used and marketed to the unwary countless times - since the 18th century in France, according to Wikipedia:
The problem is it doesn't change the house advantage one bit, it just makes the bankroll swings much more extreme. The Wizard has an article on this, too:
Originally posted by forkedknight Yes, see my thread titled "Blackjack" if you care to look at this further. You need a table that will allow a bet range between $1 and $2048 (unheard of -- most casinos allow $5-100 for the cheap tables) in order to have a 23% chance to win $2048. That betting strategy just doesn't hold up in a real casino.
Originally posted by FabianFnas The reason it's not used very much is that (1) you only win $1 each time, (2) you risc losing everything you have with a certain probability (3) It's not fun in the long run and (4) is it permitted in the first hand by the casino?
4. yes, theyll let you bet like this, only because theyll end up taking your money all the same when you do this many, many, many times..
the first 25 times you might win a tiny bit of money, but then what happens is you eventually lose it all, making it worse of a plan than someone just playing normal
Originally posted by eatmybishop why isnt it 50/50... if both players have to get to 21 from random cards how can one person be favourite... does the dealer win on a draw?
Because if both the dealer and the player bust, the player loses his money to the dealer.
Ok, even if the chances were 50/50, even if they are slightly in your favour, if you keep playing the casino will win all your money. If you kept on betting, you would lose because the casinos capital is much greater that yours.
I nearly always come out ahead at the sports book. Sure the room gets a vig but if you look hard enough you spot some very reachable and favorable conclusions.
the best thing to do is play a game that you're skilled at.. not a game where you have the same chance anyone else has.
ex: you're good at poker, play that because you have a chance of winning
Originally posted by Dejection Ok, even if the chances were 50/50, even if they are slightly in your favour, if you keep playing the casino will win all your money. If you kept on betting, you would lose because the casinos capital is much greater that yours.
That doesn't matter because the player is not forced to bet everything at once. He can stay in the range where he always has a significant reserve.
You're in the Puzzles/Posers forum. It doesn't have to have anything to do with chess. In fact, a number of the other threads are equally un-chess-related.
They wouldnt have greater odds as such. If they were all splitting the money between them then I guess you could call it "BETTER ODDS OF WINNING"because there are several of them against the dealer. Its just they would know whether to fold or not because they would know what cards each other had, like if the majority of them had high cards in there hands like jacks or 10's etc, then theywould probably take a hit and go for it, all in all they would just have a better idea of what was left in the pack that the dealer has.
Originally posted by Coconut uh. no. If the odds are slightly in your favor, you will win overall.
Im not saying overall, I'm saying that since the casino has relativley infinite amount of money compared to the player, the player will lose all his money first, and thus be unable to continue playing. Unfair, but that's what happens if you keep on gambling, again and again (many gamblers seem to do this).
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27 Jun '08 05:17
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