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How to enjoy gambling (Russian roulette style)
Posted on: December 18, 2008, at 09:33:14am

Here's a pretty defensive gambling theory.

[place or take]
(n): (bets)
1: 10
2: 10 x2
3: 50
4: 100
5: 100 x2
6: 500
7: 1000
8: 1000 x2
9: 5000
10: 10000
11: 10000 x2
12: 50000
13: 100000
14: 100000 x2

- Starting from 1.
- If you lose n, then go to n+1.
- If you win n, then go back to 1.
- If you draw n, then try n again.
- When you have higher lose streak, maybe you can start from higher bets than usual.

You can always win unless you lose all of 1-14 process(less than 0.01%, but you may lose almost 400k).

ps I quit gambling anyway.

----- Final Record -----
Credits Won: 350,642
Credits Lost: 230,810
Best Win Streak: 8
Worst Lose Streak: 12

Total - 371 Bets (194 Wins / 177 Losses / 52.3% Win Ratio)
Placed - 203 Bets (98 Wins / 105 Losses / 48.3% Win Ratio)
Taken - 168 Bets (96 Wins / 72 Losses / 57.1% Win Ratio)

  1. square1: Frozen Beat
    Posted at 10:29pm on December 18th, 2008

    holy fuck when was the last time u had an rt ._.;

  2. square2: tangomango
    Posted at 8:14pm on December 19th, 2008

    I do this, but always let my impatience get the best of me xD

  3. square3: Breakdown16
    Posted at 12:29am on December 20th, 2008

    I tried something like this, and I ended up in the negatives. Maybe your strategy is better than mine, but I'd still be wary.

  4. square4: jimerax
    Posted at 12:55am on December 21st, 2008

    You always need to be cool at gambling to keep this theory.

  5. square5: Breakdown16
    Posted at 4:57pm on December 21st, 2008

    "Cool" as in "calm," right?

  6. square6: argo15
    Posted at 6:43pm on December 31st, 2008

    heh, you need to have a lot in the first place in order to do this.

  7. square7: jimerax
    Posted at 11:39pm on January 3rd, 2009

    yeah, however you can follow a part of this theory with fewer credits.

  8. square8: 1739
    Posted at 2:59am on March 24th, 2009

    This theory isn't sound at all. You'll most likely hang on to your credits much longer than if you were to just bet a bunch of high sums at random, but the expected value of each bet (and therefore the sum of your bets) will still be slightly negative since the house takes 1%.
    The chance of losing all 14 rounds is very small, but the chance of winning big (compared to 400k) is very very small as well. Your plan is almost identical to the Martingale betting system: http://en.wikipedia.org/wiki/Martingale_(betting_system)
    If you continue using this strategy for long enough the probability of losing all your credits will approach 1. In fact, even if the house didn't take 1% and a victory exactly doubled your bet, you would still almost certainly run out of money against an opponent with effectively unlimited funds (this is basically the case here because there will pretty much always be somebody with credits to bet you in the gambling hall).
    Because the expected value is only

  9. square9: 1739
    Posted at 3:04am on March 24th, 2009

    ...slightly negative you still have pretty good odds (albeit under 50%) of coming out ahead even after many bets.