Roulette & 50/50 Gambling

This is a discussion on Roulette & 50/50 Gambling within the General Trading Chat forums, part of the To Be Sorted category; Originally Posted by pseudo straddle It's the commission that gets yer! No commission on it... max bets though....

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Old Jun 3, 2008, 6:12am   #25
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Default Re: Roulette & 50/50 Gambling
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Originally Posted by pseudo straddle View Post
It's the commission that gets yer!
No commission on it... max bets though.
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Old Jun 11, 2008, 10:26am   #26
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incidentally I met a guy on holiday recently who claimed he made his living doing red/black in the casino. he "claimed" for 5 years he had consistently made 3000 euros per month doing this. he had a big pot and if he lost he doubled up.
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Old Jun 11, 2008, 10:42am   #27
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incidentally I met a guy on holiday recently who claimed he made his living doing red/black in the casino. he "claimed" for 5 years he had consistently made 3000 euros per month doing this. he had a big pot and if he lost he doubled up.


Problem with the system is his pot is not big enough, no matter how big it is!!

probablistically he could be ok for another 5 years then go on a long loosing streak and blow the lot.. this is what normally happens to most people in the gambling game...

quite while your ahead !!
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Old Jun 12, 2008, 3:56am   #28
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Default Re: Roulette & 50/50 Gambling
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Originally Posted by advfntrader View Post
incidentally I met a guy on holiday recently who claimed he made his living doing red/black in the casino. he "claimed" for 5 years he had consistently made 3000 euros per month doing this. he had a big pot and if he lost he doubled up.
The thread has now gone full circle.
advfntrader, your holiday acquaintance will, in all probability, go broke sooner or later - refer to the Martingale and gamblers ruin links provided on page 1.
Tim.
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Old Dec 23, 2009, 6:44pm   #29
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this is a pdf book converted on to a website for exploration check and comments very very welcomed... might be helpful to help you on this situation...

roulette betting system
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Old Dec 24, 2009, 1:05am   #30
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The main problem with betting methods is the consecutive losing bets.If the number of losing bets increases ,the increasing bet sizes can blow your account.

Now what would happen if a consortium went on a betting spree, and applied a coordinated scaling up and scaling down strategy?It might work better than a single betting sequence.

Apply a highly sophisticated betting method on non random moves,as opposed to random outcomes in a casino,it would work.
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