Quote Originally Posted by Cocco_Bill
Quote Originally Posted by Greedo017
well, i can't exactly say i agree with you there. true, it only works with infinite money and no upper limit.

but, let's say you start by betting 1 cent. every time you double it. you start with a bankroll of 80,000.

.01-.02-.04-.08-.16-.32-.64-1.28-2.5-5-10-20-40-80-160-320-640-1280-2500-5000-10000-20000-40000.

while, true, each bet has a 50-50 chance of coming up, the odds of 23 straight of one color in a row are .000000238.

True, while this will happen sometimes, if you honestly think it will happen to you, i'm surprised you do any sort of gambling at all.
If we had a casino with 100000 new customers a day playing one hour exactly the structure you presented for a whole year, they would make a lot of money! In fact they would make as much as the house edge in the game played!

Now the overwhelming majority of these dayly 100000 customers would walk away with a very small profit as they will be winning 1 cent at a time, but the few that do bust out by losing 23 times in a row will more than make up for this.

The house edge remains the house edge, this system changes nothing.

Well stated, Cocco. Amazing how many people can't grasp this concept.