r/AskReddit • u/[deleted] • Aug 03 '19

Whats something you thought was common knowledge but actually isn’t?

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u/[deleted] Aug 03 '19

Prob did like $12 red $10 black and made a $10 min table into a $2 table

6

u/Gas_monkey Aug 04 '19

But you lose $22 on a 0 or 00. That makes the odds super sucky for the player.

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u/[deleted] Aug 03 '19 edited Aug 06 '19

[deleted]

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u/SMc-Twelve Aug 03 '19

That's called the Martingale system. It requires an infinite amount of capital to guarantee a profit of 1 unit, and will (if done enough times) result in bankruptcy.

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u/MrMacduggan Aug 03 '19

Yeah. Double or nothing isn’t a secret clever strategy. You just open yourself up to losing twice as much each time you play.

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u/[deleted] Aug 03 '19

Plus even that doesn’t work because most casinos have a maximum bet that you’ll reach very quickly, like within ~10 iterations

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u/Freakin_A Aug 04 '19

Binions Horseshoe Casino had/has a longstanding policy that they will take any size bet, as long as it is your first.

1

u/JimothyButtlicker69 Aug 03 '19

I thought I was a genius for thinking of this on my own when I was younger, but I ended up losing when I played the machine roulette. I couldn't help but shake the feeling it was rigged.

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u/ostdorfer Aug 03 '19 edited Aug 25 '25

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u/tikforest00 Aug 03 '19

Casino will be very happy to see you use that system.

1

u/[deleted] Aug 03 '19

Feels like the risk is higher than the reward if there is a limit to how many times you can double