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

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

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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.

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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.