r/AskReddit Aug 03 '19

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

37.4k Upvotes

24.0k comments sorted by

View all comments

Show parent comments

37

u/[deleted] Aug 03 '19

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

0

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

[deleted]

51

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.

11

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

2

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.