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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (56398)	11/30/2001 4:36:58 PM
From: Moominoid	Read Replies (1) \| Respond to of 94695

I read a bit on the rules now on that same site. The red/black bet is very unattractive. All you need is a bet that pays off 2 to 1 or better, doesn't matter how often and if you keep doubling your bets until you win you will make money. Trouble with the pokies was some payoffs were even under 1:1. I guess if it really does have a payout ratio of 90% and you played all day you would win, but you have to have a lot of money you are willing to pump in to try that. roulette-systems.com According to this they just give you your money back on red/black not double it... that doesn't sound like much fun. Unless I'm reading that wrong - so they pay you 1 back plus your bet? The easiest would be betting on the dozens or columns witha 2 to 1 ratio. They would pay off fairly reguraly so you wouldn't be pushed to huge bets. On the the percent profit would be lower... I guess they throw you out of the Casino after a while if you keep doing some scheme like that? David

To: William H Huebl who wrote (56398)	12/2/2001 10:53:54 AM
From: mishedlo	Read Replies (2) \| Respond to of 94695

Those martingale systems are terrible. I can not believe someone recommending systems that escalate bets when one is losing. This is exactly opposite of proper money management. I do not propose to figure out split martingale but let's talk straight doubling of bets when you lose. If you lose 6 bets in a row, on the 7th bet assuming you started betting $5, you need to bet $160 just to break even. Two more losses and you are are at the house limit perhaps, needing to win a $500 bet JUST TO BREAK EVEN. This is absurd. Over time you will have winning streaks and losing streaks. Proper money management says you would be better off doubling up (letting it ride) on the winning streaks and betting single units (original bets) on a losing streak. Suppose you say a max of letting it ride at 5 times. If you lose 5 in a row you will be out $25. If you win 5 in a row, 10-20-40-80-160 you pull off $160. Odds says you will have an equal number of 5 wins in row as well as 5 losses in a row. You tell me, does it make sense to collect $25 on 5 wins in a row and lose $160 on 5 losses in row? A better system yet is to pull some off the table such as this. Win the first and you have $10. Let it ride and win and you have $20. Pull $5 off. now, no matter what happens you are at least even. If you win that bet you are $30 up and let $20 of it ride. Now you can lose that bet and an additional 3 bets in a row at $5 each and still be even. This is proper money management and the only way to have a reasonable chance of winning IMHO. The odds are in their favor but if you are at all streaky (and those days will happen), then you will be winning more on the good streaks than you will be losing on the bad ones. Martingale systems suck IMHO as you are increasing your bets when losing and run the risk of getting wiped out or bumping up against the house limit, praying for a win (just to break even) should you start off with a series of losses. BTW red/black odd even is not 50/50 becaue of 0 and 00 (green) 2/38 or 1/14 I believe. Over the long haul the house will kill you on that %. In Europe (I am told that there is only one 0 and the house only takes 1/2 your bet it it comes up). Not sure if that is still true but I read that in a book a long time ago. A huge huge difference in odds against you in the US vs Europe if that is still true. M