Kasi said:
Just wondering what u plan to do with the information? Design a betting system?
No need to reply if it's private.
Not private at all. And, yes, I'm trying to be the first person to ever design a progressive betting system that works, lol. I started out gambling hard core 4 years ago. I started counting cards with Brice Carlson's "Blackjack for Blood" counting system, but I didn't understand that counting doesn't change the # of hands you win/lose, so I was lucky to break even after 2 years of counting. The past 2 years I have gone broke playing NL Texas, and 7 card stud.
I feel like I have finally learned enough that I can make a run at a reliable income, and I feel like blackjack is the best game for that.
Here's my progressive betting strategy that I am trying to calculate-
Assume $5 is your betting unit.
Lose 5 hands in a row, then Martingale it- $25, $50, $100, ect....
My theory is that at some point, the frequency of losing x number of hands in a row will decrease to a point where when you finally do hit that big loser, you will have made more money up to that point than you lose.
To say it another way, I want to lose 5 hands in a row, then Martingale it up to a point where I will bust out on the 15th hand, with the theory that the money I have made on my previous winning sessions will be more than the money that I make on that one losing session, because the frequency of losing 15 hands in a row will be outwayed by all of the times I have succesfully Martingale'd.
My basis of this theory is that if you graph out the number of losing streaks that you will have over 100,000 hands ( x losing streaks of 3 hands, y losing streaks of 4 hands, z losing streaks of 5 hands, ect...), the graph is a curve, not a straight line.
I know that the chances of this working is slim, but I don't understand mathmatically why, so I am digging into the numbers.