I've said before that it's not a way of breaking Vegas, but more a way of minimizing your losses.
Wrong,it is a way of maximizing your losses,not minimizing them
If you bet $10 minimum, and double the bet when you lose (including double-downs and pair splitting) you'll win $10 over and over again.
Say you bet $10 and lose, bet $20 and lose, and then bet $40 and win. You'll win back the $30 you've lost, plus $10. If you lose $10, $20, $40, $80 (so far you've lost $150) when you get paid on your next $160 bet, you get back all you've lost, plus $10. It plays out that way no matter how many hands you lose once you win. If you lose 30 hands, you'll recoup all of your money, plus $10 once you finally win a hand.
Provided you had the 75,000,000,000 needed to make that last bet,you'd be correct,provided you could find a casino willing to book the bet
Of course, you'll have losing streaks, as well as winning streaks... double-down and pair-splitting opportunities. You'll also need enough cash to see you through the hard times, as you would anytime you sit down at a BJ table, whether you were using a system or not.
See my above comment.
I played this afternoon at the kitchen table and dealt to three hands. Two would raise their bet on wins, and third base doubled on losses. After one 6-deck shoe, third base was ahead $305, from a $1,000 start. It doesn't always work, and you need to have the discipline to walk away (or start over) when it doesn't, just as you would any time you were having a bad session.