I know everyone says the martingale strategy won't work but can you please explain it to me if I do it this way?
I have a casino where the table minimum is 1$ and the max is 5000$.
I bet 1$ and double every loss. Now what are the chances that I lose 10 hands in a row before winning 1023 times?
If the number is below 50% then I'll have 1023$ bankroll sessions using 1$ bets and doubling losses until I have 2046$ in my bankroll. Once I get to 2046$ I cashout and restart at 1023$. It seems to me the chances of getting 10 loses in a row are lower than winning 1023 times.
I have a casino where the table minimum is 1$ and the max is 5000$.
I bet 1$ and double every loss. Now what are the chances that I lose 10 hands in a row before winning 1023 times?
If the number is below 50% then I'll have 1023$ bankroll sessions using 1$ bets and doubling losses until I have 2046$ in my bankroll. Once I get to 2046$ I cashout and restart at 1023$. It seems to me the chances of getting 10 loses in a row are lower than winning 1023 times.