FLASH1296 said:
It is extremely misleading to look at it that way. You are not doing yourself a favor.
It is 'fatally wrong' to look at it from that perspective, simply because there is no way that you will play and succeed in winning ONE UNIT and quit for the day.
You will restart your series of wagers many times. Perhaps as many as 50, 75, or 100 times over the course of your session. So many times that, in fact, you quickly become a favorite to go "belly up" within one or two sessions.
Think about it. For simplicity's sake let's say that you have deep pockets, a high limit table game, and nerves of steel. We will assume that once in a hundred times you will fail to finalize your series of bets with a win. As you are positing a success rate of 99%, that means an expected failure rate of 1%, which means that if you play the series of progressive bets just 100 times, you are "even money" to "go broke".
This is essentially what happens with all progressive betting schemes; and it is why the casino will gladly let you right down your results as you play in order to keep track of your progressions or regressions, etc. Indeed, if you are playing for high enough stakes the casino will certainly send a limo for you; as they have done for nearly a century for the hundreds of thousands of suckers before you who have had the same or similar not-quite-accurate notion that the casinos are charitable foundations that are itching to give you their money.
It is 'fatally wrong' to look at it from that perspective, simply because there is no way that you will play and succeed in winning ONE UNIT and quit for the day.
You will restart your series of wagers many times. Perhaps as many as 50, 75, or 100 times over the course of your session. So many times that, in fact, you quickly become a favorite to go "belly up" within one or two sessions.
Think about it. For simplicity's sake let's say that you have deep pockets, a high limit table game, and nerves of steel. We will assume that once in a hundred times you will fail to finalize your series of bets with a win. As you are positing a success rate of 99%, that means an expected failure rate of 1%, which means that if you play the series of progressive bets just 100 times, you are "even money" to "go broke".
This is essentially what happens with all progressive betting schemes; and it is why the casino will gladly let you right down your results as you play in order to keep track of your progressions or regressions, etc. Indeed, if you are playing for high enough stakes the casino will certainly send a limo for you; as they have done for nearly a century for the hundreds of thousands of suckers before you who have had the same or similar not-quite-accurate notion that the casinos are charitable foundations that are itching to give you their money.