chrisrieom

21st February 2014, 12:13 PM

Someone please explain to me, why this, in theory, shouldn't result in an overall "Win".

Ok, lets say you only bet on football games. You always bet on the favorite with the lowest odds always being somewhere around 2.0-2,35. You do not bet on X, nor the underdog team. You ALWAYS bet on the favorite team with odds being around 2.0-2,35 all the time.

Now, you start betting on one match for lets say 100bucks.

IF you lose, you bet on a new match with exactly the same conditions as mentioned above, and bet the 100bucks you lost, PLUS another hundred bucks. If you win now, (for people not familiar with the martingale sys.) You win your loss, PLUS additional 100 buck. And then you just rinse and repeat, always making sure to double you loss for the next bet PLUS a little extra for pure winnings. another example, 1st loss: bet 100bucks 2nd loss: bet 200bucks 3rd loss: bet 400bucks 4th loss: bet 800bucks. As the martingale is made for casino only, it wont work due to the casino max bet. In online betting you are not restricted to any max bet. You can go bet 50.000 at bet365, and 50.000 on unibet, so lets say you play on 4 different sites, totaling for up to 100.000 usd.

THis means that you would be able to lose a game 10 times in a row, and pardon my mathematics, I would anticipate the odds of being one third every time, and divide by two for every new bet.

My calculations would look like this.

33% chance for your team to win.

33% / 2

=15%

now, i just need to do this ten times in a row to find the percentage chance for me losing 10 times in a row.

33%/2/2/2/2/2/2/2/2/2/2

=0,03%

this means that this would happen to me once every 3333 time.

in the meantime, i would have been able to make money many times, but since the martingale system takes a lot of "bets" to make a revenue, i would think that every day, it would take me approx 4 spins to earn me 100 bucks. considered the 365 days per year, this means that i would spent 1460 bets on winning 100bucks every single day for a year which amounts to about

36500USD!!

I don't know how to end this properly since I myself find it a bit hard to grasp, so if anyone could point out the positive and negative factors around this I would appreciate it

______________

valuepointdistribution.com (http://studytect.com/the-business-model-behind-valuepointdistributions-success/)

Ok, lets say you only bet on football games. You always bet on the favorite with the lowest odds always being somewhere around 2.0-2,35. You do not bet on X, nor the underdog team. You ALWAYS bet on the favorite team with odds being around 2.0-2,35 all the time.

Now, you start betting on one match for lets say 100bucks.

IF you lose, you bet on a new match with exactly the same conditions as mentioned above, and bet the 100bucks you lost, PLUS another hundred bucks. If you win now, (for people not familiar with the martingale sys.) You win your loss, PLUS additional 100 buck. And then you just rinse and repeat, always making sure to double you loss for the next bet PLUS a little extra for pure winnings. another example, 1st loss: bet 100bucks 2nd loss: bet 200bucks 3rd loss: bet 400bucks 4th loss: bet 800bucks. As the martingale is made for casino only, it wont work due to the casino max bet. In online betting you are not restricted to any max bet. You can go bet 50.000 at bet365, and 50.000 on unibet, so lets say you play on 4 different sites, totaling for up to 100.000 usd.

THis means that you would be able to lose a game 10 times in a row, and pardon my mathematics, I would anticipate the odds of being one third every time, and divide by two for every new bet.

My calculations would look like this.

33% chance for your team to win.

33% / 2

=15%

now, i just need to do this ten times in a row to find the percentage chance for me losing 10 times in a row.

33%/2/2/2/2/2/2/2/2/2/2

=0,03%

this means that this would happen to me once every 3333 time.

in the meantime, i would have been able to make money many times, but since the martingale system takes a lot of "bets" to make a revenue, i would think that every day, it would take me approx 4 spins to earn me 100 bucks. considered the 365 days per year, this means that i would spent 1460 bets on winning 100bucks every single day for a year which amounts to about

36500USD!!

I don't know how to end this properly since I myself find it a bit hard to grasp, so if anyone could point out the positive and negative factors around this I would appreciate it

______________

valuepointdistribution.com (http://studytect.com/the-business-model-behind-valuepointdistributions-success/)