Quote:
Originally Posted by Mike Oxlong
But if there is no house limit you just keep betting what you lost until Black or red, or even etc...(whatever you are betting on) hits and you win all your losses back.
That's why casino's have limits so you can't just keep doubling your bets.
This theory assumes you have an unlimited supply of money of course to keep doubling your bets until you win. If you had an unlimited supply of money you likely wouldn't really cared if you won or lost.....
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That's not entirely true, the fact of the matter is, that there is a fantastic chace that the average person will go broke before they even double their bankroll (there's even a great explaination of that in the link I posted).
Casinos have limits becasue they can't all cover someone making a huge bet and it paying off at 36:1.
The whole idea behind doubling the bet breaks down pretty quicly in reality because the person betting doesn't have an unlimited bankroll, so they're really likely to go broke.
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