BC Lottery Loophole

[yads]

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.....

If you have an unlimited amount of money you are still not guaranteed to win. As there is always you chance you will keep missing every bet you make.

[yads]

Originally Posted by jydk

Yep, you could do the same thing with Roullette as well. Regarding the house edge, I still think Baccarat is lower. You can never lose the full bet at baccarat, where as Craps you can.

You're right Baccarat is lower, Unless you start betting full odds on the Pass/Don't pass bets. You can take the house edge down to 0.59%. It's also easier to get away with it at the craps table since there are typically lots of people playing and a lot more commotion.

[Mike Oxlong]

Originally Posted by yads

If you have an unlimited amount of money you are still not guaranteed to win. As there is always you chance you will keep missing every bet you make.

If you are playing Roulette and keep betting on Black eventually it is going to hit. I understand that it doesn't neccesarily have to it but you know it will eventually.

So you bet $5 on black first spin. If you miss then you bet $10 on black next spin. Miss again and bet $15, miss again and bet $30, miss again and bet $60......it may take a while before black hits, but it will eventually and then you break even and recover your losses.

Not saying it is a good betting strategy by any means, and I do realize there is a chance black may never hit but with an unlimited sum of money you can keep going until it does, because in reality it will eventually.

[yads]

Originally Posted by Mike Oxlong

If you are playing Roulette and keep betting on Black eventually it is going to hit. I understand that it doesn't neccesarily have to it but you know it will eventually.

So you bet $5 on black first spin. If you miss then you bet $10 on black next spin. Miss again and bet $15, miss again and bet $30, miss again and bet $60......it may take a while before black hits, but it will eventually and then you break even and recover your losses.

Not saying it is a good betting strategy by any means, and I do realize there is a chance black may never hit but with an unlimited sum of money you can keep going until it does, because in reality it will eventually.

Just as you can have an unlimited supply of money, you can have an infinite string of losses. So no it won't necessarily hit with an unlimited supply of money.

All this strategy does, is give the casino a reverse lottery ticket. If you win, you win your initial bet. If you lose, you lose everything.

[DownhillGoat]

Originally Posted by Bring_Back_Shantz

Yeah, I know, that was my point.
Are you even paying attention?

I'm paying attention to the thread, just not my mouse. I intended to quote a different post.

[Discoste]

Unlimited amount of money? - that's no fun...why else would they call it gambling?

Seriously, no matter what system is used in the long run, the ratio of money lost to money won will always approach the house edge.

Source: wizardofodds.com


The flat bettor has a bell curve with a peak at a loss of $1, and never strays very far from that peak. Martingale bettor would show a profit represented red curve, peaking at $51. On the far left shows there are times when you can't couldn't cover a bet and walked away with a substantial loss.

[Dan02]

These sort of promos have been around on the internet for a long long time, back in the day when i was a pretty hardcore gambler we took advantage of a ton of these offers. Basically you look for the ones with the best terms then play a simple low variance game(or if you're like me go for the gusto).

basically you might win or lose but over the long run you've got the advantage when the bonuses are thrown in so you deposit do the playthrough and withdrawl. go to the next casino rinse and repeat. Basically the opposite of how the casino traditionally wins your money.

Back 10 years ago there were literally hundreds of different online casinos with extremely lucrative bonuses and playthroughs, now though the industry has consolodated and playthrough requirements are significantly more restricitive decreasing your EV but there are strategies to maximize it.

Without going into a long and boring post, for those who might be interested in taking advantage of these offers you can find more info here

http://tinyurl.com/2b8nzcn



I have no affiliation with the aforlinked site. tiny url'd because of it's name.

[DownhillGoat]

Booo. BC residents only.