I’ve been to Vegas once or twice. It’s fun to play, but I would never bet more than I expected to lose. You can see how people get addicted to it though – it’s easy to start fantasizing and lose track of reality. Case in point…
I thought I had perfected my gambling angle to the point where it couldn’t fail. The idea is to shift the long odds to shorter by decreasing the payout. Here’s the details, it’s pretty simple.
First, some basic Roulette. You can play red (or black) with a 2:1 payout. What this means is that if you bet $1 on red, and the little ball lands on a red number, you win $1. If it lands on black, you lose. All the numbers are either red or black, so it’s pretty good odds – the only down side is the 00 number – if that comes up, EVERYONE loses. OK, now for the angle.
If you lose, double your bet and play again. Keep doing this until you win. Once you win, if you do the math, you will see that you have won $1 since beginning the round of betting. You ALWAYS WIN $1!
OK, one bad assumption has ruined many a scheme, and the same is true here: you can’t double your bet indefinitely. Therefore, it’s just a matter of time until you lose several times in a row, doubling your bet each time, until you hit the betting limit and you’ve lost your shirt. Losing your shirt is typically seen as a BAD gambling strategy.
It’s still not too bad though, if you look at the numbers… UPDATE: yes it is… move on, nothing to see here…
