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95,421 Views • Jan 21, 2024 • Click to toggle off description
The Martingale Strategy aims to turn the house's advantage on it's head. I want to explore the math behind the strategy and discover if we can reliably win enough times to retire to the Bahamas...
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#maths #casino #money #science
Chapters:
00:00 Can We Use Math To Beat Roulette
1:08 The Martingale Strategy
2:58 Ad Read
4:05 Optimal Stopping Problems
6:02 Breaking Down The Math
7:55 Introducing Markov Chains
10:05 The Downside of The Martingale Strategy
11:20 The Martingale Strategy in the Real World
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Views : 95,421
Genre: Science & Technology
Date of upload: Jan 21, 2024 ^^
Rating : 4.753 (145/2,206 LTDR)
RYD date created : 2024-05-21T13:46:39.16639Z
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YouTube Comments - 237 Comments
Top Comments of this video!! :3
Ahh Martingale. The "strategy" casinos love
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About 20 years ago a friend decided to join a group of us in Vegas. He jumped in the car and drove in from California. First thing he did was go to the Big Wheel (*cough*). He put $5 down and lost. $10 and lost. $20 and lost. $40 and lost. $80 and lost. $160 and lost. $320 and lost. Sorry.... $500 limit on bets, can't double anymore. And he let out a stream of expletives and stormed outta the casino, got back in the car, and drove back to California. Don't think he's ever been back.
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Step 1. Start with infinite money
Step 2. Process the existential question "why are we here"
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Martingale is the Fastest way to go BROKE.
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Ok guys, feedback needed. Player 1 plays the martindale. Player 2 plays the opposite of that. So essentially chips are moving back & forth btwn players 1& 2. It just makes red & black constantly bet on during any spin. Three spins into this, player 3 puts the table min on the 0- 00 line. With no additional players doing traditional roulette playing of 5 or 6 numbers, just players 1 & 2 on the outside and player 3 on the double zero split, I think the roulette dealer will feel useless as no outcome matters, & hit a 0 or 00 very quickly. I call it "the system of systems". What do you guys think?
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Note: if you have another person with you they can max bet when needed to add an extra bet. With 3 people with you, you can add 2 extra bets. This still would only work in the short term and the casino would catch on to you anyway.
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The reverse is more interesting and also more useful. Given a certain odds and goal, what size should you bet? It is often used in the financial markets, and causes hedgefunds to collapse as the real world doesn't match the neat models used to predict the outcome....
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Casinos have betting limits you’re not going to be able to double your bet forever at most casino if the minimum bet is $5 the max is going to be $1500 do you can only double up for 6 or 7 bets max, every casino have betting limits to counter this strategy. The ball landing on either red or black 10-15 times in a row is pretty common.
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Finance bros call this strategy "picking up pennies in front of the steamroller"... It's easy to win short-term gains by taking outsize risks (e.g. by selling naked calls). The question is not ~if~ you will go bankrupt, but when.
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Haha. Totally love gambling math vids! This is a good one.
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I'd be interested to see what the expected value of this strategy is (i.e. the version presented at the end). With a larger maximum bet, the probability of winning (at least once) is higher, but the cost of a loss increases exponentially, and could be enough to skew the expected value.
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I haven't heard of even one casino removing it's roulette wheels due to losses.
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Fibonacci dozens are where its at. Modify it a bit based on tables history and its honestly hard to lose. Just gotta know when to leave.
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THE BEST WAY TO GAMBLE IS TO REVERSE THE MARTINGALE AND LET YOUR BET RIDE WHEN YOU WIN..SAMLL RISK,LARGE REWARD..IF YOU GET TO THE HOUSE LIMIT,JUST STAY THERE TIL YOU LOSE
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the very obviously big issue with this strategy is the fact that casinos obviously know about it and have table limits for this reason
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of course with an emphasis only on winning, you'd simply keep the first win. Playing again but allowing your win to remain for the next bet and so on, effectively letting the wins continue. Hence your winnings would be 1, then 2, then 4, then 8 etc.,. losses would always be only 1 unit per spin.
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I’ve made $1,000 from $80 but I lost it all when I started making irrational decisions and increased my starting bet to $50 smh…. I tried again a few days later and won $1,000 again but this time I cashed out. It does work. I played online with live dealers so the minimum bet was only .50
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The max bet limit isn’t a limitation since you can easily get up and walk over to the high limit room and continue where you left off. The odds of winning back your losses don’t change bc u changed tables.
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You’re brilliant at explaining the world.
Great videos.
Would love to watch a video about a fact all virologists agree on and that is (a physical virus has never been found in any living thing) What does this mean?
The only physical viruses found have to be grown in a lab before they can be seen. Why is this ?
it’s puzzling.
They can detect a virus in living things but can’t physically find one.
It’s Like having a metal detector going off all the time but when you dig into the ground you find nothing. Very strange.
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@DrBenMiles
4 months ago
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