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92,645 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 : 92,645
Genre: Science & Technology
Date of upload: Jan 21, 2024 ^^
Rating : 4.751 (142/2,143 LTDR)
RYD date created : 2024-05-14T23:34:30.180666Z
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YouTube Comments - 233 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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Martingale is the Fastest way to go BROKE.
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Step 1. Start with infinite money
Step 2. Process the existential question "why are we here"
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Haha. Totally love gambling math vids! This is a good one.
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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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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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I haven't heard of even one casino removing it's roulette wheels due to losses.
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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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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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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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Great chart explaining a night of coin flips!
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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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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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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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I have used this method before, never knew it was a 'known thing' though but yeah sadly crazy unlikely things happen in casinos to the point where you are convinced it's fixed!
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I've just got on to your videos mate and I love your ability to explain really technical things, in this case maths... As for me I didn't go past year 8... 😅
And yet I understand exactly everything you're explaining..
I could be partly because I spent a year or so trialing and tweaking the Martin Gale strategy on roulette on roulette on the downtime of my night shifts 😅
Another great video mate
And I can definitely say from experience...
7-9 x red or black comes up way more often than most people think
One strategy I used and use in casinos when I'm rarely out at them with mates is watch for the tables that have previously had a run of 6-9 x one colour or odd / even and then use the strategy for a short amount of time as you mentioned then walk away with your winnings
It's a fun trick to do in front of your mates as they think you are some kind of genius 😅
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@DrBenMiles
3 months ago
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