I know it's still 1 in 2 million, but the thought of turning a quid into over a million in just 21 spins in very tempting
.National lottery vs Euro Millions
- Thread starter opethdisciple
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I know it's still 1 in 2 million, but the thought of turning a quid into over a million in just 21 spins in very tempting
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Soldato
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I know it's still 1 in 2 million, but the thought of turning a quid into over a million in just 21 spins in very tempting
Yeah but if you'd hit 10 wins in a row and you've just been given £1,024 and you started with a quid. Would you really have the balls to bet that whole amount again?
There is actually a theoretical way you could always win a million on Roulette using a system call Martingale. Basically what you do is bet a quid on red or black, if you win you start again and place another quid on the next spin, if you lose you double your last bet (£2 in this example) so if you win that one you'd come away with £4, which leaves you a quid up (the £2 you spent on the second win and the £1 you lost on the first). If you lose the second spin you put £4 (so double again) on the next spin and like before if you win you come away with £8 after spending a total of £7. In short, every time you lose you double your last bet and every time you win you start again with £1 and after each 'round' you always come away with the profit you tried to win with your first spin.
Given an infinite amount of money and infinite time you would always make a profit. Unfortunately you don't have either of those and Casinos will often place limits to reduce the effectiveness of the system so in reality it won't happen and if it does it's no less lucky than doing it any other way.
But it is tempting when you consider that if you give yourself a £511 maximum loss limit, and stuck to Martingale you'd have to lose 10 50/50s in a row before you bust. That sounds tempting and unlikely, until you watch the Derren Brown show where he spins 10 heads in a row simply by spinning coins all day until it happened because it will happen given a long enough set of results.
I used a martingale based system on Betfair's casino. They offer a "zero lounge" where they have no edge and your odds on roulette for red or black is exactly 50% (there is no zero) and I managed to turn £12 into £250 which I used for my holiday
But when I came back I stuck £20 in and did the same thing and lost it all in less than 5 minutes.
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I used a martingale based system on Betfair's casino. They offer a "zero lounge" where they have no edge and your odds on roulette for red or black is exactly 50% (there is no zero) and I managed to turn £12 into £250 which I used for my holiday
I used to love the Zero Lounge, also played a lot of Roulette on there and won a bit, then lost it all
Wanted to try again but they closed it as apparantly they made £00000's of losses on it in some European countries.
It's worth mentioning that your expected winnings are higher if you do a lucky dip rather than picking some regular pattern due to all the fools who do these numbers every week with whom you'd have to share the prize money!
That isn't even remotely why they do it. For one, many use "lucky numbers" such as birthdays and anniversaries and secondly imagine the grief if this week drew the numbers you picked last week, but did not pick again this week.
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I used to love the Zero Lounge, also played a lot of Roulette on there and won a bit, then lost it all
Wanted to try again but they closed it as apparantly they made £00000's of losses on it in some European countries.
The old double your bet red/black plan meant they were guaranteed to lose money.
One week the numbers could 1,2,3,4,5,6 (with equal odds to every other 6 numbers), the following week there is exactly the same chance of the numbers being 1,2,3,4,5,6, the next week there is also exactly the same odds o 1,2,3,4,5,6.
it is no different to rolling a dice, what has happened before is completely irrelevant to the next event. Hence if you roll a dice and get a 6 10 times in a row, the odds of getting a 6 the next time are still 1/6.
Soldato
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I used to love the Zero Lounge, also played a lot of Roulette on there and won a bit, then lost it all
Wanted to try again but they closed it as apparantly they made £00000's of losses on it in some European countries.
I can still use it....
P.S. That isn't my real balance, it's the 'fun money' one
Soldato
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Not true unless you know some mathematical super system I'm unaware of. There zero lounge should break exactly even over time.
Soldato
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If only you'd read a bit further down....
I think why a lot of people stick by the same numbers though isn't so much they think they have more chance of winning but are scared that "it will be just their luck" that as soon as they change their numbers their old set will come out and they'd feel gutted.
When I do play the Lotto I do lucky dip, I check the numbers then chuck the ticket away. If a set of numbers have come up that I once had it the past I couldn't even tell you because I don't remember my lines. That way I avoid the potential devastation mentioned above and I save myself 5 minutes in the shop not having to visit that little booth thing.
Besides I have heard plenty of people say "I haven't won in ages, my numbers surely must come up soon" which is the gambler's fallacy. Using birthdays or "lucky" numbers is just a big a fallacy anyway.
If only you'd realise there are more people on the planet than just you. I said that's why THEY do it. Not why you do it.If only you'd read a bit further down....
Bully for them. They'd still cite the reason of couldn't face it if their numbers come up the following week.
Not really very good at understanding things, are you?
Soldato
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Again you need to read further down the thread, I've already covered why Martingale (what you are describing) is a flawed system....
I've also tested Martingale using an emulator over 1000s of spins and you do end up losing in the end because eventually you will lose so many in a row it bankrupts you or you can't continue with the system because you hit the maximum betting limit.
Martingale only works with an infinite amount of time and money.
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Eh? I explained why OTHER people did it, it has nothing to do with me. If I play the Lotto I use lucky dip anyway?
Comprehension not your strong point (or maths it seems
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Soldato
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You should read posts in full before jumping on people like that
Like how I replied to his comments about how he plays the lottery, avoiding the disappointment of drawing last weeks numbers but just not remembering them, you mean? Which, by the way, was an acknowledgement that it is a valid reason to play the same numbers repeatedly.
Never mind the fact that it makes no difference whether you play the same numbers of not.. it's a lottery. So to criticise other's choice of numbers is pointless.
Soldato
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My post follows his correctly and follows the line of conversation, maybe you're the one who's got the wrong end of the stick. If you think not please ellaborate on why you felt I 'jumped on him'. And lest we forget your defending someone who said this to me first (at the risk of sounding like a petulant child for a second)