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> I've used a similar methodology in Blackjack, except doubling my bet each
> time I lose. It works great some of the time, but long losing streaks are
> painful.
I used the same in Roulette. Play red or black and if you loose double.
Biggest problem:
Say you play 10$ first bet. Lets say we have a loosing streak of 10 times.
(believe me, it almost sounds impossible but i have met a loosing streak
op 23 times)
10
20
40
80
160
320
640
1280
2560
5120
At this point you have already lost the 5100 you are playing. And, if you
win at this point, you will only win $10 ! (your money back plus the initial
$10)
I don't think i will ever risk this again for just $10
(yes, i played this game and lost)
Taking this to the casino (wat i tell you now is not for the stock market as
far as i can see it) it is better to play the game the other way around.
Take $250 and play that 25 times. Put it on red. If you win let it stand
and let it stand for as long as you feel comfortable. If you loose, it will
feel like you have lost $10 If you win after, say 6 times, your $10 has
become 20, 40, 80, 160, 320, 640
This way you can play 25 times for $250. More fun than playing 10
times for $10000 i think :-)
Also think you will be more succesful in the casino this way.
Greetings
Henry
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