Re: Tell me how this strategy losses?

You walk into a casino, and you play roulette.

You bet
$10 on black,
lose
$30 on black
lose
$90 on black
lose
eventually
black comes out and you win.

I think the only thing stopping you would be the table limits?

This is stopping you - bet size: 10$-30$-90$-270$-810$-2430$-7290$-21870$-65610$-196830$-590490$-1,771,470$=2,657,000$
After only 12 reds.

It's stupid to risk millions of dollars to catch 10$ loss.

It's not ten dollars. The more he loses the more he will win in the next roll. Buy you right 12 reds and it's all over. Doesn't seem like a good idea. Once you hit tabke limit you screwed. You can make profit because you will hit black eventually but you will never double what you began with

Well I guess you must have an infinite amount of money in order to feel safe applying this strategy because you could crash anywhere if you're out of money and where is this 38% statistics coming from? Does it have any credible basis?

The idea here that why would triple bet if you lost the first $10 bet? No one would really risk up millions on this one and 12 streaks in a row is possible on casino thats why its not good to make use of this strategy no matter how rich or big your balance is, you will surely be wrecked up if you did let your greediness control you. Risk on the amount that you can afford to lose.