Quote from: khaled0111 on November 05, 2022, 11:15:40 PM

Quote from: Silberman on November 04, 2022, 09:17:05 PM

The person you are quoting is indeed contradicting himself, however when it comes to the martingale strategy there is a lot of evidence that has proven over and over again that it does not work, it does not matter how small your initial bet is and how high your capital can be, martingale is a strategy in which sooner or later you will lose all your capital if you play for long enough, now it is a strategy which may give the idea to the gambler he is in control as it seems so unlikely to lose so many times in a row, but the more you gamble the more likely this outcome becomes.

In theory, the martingale strategy works and there is no reason why it won't. It's simple math, you keep doubling the bet amount till you win and recover your previous losses plus small profit, rinse and repeat.
But in practice, it won't. Not only because at some point you will not have enough money to double your previous lost bet or because of the house edge but simply because casinos' owners are smart. They know about those techniques and they have precautionary measures to be sure it won't work. Setting a max bet amount is one of those measures.

Well the theory also predicts the martingale strategy will never work, even if there were no limits to the size of your bet the player will need an unlimited amount of money in order to keep doubling their bets so they could recover their money, however not even the richest person alive has an unlimited amount of money, which means that even under those ideal circumstances they will also lose their money, as such people need to stop using the martingale strategy as it does not work no matter how much some people would like us to believe otherwise.