Posted:
#1
Why hello my fellow strategists.
The other day, me and a friend started talking about gambling and such, and he knows I'm sticking money out on all sorts of things - and the question popped up.
"If there was a game, where you had a fixed 50% chance of winning, could you win consistently?"
I of course replied, "Yes, I would be able to." At this point I was already making a Labouchere line in my head, and decided to try and show him what I meant, yet he didn't believe me.
The rules are as follows for the game,
1. Minimum Wager - €5
2. Maximum Wager - €400
3. Bankroll of €500
4. Fixed 50% Chance of Winning
5. Payback for wins is 1:1
The first time around I was thinking about setting up a standard 5-5-5-5-5 Labouchere line, and if I get to a certain point in a losing streak, simply create a new line for the last number in line. For instance if I lost 3 times in a row, my line would look like this:
5-5-5-5-5-10-15-20
I would then take the 20 and make a new line of 5-5-5-5 when I cleared that line, I would go back to the 5+15 wager and have another go untill I clear the line for profit.
Now my question is to you guys, are there an more optimal way of making profits from the above? I know I can stick my neck out further and make the line grow larger, but I also want to eliminate as much of the very big bets as possible to have my bankroll overcome a bad losing streak. Any suggestions ?
Thanks alot
The other day, me and a friend started talking about gambling and such, and he knows I'm sticking money out on all sorts of things - and the question popped up.
"If there was a game, where you had a fixed 50% chance of winning, could you win consistently?"
I of course replied, "Yes, I would be able to." At this point I was already making a Labouchere line in my head, and decided to try and show him what I meant, yet he didn't believe me.
The rules are as follows for the game,
1. Minimum Wager - €5
2. Maximum Wager - €400
3. Bankroll of €500
4. Fixed 50% Chance of Winning
5. Payback for wins is 1:1
The first time around I was thinking about setting up a standard 5-5-5-5-5 Labouchere line, and if I get to a certain point in a losing streak, simply create a new line for the last number in line. For instance if I lost 3 times in a row, my line would look like this:
5-5-5-5-5-10-15-20
I would then take the 20 and make a new line of 5-5-5-5 when I cleared that line, I would go back to the 5+15 wager and have another go untill I clear the line for profit.
Now my question is to you guys, are there an more optimal way of making profits from the above? I know I can stick my neck out further and make the line grow larger, but I also want to eliminate as much of the very big bets as possible to have my bankroll overcome a bad losing streak. Any suggestions ?
Thanks alot
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