where my Math heads at?? Martingale wagering question.

Reply #5

Ilovecash3 — Tue, 08 Apr 2014 19:34:51 GMT

Thanks everyone. I may have worded wrong. But this is what I was lookn for.

Now I just need that one good number

Reply #4

SergeM — Tue, 08 Apr 2014 18:55:16 GMT

You can't win because they pay 500 for 1 out of 1000. If they paid 1000 for 1 out of 1000, you still cannot be sure of a financial net win.

At roulette they pay 36 for 1 out of 37 and people still don't win.

Reply #3

LottoMetro — Tue, 08 Apr 2014 18:40:55 GMT

I am aware of what martingale is; the OP stated his series of bets to be $1, $2, $3....not the traditional doubling of bets in most martingale strategies.

Good point in your last part though; I was assuming Ilovecash3 was betting multiple sets but closer look in his OP, he states he is using a specific set.

If true, unfortunately, even after 182 bets, the probability that you have won at least once is only 16.65%, and the expected value is still negative.

Martingale simply does not work... [ More ]

Reply #2

SergeM — Tue, 08 Apr 2014 18:28:48 GMT

Martingale is when you raise the bet to recover the loss and make a little win. At roulette you might play red or black. When you lose your bet of 20 pieces, the next bet would be 40 pieces.

Bet: 20, 40, 80, 160, 320, 640, 1280, 2560, probably near to the maximum allowed bet or even over it. If you win after betting 2,560 your net win would be 20. You will have risked the sum of all the bets.

182 draws, doubling the bet: 5.5782837687518354444243831788271e+56

If you want to apply the... [ More ]

Reply #1

LottoMetro — Tue, 08 Apr 2014 16:06:56 GMT

If you include April 1st in the calculation, there are 182 draws (or 91 days with 2 draws each). From Jan 1st - April 1st , you would spend a total of $16,653 which, after winning $500, gives you a net loss of ($16,153).

where my Math heads at?? Martingale wagering question.

Ilovecash3 — Tue, 08 Apr 2014 11:42:17 GMT

If I was to use martingale wagering on a pick 3 number.. after a few months how much would I have spent if my number was to fall on April 1st..

Also how much won/lost

F.A.Q

Everydraw lost, increase your wager by a dollar.

The state is a 7 day 2 a day draw state.

Prize for straight is $500

Example

Jan1st day draw spent $1

Jan 1st night draw spent $2

Jan 2 day draw spent $3

Jan 2 night draw spent $4

Jan 3 day draw spent $5

Jan 3 nite draw spent $6