New system and bankroll management

[Yaldy]

Firstly, thanks to all at RX for all the great advice and knowledge.

I'm not shooting for the stars or looking to get rich over night. My plan is simple to make a steady $400 per month ($100 per week) to pay the cable and a few other utilities.

Lets say I start with a $5000 bank roll and make a simple $25 bet. If I win great! - The money goes into the winnings pile.

If I lose - I double down plus the vig and try again ($25 + $25+vig).

If I win - Great! Start over with $25 bet.

If I lose double down again plus vig.

Every month I cash out and start over again.

I estimate I would have to lose 8 bets in a row before the original $5000 is gone.

Where would this sytem be flawed?
Would sportsbooks frown upon the double down theory and have a problem with this?

I can't be the only perosn to have thought or attempted this...

Any thoughts are greatly appreciated. Thanks in advance - Yaldy

 

[Journeyman]

A sportsbook will NEVER frown upon this.

55, 110, 230, 450, 900, 1800, 3800 bust!

0-8 will eventually happen...don't do it.

 

[FatTony]

I can't be the only perosn to have thought or attempted this...

Any thoughts are greatly appreciated. Thanks in advance - Yaldy

I'm pretty sure every single person has thought about this. :lol:

 

[Yaldy]

Thanks guys I knew it was too easy and good to be true.

 

[EJP]

Had a friend who used this method playing 21 at the Mirage. He won about 10 different trips in a row. The casino even gave him a credit line and so forth. He basically had the exact same routine as you with the $25 wager, double up if it loses and so on. One trip he went up on units (not sure how high) and used the same strategy, and basically went on one bad streak and lost a load. He never told me exactly how much he lost, but I know he never used his 21 method again.

IMO, it might work for a little while, but you must know when to call it quits. And stick to your original plan, never get greedy.

 

[Journeyman]

same with black and red on the roulette wheel, you can even wait til one streaks 10 times and then go opposite ,sooner or later there will be a 23 game streak and you will bust.

 

[heatohio]

This is called the martyangle system, correct? Every young bettor tried this or thought about trying this. It can work for a short term profit, but in the long run you will lose your ass. Just stick to basic money management, bet between 1-3 units depending on the strength of your bet and follow some advise from some of the fine RXers and you'll be fine. By the way, just saying "ALL I want to do is make $400 a month" Winning anything per month is hard, let alone a set amount.

 

[turnip]

The system's name is "The Martingale System." Even with an infinitely large bankroll, this system would eventually get fucked by maximum bet limits.

 

[gmcintos]

Firstly, thanks to all at RX for all the great advice and knowledge.

I'm not shooting for the stars or looking to get rich over night. My plan is simple to make a steady $400 per month ($100 per week) to pay the cable and a few other utilities.

Lets say I start with a $5000 bank roll and make a simple $25 bet. If I win great! - The money goes into the winnings pile.

If I lose - I double down plus the vig and try again ($25 + $25+vig).

If I win - Great! Start over with $25 bet.

If I lose double down again plus vig.

Every month I cash out and start over again.

I estimate I would have to lose 8 bets in a row before the original $5000 is gone.

Where would this sytem be flawed?
Would sportsbooks frown upon the double down theory and have a problem with this?

I can't be the only perosn to have thought or attempted this...

Any thoughts are greatly appreciated. Thanks in advance - Yaldy

what is VIG?

 

[goodcall]

what is VIG?

it's what the book charges you to place the bet

In a 50/50 game, "no vig" would give you a line of +100 (giving you 1 back for every 1 you bet)

the vig turns that +100 into a -110 (giving you 1 back for every 1.1 you bet)

 

[goodcall]

If you play this system, with one bet per day, you can expect to "bust" once every 8 or 9 months. The problem is you never know when that month will come