by emmasdad » Tue May 30, 2006 10:49 pm
Any serious student of gambling knows that a martingale system has a house advantage that far eclipses flat betting with a correct strategy. I am so confident in this that I will gladly host your game.
Almost all casino games are -EV. I have dedicated a good bit of time to finding positive EV and EV neutral situations in casinos, taking advantage of promotions, learning to count cards, and whatnot. Martingaling is absolutely one of the stupidest things that you can do, unless of course you absolutely hate money. You want to go to the casino, get drunk, and have a good time? Flat bet minimum and tip the cocktail waitress well.
Whatever you do, do not martingale.
Pick up Kenny Uston's if you want a good read and want to give yourself a chance.