Table Games Field Betting Theory

And if your bankroll is the table max (assuming $5K), why are you scheming to win $5????

 

I was discussing Martingale with a non-gambler once, and he mentioned that there's always the high-limit rooms for when you reach the table-max at a lower limit table... I then told him about my 15 consecutive losses at a table & we walked through the math:
5-10-20-40-80-160-320-640-1280-2560-5120-10,240-20,480-40,960-81,920... meaning that I would have needed a table that would allow me to bet $163,840 for my 16th hand - a winner that nets me $5.
The bankroll I would need (assuming there actually was a table that would allow a $163,840K bet), is $327,680 ... & I would need to be willing to put that much at risk to win $5.
...and, suppose I lost two more hands, and didn't win until hand #18 - I would need $327,680 for hand #17, and $655,360 for hand #18...meaning my bankroll would now need to be $1.3million!
So...the "high limit" room is not a solution to Martingale either.

 

I think the OP is aware of that. The last sentence of his post suggests as much. Its still a gamblers fallacy, even with the pays double and triple numbers

 

Additionally, no high limit room is going to let you start at $5.

A buddy of mine toyed with the martingale idea a decade ago. I think he modified it slightly and learned that twelve bets would be the most he could make before he hit the table max. Thankfully, he never tried it in action

 

I think it depends on how much risk you can handle. Just got back from Vegas, and saw two examples of what your are proposing:
1. Ballys: A guy bets $100 on Don't pass: loses. Bets: $200 - Loses. Bets $400 - Loses. Bets $800 - wins. Net win: $100. But he was sweating!
2. PH: A guy bets $10 on the Field. Loses when shooter rolls a 6. Bets $20, 6 again. Bets $40, 6 again. He stops. 6 rolls 3 more times for 6 in a row! That was amazing!

 

Indeed you are correct - it seems I only paid attention to the first 80% of the posting assuming it was your typical “I think I found a way to Martingale without losing” type post

 

I have used the Martingale system a lot playing blackjack. Not as a way to "beat the house" as I have no illusions of that being a possibility. There is no way to beat the house, except for card counting, and even that is not a given. There is still an element of luck involved. duh. The Martingale is just another way to bet. A very thrilling way to bet I'll say. I would cap my progressions at six losses. Six losses in a row results in a 63 unit loss. That means you have to win 63 times before 6 losses in a row happens to break even. It's always fun when I get up 63 units. Then I "can't lose." At least for that session. But it is certainly NOT a sure thing. One time I lost 12 times in a row. Not so much fun! lol

As notfromconcentrate noted above about craps there is the added benefit in using it at blackjack of getting a natural when the "big" bet is out. Just like getting a 2 or 12 on the field bet when several steps into the progression. Another benefit is that it gets the pit boss's attention and helps with comps. Not a reason to do it mind you, just another benefit.

I wish The Wizard of Odds would do a analysis of using the Martingale at Free Bet blackjack. It seems like somehow that free bet would swing the odds in favor of using it. Getting three or four free bets out there and winning, while on the big bet, is like hitting a jackpot on a slot machine.

 

I do that often as well

 

Out of curiosity, when you martingaling at BJ, do you simply refuse to double or split? You would be increasing the HA, but it seems the only to stick to your 63 unit progression

 

Last vegas trip the shooter hit the field 13 times in a row. I know because after they did it the 2nd time in a row i started betting it. Should have pressed some of my bets but i don't have a big bankroll. But the point is anything can happen no matter the odds. No system will beat the casino or they would have rules to forbid it.

 

I do not have a set in stone method for those situations. Some of the decision factors are how far ahead I am. Do I have that many units in my "profit" pile to cover the double? Or, if I don't, do I have a strong vs weak hand like 11 vs dealer 6? That's usually worth digging to cover the double.

That is why I am so enamored with Free Bet blackjack these days. It takes all that messiness out of the equation. It has mostly decision and risk free doubling and splitting.

 

I just started playing craps thanks to the $5 tables at Bally’s Atlantic City, I believe the limit is $1,000. They also had 100x odds, but I heard they recently lowered it to 10x.

I also checked out the Wizard of Odds site and they have a series YouTube videos about how to play craps. They are really well done although at a slow pace. I also have been watching RoadGambler videos to help me understand the game.

 

If you want to try the martingale. Start with a 1 dollar prop bet instead.
Your bankroll will thank me