Tuesday, May 22, 2018

Covering The Table

Covering the table

It's just cruel to the forces of fortune to put me in front of a Roulette table. The strategy here is called 'covering the table'. On a table with one green zero the payout is 36:1. So, if I cover every number, betting $35, EXCEPT for 2 number...in this case 28 and 30, then I'm betting $35 to make $1 on a payout of $36. It's a ridiculous bet, to wager $35 in order to profit $1. Ok, but the strategy is simply to turn the odds in your favor so you are winning more often.

I've tried another system on Roulette called the Martingale system where I chose Black and then doubled my bet every loss. I concluded that 6 consecutive loses will either brake my bank or I will reach the table limit and can't bet enough to win back my losses. It's a brutal game...basically 50:50 odds it will come up black and to lose 6 consecutive times is amazing. What is even more amazing is that I have yet to win. Within 5 or 6 bets, after a few wins, I will go on the streak of losing 6 straight and that breaks my bank. See, the Martingale system works for lucky people. In my case, I will lose and then double my bet. $1 becomes $2...lose...then $2 becomes $4...lose...then $4 becomes 8...lose... Then $8 becomes 16...lose...then $16 becomes $32...lose...and lastly $32 becomes a $64 dollar bet....which I lose. The investment is $127 in order to win $128...or $1 profit which is called a 'coup' since that's the original bet amount. At that point I will need to bet $128 in order to simply win back my own losses plus $1. It's very predictable in a way that should not be predictable. In the screenshot you can actually see the streak of 6 that broke my bank before I went to the cover the table strategy. 6 consecutive losses is all that it takes.

If you can make a $128 bet to profit $1 then Vegas is the place you should go because my conclusion is that the whole essence of gambling is based on that insanity. In gambling you will eventually be asked to make a huge bet for an insignificant profit, if only in a vain attempt to break even. This is guaranteed.

Well, I don't want to talk about merely bad luck of 6 straight 50/50 losses. I want to talk about an amazing run of bad luck where I covered the table, picked 35 numbers out of 37 possibilities...AND LOST 3 STRAIGHT TIMES. Yes, reader, in the screen shot you see I did not cover #28 and #30...and #28 was the number that came up. Ok, well, you will have to take my word that the previous two attempts I had covered different numbers and chose to omit #15...and Lost...and in the previous game I omitted the Green Zero...AND LOST. Three straight bank busters. My interest in mathematics faltered exactly around the time we got in probability equations so I don't want to 'prove' how bad my luck is. Just accept that I had 35 numbers of 37 covered...so 105 numbers of a possible 111 and the ball dropped into one of those 6 omitted numbers THREE STRAIGHT TIMES. 

This is the whole problem with gambling is that once the losses are recorded, my whole grind strategy WILL NEVER RECOUP THE LOSSES even with amazingly good luck. See? I could go on an incredible streak with the same strategy, but I just lost $105...and I'm betting in order to profit a single dollar. So, I will need to win 106 times in a row in order to break even. Statistically, I think it's possible to win 106 times in a row if I cover the table, but I just defied the odds with three straight losses so why do I think my odds will even out?

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Man in the Van by Oggy Bleacher is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.