Eli5: Why can’t you just double your losses every time you gamble on a thing with roughly 50% chance to make a profit

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This is probably really stupid but why cant I bet 100 on a close sports game game for example and if I lose bet 200 on the next one, it’s 50/50 so eventually I’ll win and make a profit

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16 Answers

Anonymous 0 Comments

Answer (the TL;DR version)

This technique works 100% of the time

…assuming you have an infinite capital to put in and double whenever you lose

If you don’t, it falls apart because eventually you’ll lose enough times consecutively where you can no longer afford to double-down

And to add to this, gambling is set in such a way where statistically speaking you are going to lose much more often than win.

The only exception being blackjack where you can count cards but you get kicked out of casinos when you do because they don’t like it when people win, even when its fair and square.

You will lose way more than you will win, there is no way around it, the house always wins, end of story.

There are no secret methods or lifehacks to “win the system”

Those who think that are already victims of the gambling trap and need to stop before it gets worse.

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