Quote from: monaco on February 25, 2013, 01:09:02 PM
Further down in the original article posted by Bally, there's a discussion between a couple of people, & a point where SethBets argues that progressive betting can win out over the HE:
What you bet on (Banker or Player, Red or Black, Odd or Even) is irrelevant – the only thing that matters is how much you bet and the relationship of each bet's value to the amount you need to recover in order to end up ahead in spite of losing more rounds/wagers than you win.
The suggestion that progressive betting seeks to magically change the house advantage (simply defined as the ratio of losses to wins) is, again, disingenuous piffle!
I know for sure I can't change negative expectation in the long run, because casinos would not exist if there was a way for me to win more bets than I lose.
What I can do is make sure I win more when I win than I lose when I lose so that losing more often than I win won't hurt me in the long run.
There are at least a couple of people even here on the forum who do well at roulette, yet (correct me if I'm wrong) do not claim to be able to win flatbetting.
In these cases, their way of progressive betting seems to allow them to win, contrary to the article's assertion that progressions are simply different level flatbets, & therefore if you can't win flatbetting, then you can't win..
Of course the goal is to win as many bets as possible, more wins than losses then Happy Days, but does not being able to win flatbetting really mean you cannot win for any decent length of time beyond just being lucky?
We have to be "just lucky" to win for a longer time, if we progress or not. A progression distribute the win loss other than flat. A negative takes more smaller winnings and bigger losses. A positive a lot of small losses and larger win. Too many misinterpret theire luck, and call it skill, and it is nothing to do about it, they will not recognize it. Flat bets can win if bet less than the payout, have the variance with us constantly, which means we must have entrypoints which are at our favour.
There are methods with a likehood of winning 99.9999% of the time, still it takes all at 0.0001% of the sessions. It can for some take longer time then they ever play, with some of the luck we need.
In the shorter run we have to stand the variance, which make us win or lose, at a longer perspective the HE works. The NZ wheel has no HE, and they use to have smaller spread, so the variance will work so the casino can survive.