Good old Martingale
Most pit bosses will let you exceed the upper limit if you ask. They are absolutely not worried about the Martingale Method.
Ah, no, they don’t give two shits “why” you’re increasing your bet. And they don’t give two shits about your recent betting history, assuming you have not been labeled “skilled.” Each bet is an independent event, again, assuming you’re not following the cards. And they are making thousands of those bets an hour. Your martingale is not their martingale. Seriously, they laugh out loud in surveillance, because you don’t know you are just another mark.
by how is the key question. they wont let you do it by 100s of thousands, buy will most likely let you do it for anything less.
but the max was set up for these situations
thats not what im saying. max is needed to protect the house from unnecessary risk. if you play bacc you see folks go nuts when the streak is in their direction and these folks bet huuuuuuuuuuuuuuge.
12/20/30k is nothing for them then they start doubling and tripling the bets, and thats when the casino decides if they want to take bet or not
most extreme case was in Macau. guys were betting 10s of thousands kept losing. started doubling down no problem. then reached 150k per hand and action stops for a few minutes.
pit boss gets call from upstairs and limit goes up to 500k. i think max was increased once more after that but i left.
Yes, I’ve witnessed 500k on baccarat during Chinese new year. Conrad casino in Brisbane if you re interested. Absolutely zero to do with martingale. They dont chip down if they win a hand. It’s all about the “imaginary” run they think they are on. Pretty comical watching the clowns take notes.
http://www.boxingscene.com/casino-gambling/1338.php
on side note, wouldnt mind hitting up a casino with fellow AFers, could be a blast
^Like I said. Common misconception. An accurate part of the article is the end, the guy ending up in jail. I love the table spread being explained by martingale. So dumb. As I said, just jump to the next table, next casino or negotiate higher. Why people write about things they know nothing about is beyond me.
haha okay
Atlantic City anyone?
I’m in… Especially is Ghibli goes. I’m dying for a chance to beat him at his own game. 
^I’m guessing you’re joking, but just like trading, your results tell you nothing about whether you played properly or not. Over 100s of thousands of iterations the results may become indicative of one’s skill. Nothing can be learned at the table. In fact, if one alters strategy based on results, they will just narrow or lose their edge.
^ *fun*… tell ya what. When I win, Johnnie Walker Blue on me.
I like to keep my cash in my pillow. While it disrupts my sleep a bit, I feel I sleep better knowing my money is right there!
It’s not really that difficult.
You just look at the table limit, and calculate back say 12 times, to get your starting bet. Since people like me rarely go to Vegas, high probability we will win some small amount every visit, and a low probability of some huge loss from 12 blacks in a row. Roulette is the least bad game in the house, I get free drinks and hotel, they don’t care I beat them for some small amount, I don’t care what they think about my simple strategy since I have their money.
Best to stick to investment markets though.
The greater market may have been 30X, but technology was much higher than this. Additionally profit margins are higher now, which means investors will pay higher PE ratios than stocks.
As high-margin companies like Google (PE ~30; NPM 22%) and Facebook (PE ~60; NPM 27%) become a larger part of our economy, it’s likely the average PE ratio will expand and not be comparable to decades ago. When you become a L3 student you learn about this – it’s called a regime change.
I’m not sure I agree with that theory though. And I don’t consider companies like FB and GOOG an “economy”.
I think prices are just darn high, for 500 companies that aren’t really going anywhere but down.