|I go to the casinos in New Orleans and the Mississippi Gulf Coast and play roulette frequently. Theoretically, if you have an infinite amount of money, chase systems should always work. There are some problems though.
Posted: 3/8/2013 10:53:28 AM
#1: Casinos set maximum bet amounts. I've noticed the casinos I go to are $5000 on Outside Bets ($2000 on inside numbers). Eventually if you keep missing and chasing you'll be at that limit. Now, I'm not enough of a high roller to have ever gotten to that limit, so I can't imagine what my stomach would be doing if I ever did it. If you can afford to lose $5K a few times a month/year then go for it. You can read about this and other roulette myths on-line.
#2: What hyvong and sports network previously said is dead on. Chase systems will drain your bankroll. Depending on the amount you are wagering/winning/losing it might take 5 to 10 winning nights to make up for one losing night.
#3: I mentioned above that theoretically a chase system in roulette should work but I've lost more than once. When I first started playing roulette I used the "coin flip philosophy." Meaning if you flip a coin 5 times chances are it will land on heads/tails at least once. So if you bet on that coin landing on heads at least once in five flips, using a chase system, you will hit more than miss. But there will be times when all five flips will land on tails.
The same principle occurs in Roulette. You may think black won't hit 5 times in a row, even 10 times in a row, but it can and will eventually if you play long enough.
If you want to use the 5-10-20-40-80 strategy be sure you can afford to lose that amount. If you just sat down and missed all 5 spins in a row that would be $155 (taking the numbers you listed literally). Just like in any other casino game you should have a walk away amount. If you're losing amount is $150 you're winning/walk away amount should be 1/4, 1/3 or 1/2 of that. That's what I do. If I start out with $100 I walk away up $40 or $50. If I start out with $500 I walk away up $100 (1/5th of my original).
It's boring but you will net more if you do it that way. If you are feeling lucky once you walk away up 1/4 or 1/2 go the the casino next door and do the same thing. If you lose call it a night.