Man Who Broke the Bank at Monte Carlo
Nearly every gambler uses some kind of system even if his system
merely consists of guessing what to do next. In July 1891, Charles Wells, an Englishman, arrived at the
Monte Carlo with 10,000 francs.
Within a few days he had won over a million.
He retired for a few months to relish his accomplishment,
then returned and proceeded to win another million francs.
His exploits inspired the song "The Man Who Broke
the Bank at Monte Carlo."
he would not quit while he was ahead.
He returned the next year and lost it all.
Later he resorted to illegal shenanigans, was imprisoned
and eventually died in poverty.
But his play gave Monte Carlo worldwide fame.
Many studied his play and tried to emulate him.
He finally confessed before he died that he had no
system. His winnings were attributable to an amazing run of luck!
Betting systems or betting progressions have been devised
for every gambling game. Many of them had their origins in
eighteenth and nineteenth century roulette played on the French
Riviera. While the
particulars of different betting systems vary greatly, the
systems fall into three broad
Keep bets constant, waiting for a streak of successes.
raise bets after losses, trying to recover an eventual
raise bets after wins, hoping to use the "house
money" to create a large win.
of these systems has positive and negative characteristics, but
perhaps the approach which catches the most flack from gaming
experts is the negative progression.
The advocates of positive progressions don't think much
of increasing your wager after a loss.
By their thinking, increasing a bet after you have lost
amounts to throwing good money after bad, with the probable
outcome being that you will just lose more money.
However, as we shall see, in the short run just the
opposite is likely to be true.
A Test of Strategies
We conducted a test of strategies assuming that wagers
are made on the color red at double-zero roulette.
Each game was 100 decisions long.
Limits on the progressions were imposed which required
any progression to end immediately if the next bet required in
the series exceeded 256 units.
following strategies were tested.
Please note that these are not presented as practical
systems but are used to emphasize the differences you can expect
in each approach to wagering.
Flat Betting: Single
units are bet and the amount never varies.
Positive Progression: In this parlay type of progression, bets are doubled after
every win and reduced to one unit after every loss.
Assuming a string of nine consecutive wins, this
progression would be: 1,
2, 4, 8, 16, 32, 64, 128, 256.
Negative Progression: A Martingale
type of progression is used where bets are doubled after every
loss and reduced to a single unit after any win.
Assuming a string of nine
consecutive losses, this series would consist of the following
wagers: 1, 2, 4, 8,
16, 32, 64, 128, 256.
results of a 2,000 session computer run using each
technique produced some amazing information.
average size of the bet made changed considerably dependent on
the betting strategy.
flat betting the average betting unit was 1 unit.
a positive betting system, the average size of the bet was 3.8
a negative progression, the average betting size increased to
Are The Fascinating Results
flat betting strategy won only 38.70% of its games. It won an average of 7 units per computer run and lost an
average of 9 units. This
shows that using flat betting gives pretty dismal results.
the positive progression we won only 9.60% of the games and lost
90.35% of the contests! Our net win averaged 56 units and
our average loss was 412 units per computer run.
negative progression won 85.35% of the games with average
winnings per run of 359 units.
With a loss rate of 14.54%, the average loss
was 43 units. This
was the only clear winner in the group!
many experts keep extolling using positive betting
progressions, they never mention that you will lose 9 out of
every 10 sessions betting this way!
is a proven way to combine a modified negative betting
progression with a superior playing strategy and actually play
at an advantage over the casino.
This strategy is revealed in the Power Blackjack manual.
what a couple of users say about this strategy -
recently received your manual.
What an outstanding system!
This system wins like crazy!"
Miller, Los Angeles, California
you said was true. I
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J., Park Forest, Illinois
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