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Monte Carlo Method

R

rbtblb82

Colt
The Monte Carlo method is where you double your stake if you lose, it was 1st used on roulette, £10 black, hits red, £20 black, hits red, £40 black, hits red, £80 black, hits black, win. Pretty stupid really, I did it once on the roulette myself but with 0 (zero). It hadn't hit for 256 spins, I started backing it, and only doubled my stakes every several spins, I was hundreds down before if finally hit and only ended up a bit in profit, it was a horrible experience, very stressful and I wouldn't recommend it to be honest.

But I thought I still might try it on the horses, only with good horses I know can win, but only win now and then - back a horse, it loses, next time it runs double your stake, loses, double your stake, hopefully it eventually hits and you win big, and it covers all your previous stakes and makes a profit. But it could always go into a lower class race and go off at shorter odds and ruin it for you, or never win again and you end up loads down.

So yeh, probably a stupid method really, I just wondered if anyone has ever tried it with horses?
 
Thanks - I've not heard of Martingale before, but having had a quick read it does appear to be exactly the same thing, except in the example I read it was betting on different horses, I was thinking about backing the same horse(s), if it loses double the stake the next time it runs.

Either way it's risky, and extra work tracking what you've backed & staked, I won't bother (unless I just pick one horse I like to try it with), I was mostly just interested to see if anyone else had tried it.
 
With the Monte Carlo method it is usually on even money bets and if you work it out you will only get 1pt profit from any given sequence of losing bets ending in a winning bet. That is given for a sequence of just 4 losing bets you will bet 1pt+2pts+4pts+8pts then 16pts on the winning bet so 31pts to get 1pt. for an n bet sequence which culminates in a win it 2^n minus 1 pts for a 1pt profit. I'm sorry if I'm pouring cold water on your idea but you'll need deep pockets for a very small return

Good luck and stay well
 
Could be worse - I remember seeing someone selling a staking plan based on the Fibonacci progression - now that is truly bonkers !
 
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