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Doubling up method or playing casino

  • #21
  • Feb 6, 2006 7:28pm Feb 6, 2006 7:28pm
Ya Pyramiding, that's the word I remembered now, thanks DrRock...

I know the idea of doubling which was discussed over here...In my opinion, it's dangerous...

What I was talking about is doubling by adding to a profitable position, mentioned later in the thread...You only double your position when the trade moves in your favour...So, it's mainly pyramiding versus doubling...


Thanks,

Nader
  • #22
  • Feb 6, 2006 10:16pm Feb 6, 2006 10:16pm
All I know is that last night before I went to bed I shorted the GBP.

Woke up this morning and it had move 90 pips. So I moved my stop and doubled my lots.....added to or whatever you want to call it and it moved another 60 pips and I got out this afternoon.

It's been working for me...no matter what word you want to use.
- SAFE TRADING MONEY DUCK
  • #23
  • Feb 7, 2006 9:56am Feb 7, 2006 9:56am
Thought you might enjoy this read.

http://www.sfomag.com/homefeaturedet...ry&YearID=2005
  • #24
  • Feb 7, 2006 10:05am Feb 7, 2006 10:05am
Indeed, doubling up only works with infinite bankroll (and i guess infinite time, in theory). If you have a finite bankroll (which we all do) then the doubling up strategy, even if your expectation in every bet is 0 (i.e. 50/50 to win) you are NEGATIVE EV on the strategy in the long run.

Quoting DrRock
Nader,

What you describe is pyramiding and not the same thing that was initially discussed. You comments on pyramiding are certainly very valid though.

Doubling up as described originally here is based on this idea:

bet 1 on black and lose
bet 2 on black and lose
bet 4 on black and lose
bet 8 on black and lose
bet 16 on black and lose
bet 32 on black and lose
bet 64 on black and win 64 but if cost you 63 to win it so overall you profit 1

start all over again.

It is guaranteed to work IF there is no house limit (which there is), you have an infinite amount of money (which you don't) and it is a 50/50 chance (which it isn't because of the zero).

Simon
  • #25
  • Last Post: Nov 7, 2011 2:59am Nov 7, 2011 2:59am
Sounds risky- as said above you need infinite capital. Im sure gamblers at casinos already tried this out before with huge losses unless they have deep pockets!!!
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