Contour Enthusiasts Group Archives Forums General Common Interests Any Gamblers here familiar with doubling your bet?

The theory of doubling your bet goes like this. You start by betting small say $5. If you lose you bet $10. If you lose that you bet $20. Let's say you win that 20 dollar hand, now you've lost 35 dollars but when you won that 20 dollar hand you have 40 bucks, so you made 5 dollars. You just keep doing that. There is a 1 in 500 chance of losing 6 straight hands. If you lost 6 straight hands you can either bite the bullet and take your losses or go to high stakes and bid 320 or start over betting 5 bucks a hand.