Is my roulette strategy bogus?
This is my roulette strategy:
Watch the roulette wheel until the ball lands on black or red at least ten times in a row. Then bet five dollars against the repetitive color (let’s say black is that color).
If it remains black the next spin then you double your bet to ten dollars on red. You keep doubling your bet until the spin goes red.
In the end you might have to wager up to $2k, to win $5. But that would be about 10 more spins without the ball going red, or 17 straight spins total without the ball going red. It is unlikely but not impossible.
So is this a stupid way to play? Do you have a better system?
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