Sorry to ruin your trip to Las Vegas
Hi guys sorry to be the bearer of bad news but there is a problem with always doubling your bet when you lose.
It is quite possible that you could lose 4 or 5 time in a row, in fact there is a better than 6% chance that you will lose 4 times in a row and better than 3% chance you will lose 5 times in a row. And of course it is entirely possible to lose 10 times in a row.
Let us tart out with a minimum bet of $20 and keep doublig 10 times
Bet #1 $20
Bet #2 $40
Bet #3 $80
Bet #4 $160
Bet #5 $320 <--it grows quickly doesn't it?
Bet #6 $640
Bet #7 $1280
Bet #8 $2560
Bet #9 $5120
Bet #10 $10240
On your 10th Bet you will have to bet $10,240 and don't forget you have already spent $10,220 so even if you win your net gain is only $20 and you have risked over $20,000! Not worth the payout.