Reverse Martingales by James William Ferguson
ARTICLE SYNOPSIS ...Reverse Martingales by James William Ferguson
Perhaps the most celebrated legend in gambling lore tells of the French noble who, suspecting that he had detected an aberration in a roulette wheel on the Riviera, sent a team into the hall and had them record every coup. For several weeks he compiled the results until he learned the sequences to expect. Then, his suspicions confirmed, he rode the ""runs"" -- the consecutive reds or blacks, odds or evens, highs or lows -- in one grand foray after another until, finally, he broke the bank.
Only once have I encountered an unbalanced wheel. It was in...