Hi, this is a gambling question and is related to Roulette.?
Let s say you have a $1000 bank roll right and you are only betting on numbers and the numbers pay s 36 to 1.
Now, on each spin you will always bet using 6 numbers and you will always start at $1.00 and increase the dollar amount to cover your looses and make sure you always profit up to 20 times.
What is the dollar amount you would have to continue increasing to avoid loosing.
My thought process was
1. $1.00 - $6.00
2. $1.00 - $6.00
3. $1.00 - $6.00
4 .$1.00 - $6.00
5. $1.00 - $6.00
= 6 X 5 = 30
This means it will be time to increase the bet to $2.00 right or should it be higher to avoid a lost or hitting even?