Originally Posted by Sufferinsuccotash
The flaw is in thinking previous winning numbers have any bearing on future winning numbers.
It's not even really that usually. There are people who do this in sports betting as well. Bet 10 bucks on a game, if they lose pick another game with a bigger bet, if they lose that pick another game with a bigger bet, etc. The flaw is playing a losing game. Table limits, wheels not having a memory, and the like don't have much if anything to do with it. I mean to go back to the table limit thing brought up a couple of times in this thread do people really think that's what breaks these system players? Of course it isn't. It's that they run out of money. Casinos will risk $5 to break a million dollar martingaler...it's not the table limits.
ETA - and regarding the flaw being wheels not having a memory...again, I really don't think that's much of what the martingaler thinks. If he does he's really stupid because he shouldn't martingale he should just watch the wheel and bet against/for streaks after the fact. The heart of the martingale alure is the progession thing and this idea that they can just "get up when they're ahead" and somehow magically be winners by getting in their car and taking a drive before playing their next hand. Really silly but again doesn't have much to do with table limits or wheels/cards not having memories.