<snip>
>This is known as the Martingale or "negative progression" betting system. Quite simply, it doesn't work.
<snip>
Evan, to be pendantic - if there are no table limits and you have a large enough bankroll then it does work. But as you correctly point out the risk/reward ratio can become very poor. But anyway, there are table limits and no one has unlimited bankroll. Well no one except BillG :)
In the End, we will remember not the words of our enemies, but the silence of our friends - Martin Luther King, Jr.
