Expert: Table Max - 3/10/2002

Question
i am playing at a $100 minimum table and 2500 max.
my theory is to keep doubling my bet if i lose until i eventually break-even and pocket the money on my first hand and then start all over again. let me try to clear this up.  say i start with a 100 and lose then i'd bet 200 and then 300 and then 600 and then 1200 and then 2400 until i won.  i would only breakeven but my advantage would be if i won my first 100 hand and then started again.  the only problem is losing more than 6 hands in a row, so i guess my question is what are the odds of losing 6 hands in a row and do you think this theory would work? i also would gain an advantage when i got blackjack 3:2 odds payout

Answer
You won't win. You have a big chance of breaking even in each series (about 25%). You have a bigger chance of winning $100 (about 70%). You have a small chance of losing just about $5000 if you lose the whole series (about 5%). But that small chance can put you out of business because you'll lose your bankroll.

I can do the math for you later if you want, but I'm getting married on Saturday so I am busy.

But I can tell you with certainty that progressive systems don't work! I have tried and I know!