(1) Casinos will always have minimum and maximum bets and they are calculated based on the maximum number of times you can double up your bet, usually 4 to 7 times. Even if you can find a game that has only 0.5% winning advantage for the house, the spread will be very small.
This is how they usually calculate:
see: Setting Table Maximum Betting Limits
One expert at a recent World Gaming Congress and Expo seminar in Las Vegas wisely stated that in well-managed casinos, limit spreads should not exceed a " four times double-up spread in small casinos and maybe up to a seven time double-up spread in large casinos." So what does this mean? A $5 minimum limit table game should not then allow a bet of greater than $80 ( $5, $10, $20, $40, $80. ) in a small casino and $640 in a large casino. To show this more mathematically, if you would like to calculate for other numbers then the formula is :
Maximum = $.2^n
where $ = the minimum bet limit and,
n = the number of double ups to which you wish to limit.
For n = 4 then Maximum = 16.$
and n = 7 then Maximum = 128.$

(2) Like it or not, house will always have an advantage in whatever game you play.
Assuming standard rules and players with average skills, typical house advantages in popular casino games range from 1.1 percent (player/banker bets) to 14.4 percent (tie bets) for baccarat; 0.5 percent to 1.5 percent for twenty-one ("blackjack"); 1.4 percent to 16.7 percent for craps; and 2.7 percent to 5.3 percent for roulette. Slot machines typically have house advantages of 0.5 to 12 percent. The chances of winning are maximized when games involving an element of skill (in playing or betting) — such as blackjack or video poker — are played at the highest level. However, with few exceptions, it's important to remember that the house continues to have a statistical advantage in every play of every game, even against a skillful player.

(3) Each spin of the wheel or roll of the dice is considered an "independent event," meaning that the chances of a specific outcome remain the same and are not influenced by previous events. You can win 5 times in a row... good for you, you've won $500. You can also lose 5 times in a row which will sum up to $3200 if you use double-up progressive betting.

(4) Casinos have existed longer than you. What makes you think they did not factor in "Double-up progressive betting" in their calculation before starting up their casino.


Conclusion: If you can't beat them, join them. Buy their shares, resort world sentosa going to open soon and their share price is < $1.

This post has been edited by tiny: Aug 12 2009, 12:21 PM