Breaking Roulette

No.12097473 ViewReplyOriginalReport
Lets say you want to steadily win money at the Casino. This is the strategy you follow:
>always bet 4 on the same colour (red)
>if you win, you take the money (8) and bet 4 again
>if you lose, you double your bet and play again
>you start with 1024 so in order for you to lose all your money, the same wrong color needs to appear 8 times in a row (4*2^8=1024)
>for a chance of 49% per spin to win, at 8 tries, your chances of losing are really low
>ALL 8 spins need to lose for you to lose all your money
is there anything wrong with this?