If you already have almost enough to buy a house in cash?
Roulette.
I'm only partly joking.
If you bet 2000, then, if you lose, 4000, then, if you lose, 8000, then if you lose, 16000
you have a 93% chance of getting the 2000 dollars you need and it's a hell of a lot less risky than whatever crime shit people are suggesting elsewhere in the thread.
idk if this is a bit, but that's not a good idea and I think your numbers may be wrong,
A martingale is any of a class of betting strategies that originated from and were popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses if it comes up tails. The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake.
Since a gambler will almost surely eventually flip heads, the martingale betting strategy is certain to make money for the gambler provided they have infinite wealth and there is no limit on money earned in a single bet. However, no gambler possess infinite wealth, and the exponential growth of the bets can bankrupt unlucky gamblers who chose to use the martingale, causing a catastrophic loss. Despite the fact that the gambler usually wins a small net reward, thus appearing to have a sound strategy, the gambler's expected value remains zero because the small probability that the gambler will suffer a catastrophic loss exactly balances with the expected gain. In a casino, the expected value is negative, due to the house's edge. Additionally, as the likelihood of a string of consecutive losses occurs more often than common intuition suggests, martingale strategies can bankrupt a gambler quickly.
You're absolutely right that it's not exactly a long term money making strategy, that 7% of the time you lose everything fucking sucks and it's not something you'd ever do if you didn't desperately need the money or had another way to make or borrow it by the time you needed it.
But if you do need the money and don't have any streams of income or credit to work with I'd still say it's a hell of a lot better bet than trying to sell drugs, rob a bank, or somehow come up with $2000 worth of blood plasma within a week.
If you already have almost enough to buy a house in cash?
Roulette.
I'm only partly joking.
If you bet 2000, then, if you lose, 4000, then, if you lose, 8000, then if you lose, 16000
you have a 93% chance of getting the 2000 dollars you need and it's a hell of a lot less risky than whatever crime shit people are suggesting elsewhere in the thread.
idk if this is a bit, but that's not a good idea and I think your numbers may be wrong,
https://en.wikipedia.org/wiki/Martingale_(betting_system)
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You're absolutely right that it's not exactly a long term money making strategy, that 7% of the time you lose everything fucking sucks and it's not something you'd ever do if you didn't desperately need the money or had another way to make or borrow it by the time you needed it.
But if you do need the money and don't have any streams of income or credit to work with I'd still say it's a hell of a lot better bet than trying to sell drugs, rob a bank, or somehow come up with $2000 worth of blood plasma within a week.
i donut kno gambleng bt thiz mit woork