Word: doubler
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Dates: during 1960-1969
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...because they play on and on, giving the house odds a chance to operate. The only successful system, known as the Small Martingale, is to double the bet after each losing play, a maneuver the casinos effectively counter by establishing a bet limit. With a limit of $500, a doubler starting at $1 would have to bet an illegal $512 after only nine consecutive losses...
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