Yes but a 45% win chance is the same long term losing plan no matter how much you bet. I could bet 10 times the amount every time I lose and I’ll still have a 45% chance of winning.
Yes but a 45% win chance is the same long term losing plan no matter how much you bet. I could bet 10 times the amount every time I lose and I’ll still have a 45% chance of winning.
davidgro@lemmy.world 10 months ago
Yes that is true… if you end at a “random” point (running out of money for example). But if you can always end at a win (particularly a large one after a string of many losses) then that changes things, the odds become much less relevant because you are manipulating them.*
The problem is that consistently doing so would require genuinely unlimited money and no betting limits, since the number of losses-that-can-happen-in-a-row is itself unlimited. With that little detail the Martingale system would actually work.
Then again if you have unlimited money then why bother to gamble?
*(Actually I sorta take back my first comment in this thread, the odds aren’t why to triple, just growing the pot faster each win is)