green slime said:
Flyspeck23 said:
Slightly off-topic, but still...
There's
one way of not loosing at
any game of chance (for instance: roulette) in the long run, and that's by doubling your bet every time you loose. That way, you'll win back everything you've lost.
Problem: after some rounds there'll hardly be enough money on this planet to raise the bet
That is completely false, or have you forgotten about the little green 0 on the roulette table? SOme tables even have a little green 00 to go with it...
And following that "method", a gain will only net you the value of your original bet; hardly worth it given the amount of cash and time you intend to bring to the table.
What Flyspeck is saying, I think, works as long as you have enough money to cover your bets as high as they go and as much time as it will take.
Let's say you bet an amount of money on a coin flip, doubling it on heads and losing it on tails:
Bet $1, heads: win $1 (+$1)
Bet $1, tails: lose $1 (+/-$0)
Bet $2, tails: lose $2 (-$2)
Bet $4, tails: lose $4 (-$6)
Bet $8, heads: win $8 (+$2)
Bet $1, tails: lose $1 (+$1)
Bet $2, heads: win $2 (+$3)
Bet $1, tails: lose $1 (+$2)
Bet $2, heads: win $2 (+$4)
Bet $1, heads: win $1 (+$5)
Bet $1, tails: lose $1 (+$4)
Bet $2, tails: lose $2 (+$2)
Bet $4, tails: lose $4 (-$2)
Bet $8, tails: lose $8 (-$10)
Bet $16, tails: lose $16 (-$26)
Bet $32, tails: lose $32 (-$58)
Bet $64, heads: win $64 (+$6)
After each set, you gain your original bet amount ($1 in this example). It takes a lot of money and often a lot of time, but it works assuming your funds are unlimited.