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He failed. Misleading title. He essentially took huge, undeducated gambles. Does anyone remember the name of the strategy that involves doubling your bet at eve
by ced 19y ago
He failed. Misleading title. He essentially took huge, undeducated gambles. Does anyone remember the name of the strategy that involves doubling your bet at every step, so that you could always with a single win end up "positive"? (assuming infinite money supply of course)
- andrewl 19y agoThat betting strategy is called a Martingale, or a Grand Martingale. http://en.wikipedia.org/wiki/Martingale_ http://en.wikipedia.org/wiki/Martingale_(betting_system)
- ashwinl 19y agoI am assuming it is the word, 'Hacker' that you believe is misleading, true? If so, are you implying that because he failed, he is not a hacker?
- ced 19y agoWell, hacker is part of the issue. I guess he hacked the check system, but not the market in any meaningful way. Like I said, he followed his gut, which is a strategy employed by millions, with comparable results. The misleading part of the title (to which "hacker" contributed) is that it looks like he succeeded, and thus that one could learn from reading the article. It's a very debatable point, I guess... No offense intended to the submitter.