3 ms·
What kind of math is that? In your contrived example it should be 1 - .99^70. It's hard not to question your background in probability when you're involving 1.0
by bllguo 9y ago
What kind of math is that? In your contrived example it should be 1 - .99^70. It's hard not to question your background in probability when you're involving 1.01 and 2..
- cardmagic 9y agoNice ad hominem attempt, but even though I accidentally switched a minus for a plus, the point the math teaches is the same: risk of ruin accumulates with the number of bets. For more information check "Risk of Ruin" https://en.wikipedia.org/wiki/Risk_of_ruin https://en.wikipedia.org/wiki/Risk_of_ruin