> I actually made a simulation of this because it seems obvious - you can actually double your bet each time you lose, and this basically guarantees that you ev

> I actually made a simulation of this because it seems obvious - you can actually double your bet each time you lose, and this basically guarantees that you eventually win each time! This is the St. Petersburg paradox: https://en.wikipedia.org/wiki/St._Petersburg_paradox https://en.wikipedia.org/wiki/St._Petersburg_paradox