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That's why I said technically and only if the gambler can keep placing bets of increasing size. Obviously this won't work in the real world since the amount a g
by slaymaker1907 6y ago
That's why I said technically and only if the gambler can keep placing bets of increasing size. Obviously this won't work in the real world since the amount a gambler can bet is limited both by how much the other party is willing to wager as well as the amount of money available to the gambler.
If you have an unbounded amount of money to gamble with, why bother gambling?
- gexla 6y agoThis isn't a theoretical exercise. I have demonstrated to friends how the Martingale strategy doesn't work in online casinos. The strategy is alluring because the strategy can (but won't always) "work" for hours of play, then then you eventually get hit with an event which wipes you out. Give someone an hour where it works, and they're convinced.