This 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 t

This 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.