4 ms·
You're describing the anti-martingale which is a different strategy with a statistically expected profit of $0 for random coin flip type games. The Kelly crite
by ultra_nick 5y ago
You're describing the anti-martingale which is a different strategy with a statistically expected profit of $0 for random coin flip type games.
The Kelly criterion is different and has a positive expected profit.
- danielmarkbruce 5y agoNo, that's not what I'm describing at all. Re-read it, or re-read what martingale/anti-martingale is. I don't say anything about betting size based on a previous bet.