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The comment you're responding to said $100 -> $5000. He's a moron to risk $100? There must be some context you didn't make explicit.
by MockObject 5y ago
The comment you're responding to said $100 -> $5000. He's a moron to risk $100? There must be some context you didn't make explicit.
- faeriechangling 5y agoStaking $100 or $1 or $10,000 or 100BTC or 100 widgets isn't the important point. It's that the previous poster is suggesting that he could have made 35x his bet on a single spin, while missing that he would have had to risk over 95% odds to lose his entire bankroll to do that. He would have to bet everything on one spin. If you lose your bankroll, you can't bet anymore, and your edge over the house is worthless. Now if you take a more conservative strategy, lets say you can lose 1% or win 35% of your initial bankroll, sure it may take longer but if you have an edge in your favor it should take a very unlucky streak of bad luck to go bankrupt and when you win your winnings will compound on top of eachother and the casino still will go bankrupt within a month if they don't ban you from playing roulette. So a more conservative strategy nets you more cash on average. This is kind of a tangent, honestly I'm not even sure how unlikely it is for a gambler with a reasonably executed winning strategy to double up a few times over a long night if they're running hot. They would be doing this over hundreds of rounds of betting, so a small edge compounds rather quickly.