2009-11-30, 09:01 PM
Maybe I've got something wrong, but couldn't you practically insure that you make some money gambling if you continuously bet more than you did the last time, and start over from a low amount each time you win?
Say you're going on 1 in 2 odds of either doubling your bet or losing it. Each time you lose, you withdraw and gamble twice the amount you've lost on your fail chain. Once you win, you start over at $1.
Even when the odds are against you (though not too extreme) you can still make money. Say you had a 1 in 7 chance of only doubling your money. If you always gambled the same amount, you'd normally lose money, but now it actually speeds up your gainings, even if it does make it more unstable.
By using this method, you'd always turn positive the total amount you've withdrawal'd since your last win. The only holes in this method is that it will either take quite a few tries to make any money or you'll just fail so many times in a row that you deplete your very real and finite wallet.
So, uh, does this actually work, or did I just do the math wrong somewhere?
Say you're going on 1 in 2 odds of either doubling your bet or losing it. Each time you lose, you withdraw and gamble twice the amount you've lost on your fail chain. Once you win, you start over at $1.
| balance | withdrawal & bet | result | fail debt |
|---|---|---|---|
| 0 | 1 | fail | 1 |
| -1 | 2 | pass | x |
| 1 | 1 | pass | x |
| 2 | 1 | pass | x |
| 3 | 1 | fail | 1 |
| 2 | 2 | fail | 3 |
| 0 | 6 | pass | x |
| 6 |
Even when the odds are against you (though not too extreme) you can still make money. Say you had a 1 in 7 chance of only doubling your money. If you always gambled the same amount, you'd normally lose money, but now it actually speeds up your gainings, even if it does make it more unstable.
| balance | withdrawal & bet | result | fail debt |
|---|---|---|---|
| 0 | 1 | fail | 1 |
| -1 | 2 | fail | 3 |
| -3 | 6 | fail | 9 |
| -9 | 18 | fail | 27 |
| -27 | 54 | fail | 81 |
| -81 | 162 | fail | 243 |
| -243 | 486 | pass | x |
| 243 |
By using this method, you'd always turn positive the total amount you've withdrawal'd since your last win. The only holes in this method is that it will either take quite a few tries to make any money or you'll just fail so many times in a row that you deplete your very real and finite wallet.
So, uh, does this actually work, or did I just do the math wrong somewhere?