Post
Topic
Board Gambling
Re: Challenge: What's the best way to win 1 BTC with 1 BTC?
by
dooglus
on 17/10/2015, 18:02:41 UTC
Initial bet : 0.0001BTC
On lose multiply by : 1.0001010101x

Playing at 9900x

If you win your first bet you stop with a profit of 9899 * 0.0001 = 0.9899 BTC

The goal is to make a profit of 1 BTC.

I think you need to play with a higher multiplier or something.

hehehe yeah. Cheesy

Here's a plot of the probability of doubling up against the payout multiplier you use:



I'd love an explanation of why it tops out at 0.496522222!