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Beginners & Help
Re: Gambling Degenerates
by
learnmore
on
03/06/2013, 22:34:45 UTC
Quote from: Birdy on June 03, 2013, 09:08:52 PM
Quote from: frott on June 03, 2013, 09:01:48 PM
doubling your bet on a loss on a 50% winning chance is not the dumbest thing you can do, given enough time and money with no limit.
It may not be the dumbest thing you can do, but it's quite dumb. (Also there will always be a limit)
Read this:
http://coinbits.com/2013/01/05/how-to-bet-efficiently-on-satoshidice-and-why-you-shouldnt-use-the-martingale-method/
Nice YouTube video demonstrating a perfect Martingale FAIL in that link above.
http://www.youtube.com/watch?v=6xsfuSxLvp0
Learned something new today. Thanks!