Post
Topic
Board Beginners & Help
Re: Where to invest?
by
murraypaul
on 29/09/2013, 09:56:33 UTC
Yes. To repeat my earlier post:
Quote
No, it isn't.
You will, on average, lose more than you win.
You are likely to win a small amount, but there is a small chance of losing everything.
The expected result of any truly fair gambling with a house edge is negative.

Your screenshot demonstrates this perfectly.
You've made a return of less than 0.5% of your investment.
You will be able to do this almost all the time.
And then, on that one really unlucky run, you will lose it all.
Your expected return, over a long enough series of runs is negative.