Quote from: justdimin on November 12, 2019, 05:43:55 AM

Quote from: Battareus on November 11, 2019, 02:09:33 AM

The whole world is a set of systematic randomness. 2 people in one city cannot go crazy and go jump from the roof. More precisely the probability of such event is extremely small. We dont see 5 times in a row bust at 1x, (I saw 3) just as we dont see 10 times in a row at 10x, we can build an algorithm that tracks a sequence of rare events after which will start the game.

Don't get me wrong there are still possibilities and there are rare instances, so yes you are right that when you build a strategy you feel like you are doing it based on what is rare and what is not rare. Yet what you are forgetting is that the game CAN go 1000x twice in a row, the game CAN go 1.13 10 times in a row, just because it is rare doesn't mean it is impossible, the word "impossible" here is not used figuratively but literally, it is literally possible to make insane moves.

Now of course, you can make more money by chasing the rare events because they are rare so you would lose "rarely" but that doesn't mean it won't happen. Which means you will make a profit for a long time and hit a bad luck couple times in a row and lose all your money, the only difference between you and someone who lost all his money on first try would be the time you guys spent.

For rare events is made a reset to the initial bet. Doubling does not go on forever, the loss after the last unsuccessful bet is overlaps by subsequent successful ones which will go after the reset. There is a certain balance in the system of doubling bets, at some moment it ceases to work in plus and begins to increase the loss in progression.