A strategy that doubles the bet after every win? Hmmmm!
I thought the strategy was doubling the bet after every loss, which I am familiar with—the Martingale strategy.
This is just a version of Martingale strategy basically. It's just a simple compounding strategy where a small investment can become something huge if luck decides to side with you all the way.
Best to avoid these sort of strategies and focus on low risk ones instead though you should always invest only what you are willing to lose either way.
I agree.
Stability always wins over the potential in the long run, imo.
Better have something than nothing at all.