For those who say Martingale "never works", I woke up this morning to find that Just-Dice had lost 100 BTC overnight.
Looking into it, I see it was a single big player who won it, and he won it using Martingale.
Here's a chart showing his profit over the last 6 hours:
http://i.imgur.com/3GymqSB.pngFirst, I love how martingale charts look. A perfect martingale will be a straight line with periodic drops of varying magnitude, where deeper drops are exponentially more rare.
Second, is there any way to calculate the probability of a bust on a martingale procession while taking into account the ever-increasing bankroll it provides?
