Comment on I'm at a roulette table. I only bet on red. When I lose I triple my bet, when I win I restart. Is this a roulette strategy?

lyth@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

Congratulations, you’ve invented the Martingale betting system and are well on your way to becoming an adept probability theorist

The short answer is that casinos account for this by changing the profit returns and the odds of making a profit at all so that catastrophic losses are much more likely

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