Comment on Is there a house advantage in a "double-or-nothing" coin flip game?

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HandwovenConsensus@lemm.ee ⁨3⁩ ⁨months⁩ ago

Right, and as the chain continues, the probability of the player maintaining their streak becomes infinitesimal. But the potential payout scales at the same rate.

If the player goes for 3 rounds, they only have a 1/8 chance of winning… but they’ll get 8 times their initial bet. So it’s technically a fair game, right?

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