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Martingale Odds In The Long Run

Started by Bayes, Aug 22, 04:02 AM 2010

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Bayes

"if we would be immortal regular gamblers, we shall be ruined for sure. Because we are not, there are still chances to get rich or make a living with that. This could be one of the advantages of not being immortal."

link:://probability.infarom.ro/martingale_odds_in_long_run_article.html
"The trouble isn't what we don't know, it's what we think we know that just ain't so!" - Mark Twain

VLS

Quote from: Bayes on Aug 22, 04:02 AM 2010
"if we would be immortal regular gamblers, we shall be ruined for sure. Because we are not, there are still chances to get rich or make a living with that. This could be one of the advantages of not being immortal."

Absolutely agree dear Bayes.

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GLC

Quote from: Bayes on Aug 22, 04:02 AM 2010
"if we would be immortal regular gamblers, we shall be ruined for sure. Because we are not, there are still chances to get rich or make a living with that. This could be one of the advantages of not being immortal."

link:://probability.infarom.ro/martingale_odds_in_long_run_article.html

Bayes my friend,

Good article.

So what I get from this article is that the author either doesn't believe in life after death or if he does, he doesn't think there will be roulette in heaven or hell. :'( ??? :ooh:

What a miserable future he's looking forward to. :o :o

George

Just kidding! ;D :lol:
In my case it doesn't matter.  I'm both!

albalaha

Martingale is the most fishy progression ever made and what we call as long run, has to fail with huge losses always.

vladir

"In God we trust; all others must bring data", W. Edwards Deming

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