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/biz/ - Business & Finance

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53904380 No.53904380 [Reply] [Original]

if you go to the casino and place $2 on black and reinvest your winnings just 20 times you'll walk out a millionaire. Worst case scenario, you lose $2.

>> No.53904393
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53904393

>>53904380
smart. bump for poor people

>> No.53904398

>>53904380
Flip a coin 20 times in a row and tell me if you get heads every time.

>> No.53904410

>>53904380
if you do it 40 times you'll walk out a billionaire. do the math kid.

>> No.53904414
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53904414

>>53904398
FUD

>> No.53904485

>>53904414
>Water down soup so everyone can eat and not go hungry during the worst known crisis of mankind
>Somehow this is a horrible thing to do

>> No.53904498

>>53904380
>he's betting on the 1:1 odds
NGMI. 32:1 is where the Chad's play

>> No.53904499
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53904499

>>53904485
better

>> No.53904574

>>53904410
aktually you only need 30 doubles to make a billion, 40 would make a trillion

>> No.53904587

>>53904498
baccarat has better odds than roulette anyway, i just didn't want to confuse people

>> No.53904799
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53904799

>>53904587
too late i m confuse. i don t know what i like

>> No.53904870

>>53904380
Yeah. And if it doesn't work the first time, try again. And again.

>> No.53904925

>>53904799
Why is her vagina so puffy? Is this common with women?

>> No.53904985

>>53904414
What game is this? Please I need to know.

>> No.53905002

>>53904985
Frostpunk

>> No.53905007
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53905007

>>53904380
Just double your bet every time you lose

>> No.53905105

>>53904393
Just like zoomers on swiping on ticktock

>> No.53905158

>>53904799
now that's a woman

>> No.53905222

>>53905007
if you walk in with 10k and start on a $3 min table this isnt a bad strategy

>> No.53905242

>>53905007
Based and martingalepilled

>> No.53905258

>>53904380
You make more money betting against it hence the casino.

>> No.53905319

>>53904380
you have a 0.00009537% chance of that working

just buy a lottery ticket. it's roughly the same odds to win a million

>> No.53906407
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53906407

>>53904380
The probability of winning 20 times in a row is 1/2^20 so you need on average 2^19 tries until you win. $2*2^19 is $1,048,576. You may now understand why casinos are a viable business.

>> No.53906420

>>53904380
>lose $2.
And spend $25 on the seafood buffet plus drinks.

>> No.53906488

>>53904380
Save yourself 45 minutes of driving and just buy a lotto ticket, or better yet just burn the $2

>> No.53906938

gambling is sick yo

>> No.53906950

>>53906407
Its not 50/50, theres green also

You may now understand why casinos print money

>> No.53906961

>>53904398
Weak fud

>> No.53906972

>>53904380
if you were lucky to begin with would you need to gamble your money away?

>> No.53907077
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53907077

>>53904380
Thanks OP, I just tried it and it worked!
Every now and then you find some true diamonds in the rough on /biz/.

>> No.53907148

>>53906407
The numbers go from 0 to 36 (inclusive), so there are 37 numbers. 18 are red, 18 are black, and 0 is green. If you bet on red, your chance of winning is 18/37 = 48.[648...]%. A bet on red or black pays "even money", so you double your bet.
The expected value of an initial bet of size $B is
E = (18/37)*B - (19/37)*B = -1/37*B.
If the chances were 18/36 vs 18/36, the expected value would be 0, so it'd be a fair bet, though if you bet everything each time, there's your chance of getting wiped out (you win bets R_1,...,R_n, but lose R_n+1). However, the same applies to the casino (your win and its loss are symmetrical in a certain sense): they win on guests G_1,...,G_n, but G_n+1 comes and wipes out the casino by winning 20 times in a row or something.
The negative expected value ensures that, on average, they win.

>> No.53907194

>>53904380
>casinos don't religiously maintain pay in to out ratio logs
Breh, that's all they do. That and flashing lights. And booze, of course. Obviously a little booze also helps.