/sci/ - Science & Math

>>11373887
Let’s say you won your 4th bet. You go back to $1 right? It would only take 3 losses to wipe out your gains.
The question isn't “lose a 49/100 forever” the question is “lose a 49/100 3 times”. Still only a 11.6 percent chance. That’s just the odds of losing 3 out of three, but what are the odds of losing 3 in a row out of 30 bets? It approaches 100%
The math is not simple because streaks are not independent events, it’s Discrete-time Markov chain.
>>11372257
It’s not martiangale