/sci/ - Science & Math

>>14825583
here's a simple py script to show that profit is inevitable as long as you're patient

>>14825583
>>14825590
where are your billions, pranjeesh?

>>14825590
>discovers random walk
Now what if it's not fair, but slightly skewed, like roulette? Add an additional chance of 1 in 37 to lose.

>>14825617
He already lost everything in nearly every simulation

>>14825629
The premise is stupid if you go all in in the first round. One could say you start with 10 credits and bet 1.

>>14825590
>just go into infinite debts lol

>>14825617
if the fee is kept small, like 1% of 1%, then it doesn't matter too much
yes roulette (2% fee) is too high a fee and frequently results in infinitely long time-to-profit

but a 1% of 1% fee should be possible to still afford to offer the service
and the users would never encounter an infinitely time-to-profit situation
but then we get into the time value of money and real interest rates...

>>14825583
Randomness does not exist, everything is deliberate and has a reason behind it.
Unfortunately soientists, servants of Lucifer, the snake who convinced Adam and Eve to eat the fruit of knowledge(the fruit of science) have managed to convince people otherwise and that there is no God, no creator.

The thirst for knowledge is a sin, just like the lust for power, the craving of money and riches.

>>14825680
>like 1% of 1%,
So 0.0001? The actual "fee" is more like 5% though.

>>14825680
Is the target balance 10?
Sure, simply play 381079 times. Also, have more than $1000 in your pocket to walk out with $10 most of the time.

>>14825583
In casinos there is a bet limit for this reason. The strategy of doubling your coinflip bet every time you lose is effective without a bet or debt limit but these things exist so its not practical

>>14825701
I'm a Christian. Jesus Christ is my Lord and Savior. God raised Him from the dead.

>>14825717
if there's a bet limit you can just double the number of bets, instead.
or raise the RISK amount by 1 every time you lose while keeping the bet the same

>>14825590
nice introduction to markov chains, now derive the expected gain and expected time to reach such gain

>>14825701
Randomness at the scale of an omniscient God isn't, but at our scale, randomness is very much real. Fundamental results of quantum physics are probabilistic, we never get to see every possible outcomes, only a fraction, and there is no way to possibly predict it.

>>14825583
It is irrational to bet, that's not a real game. Even in casinos.

Anyway, you should study Martingales since you are so interested in betting and Stochastics.

>>14825878
it would be interesting to see the effect fees have on expected time and expected minimum balance endured.
like at what fee rate does expected time to profit become infinite. probably around .1%

I do know the random walk behave with ein mind