You're making those finger pushups look too easy.
| Poster's Sportsbook Poll: 2011View Poll Results | ||
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| # 3 Heritage | 227 total points | Heritage Review |
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| # 5 BetIslands | 129 total points | BetIslands Review |
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Sick video
SBR Founder Join Date: 7/20/2005
this math.com poster is brilliant
"Hey boys,
Just had to respond to this thread. Martingale doesn't work, plain and simple. Doesn't matter if it's blackjack, coin flipping, or sports betting. The Investor, it's not surprising that you're making money with this strategy - in the short run. But eventually you're going to get a crap string of luck and you'll be out your whole investment. A small but consistent return for a decent period of time won't compensate for the rare but painful time you lose.
An example:
Suppose you have $1000, can pick a winner 50% of the time, and start off with $10 bets. Then you can afford to lose at most 5 times. Your 6th bet is your last chance. The probably of losing 6 bets in a row is (0.5)^6 = 1.56%
This is unlikely, but the cost of it happening is huge. See how long it takes you to lose 6 times in a row flipping a coin. Run a simulation in Excel or some other program. Now if you say your chance of winning on any given bet is greater than 50%, then why not just bet it straight?
So far you're up $100 from an initial investment of $10,000. I hope this continues for a long stretch before the big hurt comes, or you'll be eating popcorn for breakfast like JJ.
SBR Founder Join Date: 10/9/2005
how many patrick batemans ghosts are running around out there?
SBR Founder Join Date: 10/9/2005