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Old 04-20-2005, 03:56 AM
BruceZ BruceZ is offline
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Join Date: Sep 2002
Posts: 1,636
Default Re: Simple coinflipping problem.

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Bruce,

Nice post. It really is amazing how such a small advantage per flip gives you such a large advantage in the overall game with only 15 bets.

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Thanks. That's because your risk of ruin decreases exponentially with bankroll. When you double your bankroll, you must then lose your original bankroll twice to go broke, and so the risk of ruin is squared.
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