Re: A stupid martingale going bust question.
European wheels with one green number often take only half your bet from a zero (they let the bet ride for the next spin, you get it back if you win, forfeit it if you lose), is that the case in your game? I'm assuming the answer is "no," they play like Americans and take your money when a zero comes up.
The chance of getting seven losses in a row is 0.00645, or 1 chance in 155. The chance of going 873 times without that happening is 0.00352, or 1 in 284.
So I would pay you $100 if you got to 873 wins, if you agreed to pay me $100 if you went bust without ever winning one spin. That's how bad your chances are.
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