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Old 07-17-2005, 03:20 AM
Dov Dov is offline
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Join Date: Oct 2003
Location: Chicago, IL
Posts: 277
Default Re: A Less Obvious Martingale Fallacy

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It makes no difference whether bet sizes increase at random or due to long losing streaks.

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If Cosmic Casino has to repay the entire amount lost to them plus 1 unit when the gambler finally wins, then how are they making money here?
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