Re: No Formulas or Advanced Math
Also, if my math is correct, if you start with X dollars, and bet $1 per coin flip with this coin weighted 2/3 in your favor, the probability that you'll ever go broke is:
0.375 * (1/3)^(x-1)
Start w/ $1 = 3/8 chance you'll ever go broke
Start w/ $2 = 1/8 chance you'll ever go broke
Start w/ $3 = 1/24 chance you'll ever go broke
Start w/ $4 = 1/72 chance you'll ever go broke
etc.
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