Re: Anything that can happen will happen?
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For a martingale player on Roulette even chances, his chances of getting 10 losers in a row is 100% - 99.83% or 0.17%. A 0.17% risk of ruin.
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You've way oversimplified risk of ruin. You only have a 0.17% ROR on any 10 spins in a row...but presumably, your goal isn't just to win one unit or go bust. However, when you keep doing this over and over again, you only need to hit that rare event once to go bust..and that "rare" event becomes more and more likely to happen somewhere along the line the more spins you are going to play.
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