Re: Probability of going broke
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I don't see how its possible to not be broke. If each bet has a negative -EV
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Baron,
read the question again. he wins 1100 but loses only 1000 on a 50/50 bet. so with a very large bankroll (relative to 1000) he would be unlikely ever to go broke. but the exact calculation is not so easy.
gm
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