Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > General Gambling > Probability

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #25  
Old 10-29-2005, 12:05 AM
jason1990 jason1990 is offline
Senior Member
 
Join Date: Sep 2004
Posts: 205
Default Re: Can one overcome a -EV game?

[ QUOTE ]
O.K. Jason, I agree with your summation of infinite sequences. Since you know more about these things than I do it is my belief that I do not need to use an infinite sequence to prove that I am correct. I am confident that you can provide proof that the Casino will go broke using finite numbers for each (the casino and the opponent) given no cap on bettings. Correct?

Vince

[/ QUOTE ]
The first step toward making a proof is formulating a provable (or disprovable) statement. I don't know exactly what it is you want to prove, but I can try to work with you to create a mathematical formulation of your claim. You said, "the Casino will go broke using finite numbers for each (the casino and the opponent) given no cap on bettings." If I take this literally, it seems to mean

A. Suppose the "Casino" and the "Player" play a game that pays n to 1, the Player's chance of winning is p<1/(n+1), and there are no betting limits. Then there exist finite numbers A and B such that if A and B are the Player's and Casino's bankrolls, respectively, and the Player uses the "martingale strategy," then the probability the Casino goes broke is 1.

Is this what you mean? Somehow, I think it might not be. I'm guessing you mean

B. Let q be an arbitrary number strictly less than 1 (such as 0.99999, for example). Suppose the "Casino" and the "Player" play a game that pays n to 1, the Player's chance of winning is p<1/(n+1), and there are no betting limits. Then there exist finite numbers A and B such that if A and B are the Player's and Casino's bankrolls, respectively, and the Player uses the "martingale strategy," then the probability the Casino goes broke is greater than q.

Is this it? Or is it something else entirely?
Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 10:36 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.