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#11
10-25-2005, 11:06 AM
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Re: How do you explain Martingale to someone who doesn\'t understand EV?
Take him to play money roulette online. Have him start with $1. See how long it takes him to lose whatever play money they give him.
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#12
10-25-2005, 04:32 PM
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Re: How do you explain Martingale to someone who doesn\'t understand EV
[ QUOTE ]
No. It has been discussed before here. If you get an infinite bankroll, there is still a small chance to you lose in an infinity, which is enough for the martingale system to fail. [/ QUOTE ] There is no chance of an infinite losing streak. None. Not a very small number close to zero. See this thread for a detailed mathematical breakdown of the subject.
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#13
10-25-2005, 04:52 PM
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Re: How do you explain Martingale to someone who doesn\'t understand EV
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#14
10-25-2005, 05:33 PM
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Re: How do you explain Martingale to someone who doesn\'t understand EV
I did read that thread. I can't believe they went on so long with such nonsense.
Look. Give me, the Infinite Martingaler, any goal for winnings. Say $500. What are my chances of winning $500 with this system? My chances are 100%. Halfway through that thread they started saying that infinite losing streaks are possible. They aren't. Here is a simple proof (credit to WhiteWolf). Please find the flaw in it. [ QUOTE ] Assign x the value of 0.99999...: x = 0.9999... Multiply each side of the equation by 10: 10x = 9.9999... Factor out 9.9999... as 9 + 0.9999... 10x = 9 + 0.9999... Since x= 0.9999..., replace 0.9999... in the right hand side of the equation: 10x = 9 + x Subtract x from each side: 9x = 9 Divide each side by 9: x = 1 Since x equals both 1 and 0.9999..., 1 does indeed equal 0.9999.... [/ QUOTE ]
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#15
10-25-2005, 06:00 PM
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Re: How do you explain Martingale to someone who doesn\'t understand EV
We can contine this by saying the posibility of infinite money and infinite spins are impossible. You cant make the assumption that infinity is possible on one side, but not by the other.
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#16
10-25-2005, 06:09 PM
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Re: How do you explain Martingale to someone who doesn\'t understand EV
[ QUOTE ]
We can contine this by saying the posibility of infinite money and infinite spins are impossible. [/ QUOTE ] Of course infinite money or spins is impossible. This is all theoretical. [ QUOTE ] You cant make the assumption that infinity is possible on one side, but not by the other. [/ QUOTE ] Please rephrase. What sides are you talking about?
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#17
10-25-2005, 06:17 PM
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Re: How do you explain Martingale to someone who doesn\'t understand EV
First youre saying that 0,9999... is always the same as 1.00.
With that youre killing the possibility of infinity, so you cant make the assumption that you have an infinite bankroll anymore.
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#18
10-25-2005, 06:23 PM
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Re: How do you explain Martingale to someone who doesn\'t understand EV
[ QUOTE ]
First youre saying that 0,9999... is always the same as 1.00. [/ QUOTE ] I'm not "saying" that. It is an undeniable fact. [ QUOTE ] With that youre killing the posibility of infinity, so you cant make the assumption that you have an infinite bankroll anymore. [/ QUOTE ] I have no idea where you get this from. I think you are really confused about something.
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