Betting Game

Originally posted by uzless
Not sure i follow the text. Did you try calculating what happens if you increase your bet each time you lose? And, did you calculate that you will stop betting after you win once?

If so, then ok, i'll give it up.

If you use the 1, 2, 4, 8 etc. system your odds of reaching and losing the $32 is 9% (I am pretty sure. Correct me if I'm wrong.). If you use that system, you have a 91% chance of reaching $101 thus reaching the > $100 mark.

Obviously using smaller amounts (0.01, 0.02, 0.04 etc.) would be far more efficient. Also, a system like this might work: 1, 0.51, 0.76 etc.