"if we would be immortal regular gamblers, we shall be ruined for sure. Because we are not, there are still chances to get rich or make a living with that. This could be one of the advantages of not being immortal."
link:://probability.infarom.ro/martingale_odds_in_long_run_article.html (link:://probability.infarom.ro/martingale_odds_in_long_run_article.html)
Quote from: Bayes on Aug 22, 04:02 AM 2010
"if we would be immortal regular gamblers, we shall be ruined for sure. Because we are not, there are still chances to get rich or make a living with that. This could be one of the advantages of not being immortal."
Absolutely agree dear Bayes.
Quote from: Bayes on Aug 22, 04:02 AM 2010
"if we would be immortal regular gamblers, we shall be ruined for sure. Because we are not, there are still chances to get rich or make a living with that. This could be one of the advantages of not being immortal."
link:://probability.infarom.ro/martingale_odds_in_long_run_article.html (link:://probability.infarom.ro/martingale_odds_in_long_run_article.html)
Bayes my friend,
Good article.
So what I get from this article is that the author either doesn't believe in life after death or if he does, he doesn't think there will be roulette in heaven or hell. :'( ??? :ooh:
What a miserable future he's looking forward to. :o :o
George
Just kidding! ;D :lol:
Martingale is the most fishy progression ever made and what we call as long run, has to fail with huge losses always.
link:://en.wikipedia.org/wiki/Infinite_monkey_theorem (link:://en.wikipedia.org/wiki/Infinite_monkey_theorem)
I'm not so sure about that ...