I'm curious as to what are the chances, starting at a base of $5, that you will be able to gain $1,000 using the martingale system, with say, a starting value of $5,120. Obviously, you'd have to lose 10 in a row or so to go broke. And you'd have to win 200 martingale rounds to get to your goal of $1,000. So what are the chances you gain the $1,000 before you bust out?
I know there is a way to figure this out mathematically... I was hoping a sharp out there could help me out.
I know there is a way to figure this out mathematically... I was hoping a sharp out there could help me out.