Is this a fair question?

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  • reno cool
    SBR MVP
    • 07-02-08
    • 3567

    #1
    Is this a fair question?
    Lets say I'm going to start with 100$ and flat bet 10$ --- even money bets with say a 52% chance of winning.
    Now I can say that I have a certain chance of busting x before I hit a certain high point y.
    As y increases so does x
    Is it fair to ask then what are my chances to grow my stake infinitely?
    It seems that at some point x would have to even out otherwise everyone would ultimately go broke.
    How does this work?
    bird bird da bird's da word
  • Ganchrow
    SBR Hall of Famer
    • 08-28-05
    • 5011

    #2
    Originally posted by reno cool
    Lets say I'm going to start with 100$ and flat bet 10$ --- even money bets with say a 52% chance of winning.
    Now I can say that I have a certain chance of busting x before I hit a certain high point y.
    As y increases so does x
    Is it fair to ask then what are my chances to grow my stake infinitely?
    It seems that at some point x would have to even out otherwise everyone would ultimately go broke.
    How does this work?
    I outlined the methodology for solving problems such as these in this post.
    Comment
    • Data
      SBR MVP
      • 11-27-07
      • 2236

      #3
      First, Buchdahl's book has already been recommended to OP and it addresses the raised and associated questions thoroughly.

      Second, Ganchrow has already been recommended more than once to publish a book of his own.

      It seems we are going in circles. I already noted that the Think Tank forum life is a bitch. Crap, this is depressing.

      OTOH, it is Friday. I am going to mix some more drinks.
      Comment
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