JJ - you gotta start takin' it easy on those roids

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  • mathdotcom
    SBR Posting Legend
    • 03-24-08
    • 11689

    #1
    JJ - you gotta start takin' it easy on those roids
    You're making those finger pushups look too easy.
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  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #2
    Sick video
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    • compaqDikk
      SBR Hall of Famer
      • 10-08-05
      • 5699

      #3
      this math.com poster is brilliant

      "Hey boys,

      Just had to respond to this thread. Martingale doesn't work, plain and simple. Doesn't matter if it's blackjack, coin flipping, or sports betting. The Investor, it's not surprising that you're making money with this strategy - in the short run. But eventually you're going to get a crap string of luck and you'll be out your whole investment. A small but consistent return for a decent period of time won't compensate for the rare but painful time you lose.

      An example:
      Suppose you have $1000, can pick a winner 50% of the time, and start off with $10 bets. Then you can afford to lose at most 5 times. Your 6th bet is your last chance. The probably of losing 6 bets in a row is (0.5)^6 = 1.56%
      This is unlikely, but the cost of it happening is huge. See how long it takes you to lose 6 times in a row flipping a coin. Run a simulation in Excel or some other program. Now if you say your chance of winning on any given bet is greater than 50%, then why not just bet it straight?

      So far you're up $100 from an initial investment of $10,000. I hope this continues for a long stretch before the big hurt comes, or you'll be eating popcorn for breakfast like JJ.
      Comment
      • mathdotcom
        SBR Posting Legend
        • 03-24-08
        • 11689

        #4
        compaqdikk,

        Flattery won't get you anywhere. Where is the 2 dimes you owe me? I told you to lay off the phuckin' horses.
        Comment
        • compaqDikk
          SBR Hall of Famer
          • 10-08-05
          • 5699

          #5
          how many patrick batemans ghosts are running around out there?
          Comment
          • flyingillini
            SBR Aristocracy
            • 12-06-06
            • 41219

            #6
            oh my haha this never gets old it is hilarious
            המוסד‎
            המוסד למודיעין ולתפקידים מיוחדים‎
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