this post was submitted on 12 Feb 2024
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[–] fluxion@lemmy.world 17 points 2 years ago (2 children)

A wise man once said: if you go double or nothing long enough, you will eventually win back everything.

[–] Kethal@lemmy.world 38 points 2 years ago* (last edited 2 years ago) (1 children)

This is true when you have infinite funds and your opponent has finite funds. https://en.m.wikipedia.org/wiki/Gambler%27s_ruin

This is why the house has better long-term odds, even if the odds of any individual event are even.

[–] fluxion@lemmy.world 3 points 2 years ago

Casino propaganda to stop us real winners from cleaning house

[–] Anticorp@lemmy.world 2 points 2 years ago

Double nothing, is nothing. That wise man doesn't understand the concept of nothing, nor mathematics.