>>715646You won't ever win in the gambling if you simply continue it after few illusionary wins, only a few people do win ( and they will sooner lose their money anyways if they continue the cycle ) , and of course the house always wins.
Let's say there's a gambling algorithm which somehow ensures a perfect chance of 49% for winning 2x the money you put into it.
So, the probability of winning is 0.49, and losing is 0.51
If we imagine a simple function
f(k,p) = + 0.49 * k - 0.51 p where k is won attempts and p is lost attempts, if we say that both k,p is going to infinite tries
k ~= p ~= infinity ( k and p will roughly be very close to infinity)
Since k and p are now very close, we can rewrite our function as f(n) = 0.49 n - 0.51 n where n is the amount of general tries, it yields the function of f(n) -0.02 * n , which means overall in every try you will lose -0.02 * n * money you bet.
and if the n is 1000 tries, you are going to have lost - 200 * money you spent.
>But ain't probability in general is pre-assumed to be the case in abstract, in theory you can win something that has 1% chance of winning 10000 times in a row.Indeed, we can't speculate the outcome in definite qualities, ( and there's VERY FEW people who might made profit out of gambling ) but as in theory there's a general tendency of losing ( which makes casinos existent, thats how they make money ) as in our simple function f(n) = - 0.02 * n ( for 49% chance of winning, in reality it is much much lower )
> I have an idea! What if we invest 2x amount of the money each time we lose our 1x money in an algorithm until we win, eventually we will make 1x money out of it! Example: you bet x, lost it, you bet 2x, lost it, you bet 4x, gained 8x
So at the end you bet 7x and gained 8x, making you receive 1x profit- and it looks like if you repeat it to eternity, you will have infinite money!
But of course, that is not the case.
1. Casinos most likely only allow limited scope of tries & bets.
2. This algorithm depends on the assumption that you do have an infinite capital. If you try it over and over with again 49% chance of winning. You'll get bunch of x profits. But in one try ( let's say 163048 th one ) , you will lose too many x that you won't be able to invest more and it will overwhelm all the small x money you've gained.
And there are more cases like this in a detailed writing:
https://en.wikipedia.org/wiki/Gambling_mathematicsYou can't in fact get one step ahead of the house. House is there because it wins. And it wins from you.
There's a story that…
Back then, some renowned physcists and mathematicians had to stay in a hotel with a casino for free. They together had throughoutly analyzed all the gambling algorithms and at the end they've managed to win over the casino in their stay if a week.
How did they win?
They didn't play and enjoyed their free stay.