Blowing.Rock Master wrote:
I thought more about what you posted. As long as you go back to your original small bet after a win, you can't have an infinite loss because you're starting over (I think theoretically you still could if you never won again). If you start by betting $2 and win you get $2 profit. If you start with $2 and lose 20 times in a row, you have to bet more than $1,000,000 to get back to even. Seems like an awfully risky way to make $2.
Right, but once winning the roll when I'm at even, Instead of considering it a profit, I make it my new even.
So once again, I figured out with the table that I was playing at, I could roll 10 times (and lose) at a 47.37% chance before I could no longer bet high enough to make up for my loss if I won.
Can anyone calculate what the odds are of losing 10 rolls in a row at a 47.37% chance each roll?