Eli5: Why can’t you just double your losses every time you gamble on a thing with roughly 50% chance to make a profit

354 views

This is probably really stupid but why cant I bet 100 on a close sports game game for example and if I lose bet 200 on the next one, it’s 50/50 so eventually I’ll win and make a profit

In: 4566

16 Answers

Anonymous 0 Comments

a) you don’t have infinite money

b) the odds are chosen to ensure that on average you always lose money

You are viewing 1 out of 16 answers, click here to view all answers.