beating the casino is easy

Why don't you play a game in life where the odds are in your favour? For example a job.

>>2077868
>whenever you lose, you keep doubling your bet so you maintain the last highest net profit.
This is called the Martingale strategy, and it doesn't work. The probability that you will lose n times in a row is non-zero, and that's where you lose all your money.

https://en.wikipedia.org/wiki/Martingale_(betting_system)#Mathematical_analysis

>>2077885
This + table limits

It's called martingaling and all casinos set limits on what you can bet, effectively banning the betting strategy. You think they're stupid and you're a genius for thinking this up? KYS pleb.

>>2077868
Why aren't you doing this op ? I actually have a phd in math and it works indeed. So go do it, and be sure to take all your savings to the casino

>>2077868
>89% chance of winning
That's true
>90%(*89%) chance to earn 40k
Also true

But you forgot to mention that you have 11% chance to lose 1 million dollars.
If you do this another 10 times you're more likely to lose 1 million than earn 400k. As you can see. It doesn't make sense as a long term strategy. Anything with a probability * profit ratio less than half makes no sense in the long run

Ok idiot. Might wanna post this as a lifehack on youtube and cash out with the ad revenue instead, im sure there are bigger morons than OP.

A better way to do this is to bet people that you can come out with a 4% profit after 1000 games for 10% of your cash stack. Now THAT would be a viable long term strategy

Can confirm this doesn't work even with 50/50 chances.

t. broke runescape staker

you have a 89% chance for a small profit, and a 11% chance of losing it all

the expected value is negative and exactly the same as if you made a single bet