exercise:91ef759ec9: Difference between revisions
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Another well-known gambling system is the ''martingale doubling system''. Suppose that you are betting on red to turn up in roulette. Every time you win, bet 1 dollar next time. Every time you lose, double your previous bet. Suppose that you use this system until you have won at least 5 | |||
dollars or you have lost more than 100 dollars. Write a program to simulate this and play it a number of times and see how you do. In his book | |||
''The Newcomes,'' W. M. Thackeray remarks “You have not played as yet? Do not do so; above all avoid a martingale if you do.”<ref group="Notes" >W. M. Thackerey, ''The Newcomes'' (London: Bradbury and Evans, 1854--55).</ref> Was this good advice? | |||
Suppose that you are betting on red to turn up | |||
in roulette. Every time you win, bet 1 dollar next time. Every time you | |||
lose, | |||
double your previous bet. Suppose that you use this system until you have won at least 5 | |||
dollars or you have lost more than 100 dollars. Write a program to simulate | |||
this and play it a number of times and see how you do. In his book | |||
''The Newcomes,'' W. M. Thackeray remarks | |||
“You have not played as yet? Do not do | |||
so; above all avoid a martingale if you do.”<ref group="Notes" >W. M. Thackerey, ''The | |||
Newcomes'' (London: Bradbury and Evans, 1854--55).</ref> Was this good advice? | |||
'''Notes''' | '''Notes''' | ||
{{Reflist|group=Notes}} | {{Reflist|group=Notes}} | ||
Latest revision as of 20:15, 12 June 2024
Another well-known gambling system is the martingale doubling system. Suppose that you are betting on red to turn up in roulette. Every time you win, bet 1 dollar next time. Every time you lose, double your previous bet. Suppose that you use this system until you have won at least 5 dollars or you have lost more than 100 dollars. Write a program to simulate this and play it a number of times and see how you do. In his book The Newcomes, W. M. Thackeray remarks “You have not played as yet? Do not do so; above all avoid a martingale if you do.”[Notes 1] Was this good advice?
Notes