The Martingale Problem

The Martingale Betting system claims that by doubling your wager after each loss, no matter how many times they lose in a row, a gambler is guaranteed to eventually win big. It’s considered foolproof, and mathematically it is… until it isn’t.

With the aid of a faithful blackjack-dealing robot friend, Kevin puts this 18th-century France gambling strategy to the test. How does expected value play a role? What about exponential growth? Here’s the real question: Does it actually work!?

*** LINKS ***

The Difficulty Of Faking Data by Theodore P. Hill
http://www.kkuniyuk.com/Math119FakingData.pdf

Wizard Of Odds Streaks
https://wizardofodds.com/image/ask-the-wizard/streaks.pdf

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Hosted, Produced, And Edited by Kevin Lieber
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Huge Thanks Paula Lieber
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Видео The Martingale Problem канала Vsauce2