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Politics : High Tolerance Plasticity
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To: cnyndwllr who wrote (689)3/1/2001 1:32:40 PM
From: William JH  Read Replies (1) of 23153
 
Ed, "Martingale" is a gambling system where the player doubles up after each loss, until hopefully, he wins a bet.
Works fine most of the time, problem is, when it doesn't work the player experiences "gamblers ruin."

I'm not implying that anyone is doing this, really just trying to warn about the dangers of averaging down. I hope I don't cause anyone to abandon a potential winning position.

I've gone broke in many ways over the years, I'm sort of an expert in how to do it -g-
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