Ashton Technology (ASTN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Ashton Technology (ASTN)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: M. Frank Greiffenstein who wrote (1494)	6/3/1999 1:16:00 PM
From: AJ Berger	Read Replies (1) of 4443

How to play the Gamblers Falacy to your Advantage while it's true after 20 reds, black still only has a 50/50 chance of coming up on the 21st bet. However, if you consider that each 50/50 type bet should average 50/50 after 20 bets, you can play this situation to your advantage if you ALWAYS double your bet on each throw. Then when Black comes up, you will make up your previous losses and still come out ahead, this assumes you had enough money to keep doubling your bet each time till you finally hit. It is for this reason that you see "00" and crapping out, so the house does not keep losing to such basic betting systems. Since stocks don't have "00" trapdoors, Zebra could theoretically come out ahead, if he is always willing to increase his bet to cover the cumalitive losses from previous failures till he finally "hits" correctly, however we all know that stock trading is seldom as simple as any flip of a coin bet.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next