A huge advantage the casino has is the fact that they have unlimited bank. Meaning you can't bust them, but they can bust you... and once you reach 0, there's no way to climb back that day.
Yep, I believe this is called Gambler's Ruin. Here is a great simulation of it http://math.ucsd.edu...t/gamblers_ruin.html
Wow this is cool, thanks for sharing that.
A huge advantage the casino has is the fact that they have unlimited bank. Meaning you can't bust them, but they can bust you... and once you reach 0, there's no way to climb back that day.
Yep, I believe this is called Gambler's Ruin. Here is a great simulation of it http://math.ucsd.edu...t/gamblers_ruin.html
Wow this is cool, thanks for sharing that.