Hello, I'm new to this forum. About this coin flip quiz. I think this is an interesting topic when refering to progressive betting. ie.(bet 1 and lose so bet 2 and lose so bet 4 and on and on) If you had an infinite amount of money your heads/tails will eventually land and you would win 1. The problem with this idea is:-
1. There are limits on most casino's (eg. red/black on a roulette
table) might be max bet 32 if min bet 1 = this would give you the chance of (for example seven reds - the same as 5 heads -apart from green)
2. you are betting the risk of 100 for 1 on every combined betting.
Which is better odds: bet 32 in hope to get 1
five heads/reds landing
Also to reach a reasonable roi of say 20% of 32 you would need to do this 6-7 times in a row
Hope this is not too confusing.
My question is:- Is progressive betting worth it?