commander@lemmy.world to World News@lemmy.worldEnglish · 6 days agoTrump says 'major tariff' coming soon on foreign pharmaceuticalswww.usatoday.comexternal-linkmessage-square93fedilinkarrow-up1589arrow-down15
arrow-up1584arrow-down1external-linkTrump says 'major tariff' coming soon on foreign pharmaceuticalswww.usatoday.comcommander@lemmy.world to World News@lemmy.worldEnglish · 6 days agomessage-square93fedilink
minus-squareWindex007@lemmy.worldlinkfedilinkEnglisharrow-up34arrow-down2·edit-26 days agoIf you’ve lost 8 times in a row, you’re actually now betting 256x your original bet. It’s NOT a good strategy. Statistically it doesn’t by any means whatsoever ensure you’ll end up net positive. It’s called “Oscar’s Grind” and there is a plethora of mathematics that show it is does not beat the house.
minus-squareweirdboy@lemm.eelinkfedilinkEnglisharrow-up27·6 days agoIt is called the Martingale system. Oscars grind works in a completely different fashion, and you do not raise your bet when you lose.
minus-squareMearuu@kbin.melroy.orglinkfedilinkarrow-up8·6 days agoThank you for this. I knew how the strategy plays but not the name.
If you’ve lost 8 times in a row, you’re actually now betting 256x your original bet.
It’s NOT a good strategy. Statistically it doesn’t by any means whatsoever ensure you’ll end up net positive.
It’s called “Oscar’s Grind” and there is a plethora of mathematics that show it is does not beat the house.
It is called the Martingale system.
Oscars grind works in a completely different fashion, and you do not raise your bet when you lose.
Thank you for this. I knew how the strategy plays but not the name.