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earned_myself_a_gin @lemmynsfw.com
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I'm at a roulette table. I only bet on red. When I lose I triple my bet, when I win I restart. Is this a roulette strategy?
  • Assuming you don't have infinite money, and that there are limits at the table, this is a good example of a non-ergotic system, where the mean and the median diverge. Because the rules of the game you defined dictate that at some point, you run out of money and have to stop playing, the outcomes for the median dip below that of the lucky few, who win more than lose owing to random chance. This is a super cool concept in a lot of systems, not just gambling fwiw

    Check out https://medium.com/incerto/the-logic-of-risk-taking-107bf41029d3 or https://taylorpearson.me/ergodicity/