Open AccessGambling strategies for random sequences
Author(s) -
George Davie
Publication year - 2010
Publication title -
suid-afrikaanse tydskrif vir natuurwetenskap en tegnologie/die suid-afrikaanse tydskrif vir natuurwetenskap en tegnologie
Language(s) - English
Resource type - Journals
eISSN - 2222-4173
pISSN - 0254-3486
DOI - 10.4102/satnt.v29i1.3
Subject(s) - outcome (game theory) , sequence (biology) , psychology , computer science , epistemology , mathematical economics , mathematics , biology , philosophy , genetics
There is a general consensus that it is not possible to gamble successfully against a random se-
quence. This consensus is based on results from probability theory that all gambling systems are
in some sense futile and the idea that at any stage of the sequence, the next outcome is entirely