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Martingale probability calculator

martingale probability calculator

I was reading the Martingale betting system on wikipedia and there is something not completely clear to me. The article says at some point.
martingale - Probability calculator using Martingale strategy as a betting system in Roullete games.
Let's put the Martingale system to bed right here in the first paragraph. for games of chance where you had a 50% probability of winning. Great Martingale Calculator (English)

Free download: Martingale probability calculator

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Actually, the probability of failure increases. Usually, the Martingale player will win but occasionally he will have more consecutive losses than he can handle and suffer a major loss. The Truth about Betting Systems. Could you explain what you are doing here? I guess there is a typo. Assuming n consecutive bets are lost and the n. This constant value gets ever closer to your stop loss.