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Opie and Anthony Reddit Forums

quasi101

the $83,736.99 fugitive
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My concern really is how long can he keep losing. No one wins forever but no one always loses. If he pulls off a W, it’ll be purely out of luck; not skill or intelligence. How big will that W be for him and what it means for us is my concern.


Risk of ruin is a concept in gambling, insurance, and finance relating to the likelihood of losing all one's investment capital or extinguishing one's bankroll below the minimum for further play.[citation needed] For instance, if someone bets all their money on a simple coin toss, the risk of ruin is 50%. In a multiple-bet scenario, risk of ruin accumulates with the number of bets: each repeated play increases the risk, and persistent play ultimately yields the stochastic certainty of gambler's ruin.
 
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