Let's say you're odds of winning a game are 48%, and you have 100 coins. Every time you win, you double your bet. For example if you bet 10 coins and win, you would have 20 coins. If you stick with a certain strategy, I am thinking you win 1 coin every round. Here's how it works:
- Whenever you lose, you double the amount you bet previously
- Whenever you win, you restart your bet to 1 coin.
So if you start with 1, and lose on a 1, 2, 4, but win on an 8, you just made 1 coin. Could you restart the cycle and keep winning 1 coin?
There has to be a flaw in my logic, could someone find it?