Martingale System See the Recreational Mathematics box on
Chapter 5, Problem 5.1.689(choose chapter or problem)
Martingale System See the Recreational Mathematics box on page 274. Use the Martingale system to answer the following questions.
a) Assume a player is using a $1 standard bet and loses five times in a row. How much money should the player bet in the sixth round? How much money has the player lost at the end of the fifth round?
b) Assume a player is using a $10 standard bet and loses five times in a row. How much money should the player bet in the sixth round? How much money has the player lost at the end of the fifth round?
c) Assume a player is using a $1 standard bet and loses 10 times in a row. How much money should the player bet in the eleventh round? How much money has the player lost at the end of the tenth round?
d) Assume a player is using a $10 standard bet and loses 10 times in a row. How much money should the player bet in the eleventh round? How much money has the player lost at the end of the tenth round?
e) Why is this a risky strategy?
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