How deep pockets do you need to be able to recover your losses ?

[Zanydruid]

You place a bet x with the options where you double your stake with 100 % for each loss  and you need to make like 98 dollar a day. What you have to look out for is a long series of losing streak, lets say dice e.g. with 50 % chance and 1.98 multiplier. You need like a million dollars to not be afraid to loose it all, cause you only need the bet to hit once.

Is this a viable strategy or will you lose it all in the end, like if you get some crazy losing streak with 50$,100$,200$,400$,600$,1200$,2400$,4800$,9600$,19200$,38400$,76800$,153600$,307200$,614400$. That's 15 times in a row.   1/(2^15) = 1/32768 = 0,000030517578125 % chance of occurring.  Please correct me if the math is wrong.

 

 

[kenjaray10]

odds and statistics dont apply to here

[sizzlinghotx]

Ive seen 24 reds in baccarat and 15 blacks in roulette, so keep trying)

[GotSeven]

My math is not so good but my exprience on dice says that 15 loses streak is very easy