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Don’t chase your losses. Most of the time this can result in even more substantial losses, leaving you inside of a worse situation than where you commenced.

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, where by n = number of rounds performed, p = chance of profitable, and q = likelihood of shedding. The binomial distribution assumes a result of one device for just a gain, and 0 models for your loss, as opposed to −1 models for just a decline, which doubles the choice of attainable outcomes.

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