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Supposing you were
playing roulette and made even-money bets on Red.
Your starting bankroll is 40 dollars. You can't hope
to get ahead if you wager $1 each time and collect
after every win.
As a smart gambler you bet bigger using your
winnings, not the money you brought to the table.
This is what would happen if you were on a winning
streak and you bet-back your winnings plus one
dollar from your original stake in each consecutive
round:
1. Round: Bet $1, win $1, and collect $2
2. Round: Bet $2 plus $1, win $3, and collect $6
3. Round: Bet $6 plus $1, win $7, and collect $14
4. Round: Bet $14 plus $1, win $15, and collect $30
5. Round: Bet $30 plus $1, win $31, and collect $62
6. Round: Bet $62 plus $1, win $63, and collect $126
Five- or six-round streaks are not uncommon, As long
as you bet only one unit of your own money each
round, you won't get into much trouble.
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