I'm starting a hedge fund called "All on Black." Basically you give me all your money, I take a 2% management fee, then go play roulette. There's a 50% chance I almost 2x your money (before fees, of course).
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You guys know that a roulette wheel has 3 colors right?
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Yes but not evenly distributed. It’s ~50/50. Martingale method works best with coin flips. https://en.m.wikipedia.org/wiki/Martingale_(betting_system) …
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It’s 46% because of the 2 green spaces. Martingale won’t work in the long run. That’s how they pay for the fancy hotels
End of conversation
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