Disclaimer

Goode says: "I believe the statistics show that you can't beat the line in any endeavor whether it be football, basketball, baseball, roulette, games of chance, love, politics or war."

The "Gambler's Ruin" problem explains why you can't win. Over time the side with the biggest bankroll (casino or book) wins all the money. For a simple explanation, see Wolfram MathWorld's Gambler's Ruin entry. For a simulation try this one from Prof. Garsia's Animated Statistics class at UC San Diego: The Gambler's Ruin Problem (sroll down to page bottom).

While it is believed to be from reliable sources, the information presented on this website is not to be construed as a recommendation of any kind. It is for entertainment purposes only. We strongly encourage our readers not to gamble, especially so in locations where it is illegal under federal, state or local law.