Gambling Math

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According to the video, online gambling sites with cryptocurrency have become a new business model for degens, but the math behind the games makes it impossible to win in the long term.

The video uses the example of a cryptocurrency casino game called Roobet to explain the math behind the game. This math shows that the expected value of a bet is always negative, meaning that you will lose money playing this game over time.

The video also discusses a strategy called the Martingale strategy, which people try to use to beat the game. The Martingale strategy involves doubling your bet every time you lose. However, the video shows that this strategy is also not successful in the long term, because there is a maximum bet amount on most casino websites.

Overall, the video concludes by saying that the casino always has the advantage in this game, and that there is no way to beat it in the long term.

This video is important for software developers to learn about because it shows how math can be used in real-world applications, such as online gambling. Software developers can use this knowledge to create games that are fair and profitable for the casino.