Originally Posted by tableplay View Post
Originally Posted by redietz View Post
Go to your local university. Call up a math professor. Pay him a consultant's fee, like dinner at Outback. Ask him the odds against a 5% probability event going 0 for 150.

Or ask tableplay. But buy him TWO dinners at Outback.
Drich or Mission or RS_ can chime in if they want Redietz, but I believe the chance of this happening is about 0.046% (probability an event with a 5% chance of occurring does not occur in 150 attempts of the event).
Where did the 5% risk of ruin come from? I'd like to see the math on that one. I'm not sure anyone truly understands the finer points of this betting system including Singer himself so who modeled it and how?