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InvestigationOpen accessIn the keywordsAn Investigation into Labouchère’s Betting System to Improve Odds of Favorable Outcomes to Generate a Positive Externality EmpiricallyJake Billings, Sebastian Del BarcoThe Labouchère gambling system is hypothesized to increase the probability of winning a predetermined arbitrary profit in a gambling system such as a coin flip or a roulette game in which both payouts and odds are 1:1. However, use of the system increases the downside monetary risk in the event of a streak of multiple losses. To begin, a player … …Journal of Mathematics and Statistics, Vol. 13, Issue 3 · 26 Aug 2017 · 7,838 accessesView PDF Cite

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