Opeth wrote:
For the Martingale strategy, you still have a chance of losing it all (I almost did). So make sure you have a fairly large cashpile able to take up to about.. 7 or 8 losses? I have hit 7-8 losses in a row though.
Yes, definitely.
Assuming equal chance of winning (you and your opponent have the same stats, same weps and strategies)
Chance of losing match 1: 1 in 2
2: 1 in 4
3: 1 in 8
etc.
7: 1 in 2^7 (1 in 128)
8: 1 in 2^8 (256)
However, you only need these later events to happen once, then you're cleaned (have run out of money), this is what wikipedia is saying when it says you will lose in the long run. Make sure you have enough money to lose this many times, and also enough to start again after you have lost this many times.
Also, you should only accepts rules for challenges you know you have a chance of winning. There's no point going into a dual you think you may lose, as this takes you 1 loss closer to being cleaned.