Monotonous betting strategies in warped casinos
Suppose that the outcomes of a roulette table are not entirely random, in the sense that there exists a successful betting strategy. Is there a successful `separable' strategy, in the sense that it does not use the winnings from betting on red in order to bet on black, and vice-versa? We study this question from an algorithmic point of view and observe that every strategy M can be replaced by a separable strategy which is computable from M and successful on any outcome-sequence where M is successful. We then consider the case of mixtures and show: (a) there exists an effective mixture of separable strategies which succeeds on every casino sequence with effective Hausdorff dimension less than 1/2; (b) there exists a casino sequence of effective Hausdorff dimension 1/2 on which no effective mixture of separable strategies succeeds. Finally we extend (b) to a more general class of strategies.
| Item Type | Article |
|---|---|
| Keywords | betting strategies, algorithm, outcome sequence, Hausdorff dimension |
| Departments | Mathematics |
| DOI | 10.1016/j.ic.2019.104480 |
| Date Deposited | 14 Oct 2019 09:54 |
| Acceptance Date | 2019-10-13 |
| URI | https://researchonline.lse.ac.uk/id/eprint/102082 |
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