fak the maths and everything you see or heard of ...
it is simple , when you gamble with a lowest house edge even with 0 house edge :
you aim to double -- your chances are less than 50% .
you aim to quad -- your chances are less than 25%
and so on.
no need 1 million threads to discuss/analyse this
of course we got sigs to farm or whatever
happy Easter to Orthodox Christians and all
The odds of even a fair coin toss (50/50 chance) are far more complicated than just using the power function to predict the odds of rolling above or below the 50% line.
There's a number of theories out there on how to predict the actual odds of a given streak occurring within a series of coin-tosses.
But it isn't as simple as 50/50, then 25%, then 12.5, and so on.
This strategy is basically Paroli (google him you can read all about him); his betting methods were designed for Roulette. Betting strictly on red or black.... but did not include adding to your ante on loss.
So the OP took his strategy and built in a semi-limited Martingale on the losing rolls. As insurance- because looking at the chart posted, which seems correct, it would seem that provided you had the bankroll (which wouldnt be hard using this strategy to create a safe bankroll).... to play, and where you are strictly limited to your.... what he calls "basebet" per roll.... provided you keep playing and finally hit your 3 roll win (which isnt that hard).
So it's Paroli with a partial Martingale insurance back end which makes sure you don't blow you bank. Id think you can play for a long while without huge swings. Maybe---- get lucky: Which would be to go into a losing streak 5, or 6 or 7 or even higher then immediately a 3 streak win (that would be a great win).
It's interesting. Certainly safer than Martingale.