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That game is almost exactly roulette, except in that case you control the amount of the bet (so you can choose to double it every time you lose), and you win on red or black rather than heads or tails. It's called the Martingale system.
The only limiting factor is that you probably don't have infinite money and doubling every bet leads to an exponentially increasing sum. It's also the reason the table has a betting limit.
Spontaneous nuclear decay is not affected by external factors: anything, including air pressure, temperature and the surround species of subatomic particles. Nuclear decay is not affected by any interaction with the surroundings. The nucleus simply decay whenever it likes to. At the time of half-life, there is 50% for the nucleus to go decayed; but there is always no predicting whether the nucleus will decay or not, no matter how ideal your measurement is.
Incorrect. Nuclear decay is affected by solar flares and the earth-sun distance.
http://science.slashdot.org/science/08/08/29/1227239.shtml
Logical fallacy alert. Ad hominem.
When physicists say that nuclear decay is dependent only on the element, that is a relative statement, meaning that nothing we can do can affect it in a way that we can measure. But it is certainly influenced by its environment, if only for the very basic nature of the universe that every atom is interconnected by a web of forces. It just so happens that all of the dominant forces are the ones in the nucleus, but it doesn't mean that the nucleus exists in an isolated vacuum separate from the rest of the universe.
Hey, hey, you know what?
You're all a bunch of NERDS.
True? I found the same article in a site called "answersingensis" as well. It is probably just another example bad science. This extraordinary short article, with less then 1000 words, is not backed up with scientific data and sound theory. You can even see there is some scientific mistakes or ambiguity within the article. The variation of nuclear decay is either falsified or in a very primitive stage of research.
You cannot just Google the web or randomly browse Wikipedia for back up information for your idea. There are a bunch of people fabricate false scientific evidence for the sake of religious and commercial reasons. Genuine articles can be identified from those scums by viewing the articles' depth in term of scientific knowledge, sufficiency of precise data and whether they are in line with the modern science theories. More importantly, on which site the article was posted is essential as well, like, whether it is posted on trustworthy site like the "Newscientist" or just a random physics blog.
If one takes every science scums as truth, he or she may take shit like cold fusion or intelligent design as truth as well.
Also, I didn't say that spontaneous nuclear decay being impervious to external factors is a inalterable fact. You can convince me if you quoted a peer-viewed article and a trustworthy science journal. But one can't convince anyone with website like "slashdot.org".
In the best of my mind I would say that both are possible - but very much unlikely.
Well I know the martingale system, but from what I read the way he described it is that it's the bank that is doubling up the money to be won, not the player doubling up the money paid to win to recoup his losses. So the player could bet 1 dollar each time and have the chance to win one dollar, two dollars, four dollars, eight dollars, sixteen dollars, etc etc while only betting 1 dollar each time.
I guess I'll have to reread what he posted.
People who follow the martingale though without huge bankrolls of tens of thousands of dollars will quickly find themselves raped.
However, since the payment rises to infinity, and the probability shrinks to infinity at the same rate, the math works out that the amount you should mathematically expect to win is infinite.