Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting sy… - Richard Arnold Epstein

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Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting system.

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About Richard Arnold Epstein

Richard Arnold Epstein (born 5 March 1927), also known under the pseudonym E. P. Stein, is a notable American game theorist.

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Because the fluctuations in the composition of the deck as it is dependent over successive (and dependent) trials, it is intuitively apparent that altering decisions or the magnitude of the wager or both in accordance with the fluctuations should prove advantageous to the player.

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