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Help needed for Math IA


crownsmiley75

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Hi Guys! 

 

So for my Math IA, I've chosen the topic of the Martingale Betting System; I find it extremely interesting, but am encountering some problems. 

 

Firstly, I'm not quite sure how to relate it to the SL Math Syllabus; obviously I am focusing on probability and statistics, but what specific topics? For instance, it has been suggested that I try to develop a probability tree diagram: how would I go on to do that?

 

I have modelled the series and made a google spreadsheet, showing the effects of this betting system in the long run vs the short run.

 

The function is also exponential; perhaps I could expand there?

 

Thanks a lot, I'm just looking for some ideas and a way to get started. Right now I am confused by the wide variety of possibilities available on the internet! 

 

 

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