Great name, isn't it!

He quotes from "Probability and Measure" (second edition) by Patrick Billingsley who does the maths and concludes on pg.95 of said edition, "Thus no betting system can convert a subfair game into a profitable enterprise."

Let me quote that again:

"No betting system can convert a subfair game into a profitable enterprise."

The adage "Take no man's word for it!" is a good one but this isn't a case of some man's word, its a case of the laws of mathematics.

Hermes