football online betting

This question already has answers here: Why did my friend lose all his money? (4 answers) Closed 8 years ago . His idea is that basically you keep doubling your bet until you win and then start over again. The reasoning here being that it is highly unlikely for you to lose a 50/50 toss x number of times in a row. My counter-argument here is that basically if you go in with 50 dollars with the aim of doubling up to 100 dollars, you have the same odds of winning if you do one bet of 50 dollars or the technique outlined above. Oh and I've pointed out that he uses gamblers fallacy in very obscure way, as he insists you need to go back to betting 1 dollar once you've won. This appears to be an obscure case of gamblers fallacy to me as it implies there is some hidden force which are changing the odds on each individual coin toss.

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