Franz followed him blindly across to the café opposite. The Seer ordered
two cognacs and a syphon of soda-water. “Now, tell me how you do it,” he
said, in a very grave voice. And, with some little reluctance, looking
down at the table, Franz proceeded to disclose to his attentive listener
the main points of his System.
It was a transparent fallacy, of course. Such systems always are; and
the Seer, who was no fool at the doctrine of chances, saw through it at
a glance. His lip curled lightly. “You’re a good mathematician?” he
asked, with a well-suppressed sneer.
And Franz was obliged perforce to admit, in this critical moment, that
he had got no further in that abstruse science than the first four rules
of arithmetic.
The Seer assumed his kindliest and most didactic manner. “Now, you look
here, Herr von Forstemann,” he said, leaning over towards his new friend
confidentially; “you’ve allowed yourself to be duped; you’ve been
grossly imposed upon. I can show you in a minute your System’s all bosh.
The bank stands always its regular chance to win, no matter what you do,
and it dodges you exactly where you think you’ve dodged it.”
He took out a pencil and paper, and began with great show of care and
patience to make the fallacy as clear as day to his unwilling pupil.
Franz leant over him and looked. Step by step the clever American
unravelled before his eyes all the tangled mass of false assumptions and
baseless conclusions Franz called his System. Poor Franz stood aghast;
the demolition was patent, irresistible, crushing. Joaquin Holmes was in
his element; he was a specialist on games of chance; he demonstrated
with loving care that in this case, as in all others, the bank had
exactly thirty-seven chances for itself, against thirty-six for the
players. Franz saw it with his own eyes: sorely against his will he was
forced to see it. He couldn’t gainsay it: it was clear as mud; he could
only murmur in a feebly illogical way, “But my friend made twenty
thousand pounds in these rooms right off with it.”
The Seer was remorseless. “Accident!” he answered, calmly, with a bland
wave of the hand. “Pure luck! Coincidence! And if it happened once, by a
mere fluke, to pull itself off so well, all the less reason to believe
such a wonderful sequence of happy shots would ever manage to repeat
itself. The bank stands always its fixed chance to win in a certain
proportion; by good fortune you may circumvent it, by calculation,
never!”
Public-domain text, read in full here on John Shaqi.
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