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Gambler's ruin is a concept from probability theory and statistics that models a gambling scenario where a gambler continues to gamble until either they lose all their money or reach a predetermined target amount. It is often used to illustrate the principles of random walks and the behavior of stochastic processes. In a typical setup, a gambler starts with a certain amount of capital and bets on a game with a fixed probability of winning or losing.

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  1. Probability problems
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