Ninjastic
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Post
Topic
Board Gambling
Re: Gambler's fallacy, does it exist?
by
ShetKid
on 25/03/2015, 16:59:37 UTC
Quote from: GannickusX on March 25, 2015, 11:19:10 AM
Quote from: Ingatqhvq on March 25, 2015, 10:27:13 AM
Well Gambler's Fallacy is derived from the law of large numbers. Of course if you flip a coin 10,000 times with all heads, the next flip is still a 50/50 but the odds of that happening are really low.

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That would be the chances of getting 10.000 heads in a row if im not mistaken

That is definitely not right. The odds of getting 10 heads in a row is 0.09% . And not the figure you have posted.