Ninjastic
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Post
Topic
Board Gambling
Re: Gambler's fallacy, does it exist?
by
Minnlo
on 26/03/2015, 09:00:12 UTC
Quote from: GannickusX on March 26, 2015, 08:21:02 AM
Quote from: ShetKid on March 25, 2015, 04:59:37 PM
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.


Who is talking about 10 heads? I said 10.000 bets, 10 thousand in a row

The confusion is caused by your "10.000".
Part of the world is using a comma as thousand separator, and another part of the world is using a dot.
http://en.wikipedia.org/wiki/Decimal_mark#Examples_of_use