Post
Topic
Board Gambling
Merits 15 from 8 users
Re: Proving that my gambling script works.
by
RGBKey
on 01/03/2018, 16:00:13 UTC
⭐ Merited by Luxo42 (4) ,NLNico (3) ,lite (2) ,DarkStar_ (2) ,suchmoon (1) ,nullius (1) ,o_e_l_e_o (1) ,ibminer (1)
If the script does not yield 20% ROI 18 times out of 20, I will admit that I "lied", and will leave the forum. I will also send a few bits to people who warned against me.
If the script yields 20% ROI 18 times out of 20 (or more)... well, then I guess my point has been proven.
18 times of 20 is 90%. ROI - 20%. Expected value is 1.08. There's a chance of 92.5% to reach so easy target without using any scripts. So, you would not prove anything.

At a 1% house edge, which both of these sites have, the simple chance of 20% return is 82.5%. The chance of alia getting 18, 19, or 20 of these 82.5% chances in a group of 20 is as follows:



(For those unfamiliar, this uses the Binomial Distribution to find the chance of k successes out of 20 trials. Here we are interested in k=18, k=19, and k=20 so we sum those results).

This comes out to 0.294233 (rounded to the 6th decimal place), or 29.4233%.

So basically, the chance of alia's script working (according to the known laws of probability) are around 29.4%.

I have my doubts about the legitimacy of this because screen recordings can be faked, livestreams could have been pre-recorded and such, but I won't get any more into that in this post.