Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live!
you also need to know how many bets (sample size).
If someone placed 10,000 bets at a loss probability of 36.67% then the chance of hitting an 8 losing streak is 86.4%
It would be far more remarkable if it didn't happen.
If someone placed 10,000 bets at a loss probability of 36.67% then the chance of hitting an 8 losing streak is 86.4%
It would be far more remarkable if it didn't happen.
How do you get to those figures? I mean, what have you done to say that? It's a question, it does not go with irony or anything ... xD
There are online calculators you can use. It's easier than explaining the maths.
http://completecurrencytrader.com/streak-probability-calculator.php#book_wrap
