Post
Topic
Board Micro Earnings
Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live!
by
enricosilv4
on 23/10/2018, 13:22:29 UTC
14 losing streaks in a row... sometimes is hard not to believe in all those accusations =//

14 at 2.5x and you're surprised?Huh

Yeah.. I used a calculator that you sent some time ago and probability would be 0,1%...

The calculator I use is this one. http://completecurrencytrader.com/streak-probability-calculator.php

To get anything meaningful there is no point just looking at the probability of 14 out of 14 bets having a particular result as in reality nobody only ever makes 14 bets. You also need to consider the sample size, total number of bets, to find out how likely something is to occur. I usually look at 10,000 as the sample to give a reasonable comparison. In this case, the result is a 43.7% chance of hitting a 14 streak.


"in reality nobody only ever makes 14 bets" but you could, if you want to. I'm sorry, I don't want to make a fuss about it, but I can't help but wonder if those 14 losing streak wouldn't be 20, 30, 50 if I let it run... it sucks to be treated like a bot when you are not one...