Post
Topic
Board Gambling
Re:
by
icopress
on 08/05/2021, 16:14:53 UTC
This is a super useful calculator for finding the odds of loss streaks. If you make 2000 bets, the chance of 10 losses in a row (with a 52.5% chance of losing) occurring at some point in your bets is 78%!
Quite informative, thanks! But you do not take into account that an ordinary person will not make 2000 bets in one session ... it seems to me that a reasonable number is within 400, (and as far as I understand on the site, there is no way to automate the process). I have run about 5 different simulations and I see a rather small probability of getting 10-13 losses in a row (if we take the real number of bets made in one session ... that is why I still think that there is some unknown factor that I did not take into account).