Post
Topic
Board Gambling
Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
by
Betwrong
on 12/05/2021, 09:33:04 UTC
Can you please help me to fully understand your formula,

(1 - 0.52510)100 = 0.852 = 85.3%
The probability of losing a single bet with multiplier of 2 is 0.525.
The probability of losing 10 bets in a row is 0.52510.
The probability of not losing 10 bets in a row is 1 - 0.52510.
The probability of winning the bets 100 times without hitting 10 losses in a row is (1 - 0.52510)100

The formula for calculating probability of winning n times without losing m times in a row is:
Probability = (1 - Lm)n

Where, L is the probability of losing a single bet.  
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Thank you for providing and explaining these formulas! Of course we can use various online calculators to figure out those probabilities, but it's always nice to know how it really works. I mean, we can google it, of course, but rarely we can find such a simple explanation.

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I will post a breakdown here after.

Great, I always want to check these numbers though

I'm waiting for the breakdown as well. Seeing the table of probabilities is one thing, but seeing someone's real results after 1,000 WoF rolls is very interesting. Actually, I'd like to see such breakdowns posted by other people with 1,000+ rolls too, let alone official stats from the site, that would be fantastic.