You're actually right to see the difficulty in calculating daily loss probabilities however it's kinda like a moving target when you don't even know how many bets you'll place. Actually your math on the 5 loss streak (62 bets for 2.00 odds 45 for 1.90) makes sense as a theoretical average for those chains to actually pop up.

But, and this is the big 'but' horse racing doesn't really play like a coin toss. The idea of no chain if there aren't enough bets left in a day or how one stable's results influence subsequent odds kinda proves that actual betting is far more dynamic than simple statistics.

This is because you're actually not just flipping a coin but you're playing a game where the odds and probabilities are constantly shifting based on actual events which is why those losing chains don't just appear on calculation. luck can't really be predicted.

You're actually right to see the difficulty in calculating daily loss probabilities however it's kinda like a moving target when you don't even know how many bets you'll place. Actually your math on the 5 loss streak (62 bets for 2.00 odds 45 for 1.90) makes sense as a theoretical average for those chains to actually pop up.

But, and this is the big 'but' horse racing doesn't really play like a coin toss. The idea of no chain if there aren't enough bets left in a day or how one stable's results influence subsequent odds kinda proves that actual betting is far more dynamic than simple statistics.

This is because you're actually not just flipping a coin but you're playing a game where the odds and probabilities are constantly shifting based on actual events which is why those losing chains don't just appear on calculation. luck can't really be predicted.