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Service Announcements (Altcoins)
Re: Just-Dice.com : Play or Invest : 1% House Edge : Banter++
by
Light
on
05/06/2014, 09:46:19 UTC
Quote from: dooglus on June 05, 2014, 09:29:24 AM
No, not really, and apparently I'm misremembering anyway.
I was told "The expected value for 28 or more losses is 410,427,273" without explanation. I've asked for the reasoning.
I believe what you're looking for is described in these two pages.
http://math.stackexchange.com/questions/383704/probability-of-streaks
http://www.askamathematician.com/2010/07/q-whats-the-chance-of-getting-a-run-of-k-successes-in-n-bernoulli-trials-why-use-approximations-when-the-exact-answer-is-known/
Not to be rude, but I'd say the maths is beyond the capabilities of most and as it is a recursive function it would need a computer for large values. Hope this was what you're after. Either way it's interesting reading.