Post
Topic
Board Gambling
Re: Primedice | Most Popular Bitcoin Game | 0.91% Edge | PVP | Jackpot | Faucet
by
tspacepilot
on 16/09/2014, 23:19:24 UTC
primedice if fair but sometimes i lose 50% chance bets 10 times in a row

This is very usual after a certain amount of bets.

I have already seen several losing streaks which were much longer than 20 in a row.

That is like flipping a coin.   If you flipped it thousands of times, there is a good chance that you will see heads or tails come up 10 times in a row.

The exact probability of that happening can be found on google.   I don't know the exact equation...

Each flip is independent, 0.5 chance of a partcular outcome.   So, your chance of 10 heads (out of 10 exactly flips) = 0.5^10 =approx 0.000976

So, if you flip 1000 times, you have a 90% chance that there's a run of 10 heads in there somewhere.  Isn't that corect?