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Interpretation of casino online no download Probabilities & Application in Real Situations
The situation remains to be better if one is prepared, for events, which are expected to take place instead of worrying about unexpected events, whose occurrence is already very rare.
- To look at a situation "One has experienced losing run of10 bets." Does it look normal?
One can make the use of mathematics in the above case to find out with the help of Excel sheet. Having opened an Excel sheet in one of the cell type following formula:
=ROUND(LN(Sample)/-LN((1-probability)),0)
Where sample represents total bet numbers for examination and probability represents %probability (the bets which shall be losing). Just consider that the bets number placed is 100 with 2.00 odd. As determined by the formula, theoretically the probability shall be at (0.50) 50% the final result of the calculation shall be seven representing casino online no download maximum number of wining or loss bets, it shall remain 7 till the betting is continued.
This number goes on increasing correspondingly i.e. with 1000 bets the calculation suggests losing runs shall be 10.
- In case losing run stands at 5, which is quite ahead from previous 7. Any guess, what does it suggests?
Winning Certainly
The meaning can be that submission of bets does not equaling to 50% probability for winning certainly it was less. This can mean there has been a mistake in the calculating theoretical probability.
At the same time, if it was winning run, in that case real probability shall be much higher than 50%.
Considering the example of run having 5 loss bets, followed by winning bet, thereafter runs of 6 more losing bets. Does it need to consider it to be runs representing 11 of loss bets?
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No, because the equation cited above does the calculation in respect of only maximum run pertaining to individually winning/losing bet numbers. By just one solitary different outcome becomes enough for ending casino online no download the specific runs criteria.
Some time later one can find discussion on maximum expected effect on drawdown of bankroll having dependence on the betting system, besides related information on money casino online no download managing/staking plan application to one's betting.
