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Bill_Murray_Fan_7383 Posted:
Every time you lose, your chances of winning are still exactly the same. Say there is a 60% chance of you losing; as you play more and more games, you can look at you overall win/loss record and see that you are going to have lost about 60% of the time, giving you a negative net. Especially as you approach infinity the actual odds become closer to the expected odds of winning.
Therefore, you would have to know, how often it is that you win at gambling, which is another statistic entirely. |
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Posted On: 01/22/2009 11:42PM | View Adapt's Profile | # |