Re: I flipped 100 coins
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Okay I've got a math question I was thinking about recently but am not smart enough to figure out my self (plz don't make fun if it's really easy).
Let's say I play blackjack and I am 49% to win every hand. If I played blackjack every weekend for 2 hours for the rest of my life, what would my chances at being a winner at the end be (if you need the figures, which you probably don't, let's assume I average 50 hands per hour and play 4000 hours in my life)?
I guess the answer is 49% but that doesn't seem right.
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Think in terms of lossrate. Every hand you play has a certain expected value. The total EV of all these hands adds up to an enormous total lossrate, and on top of the total lossrate is a variance in the form of a standard deviation.
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