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Old 11-17-2007, 10:34 AM
citanul citanul is offline
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Join Date: Jul 2003
Location: taking your lunch money
Posts: 11,179
Default Re: unreal degen gambling at stars 25/50 NL

When playing a real life game, you have to take in to account both effects:

1) "i believe that flipping this coin has 50/50 odds of each outcome so the next outcome should be 50/50, regardless of previous information"

2) "i have seen the outcomes be not 50/50, and should consider that perhaps my beliefs about probabilities of outcomes were incorrect."
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