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  #11  
Old 11-17-2007, 08:31 AM
Keepitsimple Keepitsimple is offline
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Default Re: unreal degen gambling at stars 25/50 NL

[ QUOTE ]
60 flips is pretty neutral EV discounting rake i think
and the variance is way less than doing 1 or 2 flips.

but ya, thtas pretty degen. 1 flip is degen imo, 60 is sick degen.

[/ QUOTE ]
I hope you realise that there is no correlation from previous tosses. What averages out is profit/# tosses. Not the net win/loss.
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  #12  
Old 11-17-2007, 09:15 AM
KamiKatze KamiKatze is offline
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Default Re: unreal degen gambling at stars 25/50 NL

Let's say you flip a coin two times. Both times the outcome is "A". Now, if you flip the coin again the chance of outcome "B", is much higher, around 66%.

This is true, i asked Jennifer Tilly and she confirmed.
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  #13  
Old 11-17-2007, 09:40 AM
RoundTower RoundTower is offline
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Default Re: unreal degen gambling at stars 25/50 NL

[ QUOTE ]

and the variance is way more than doing 1 or 2 flips.


[/ QUOTE ]
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  #14  
Old 11-17-2007, 09:50 AM
Rushmore Rushmore is offline
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Default Re: unreal degen gambling at stars 25/50 NL

[ QUOTE ]
60 flips is pretty neutral EV discounting rake i think
and the variance is way less than doing 1 or 2 flips.


[/ QUOTE ]

Winner: Most Incredibly Baffling Post of the Day.
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  #15  
Old 11-17-2007, 09:59 AM
Abbaddabba Abbaddabba is offline
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Default Re: unreal degen gambling at stars 25/50 NL


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  #16  
Old 11-17-2007, 10:29 AM
DanielDayLewis DanielDayLewis is offline
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Default Re: unreal degen gambling at stars 25/50 NL

Abbaddabba,

Are you ababababba on party? If so I hate playing against you.
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  #17  
Old 11-17-2007, 10:34 AM
citanul citanul is offline
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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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  #18  
Old 11-17-2007, 10:35 AM
Abbaddabba Abbaddabba is offline
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Default Re: unreal degen gambling at stars 25/50 NL

no, im not
that bitch is an imposter.
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  #19  
Old 11-17-2007, 11:06 AM
evil_ronnie evil_ronnie is offline
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Default Re: unreal degen gambling at stars 25/50 NL

[ QUOTE ]
Let's say you flip a coin two times. Both times the outcome is "A". Now, if you flip the coin again the chance of outcome "B", is much higher, around 66%.

This is true, i asked Jennifer Tilly and she confirmed.

[/ QUOTE ]

You are joking right? It doesn't matter what the previous outcomes are, each time you flip a coin the chance of outcome "A" or "B" is 50/50 EVERY time.
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  #20  
Old 11-17-2007, 11:14 AM
Borys313 Borys313 is offline
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Join Date: May 2007
Posts: 287
Default Re: unreal degen gambling at stars 25/50 NL

[ QUOTE ]
[ QUOTE ]
60 flips is pretty neutral EV discounting rake i think
and the variance is way less than doing 1 or 2 flips.

but ya, thtas pretty degen. 1 flip is degen imo, 60 is sick degen.

[/ QUOTE ]
I hope you realise that there is no correlation from previous tosses. What averages out is profit/# tosses. Not the net win/loss.

[/ QUOTE ]

The standard deviation is 8 times bigger with 60 flips, and your are more then likely to be +- 5units.
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