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#11
11-17-2007, 08:31 AM
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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
11-17-2007, 09:15 AM
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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
11-17-2007, 09:40 AM
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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
11-17-2007, 09:50 AM
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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
11-17-2007, 09:59 AM
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Re: unreal degen gambling at stars 25/50 NL
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#16
11-17-2007, 10:29 AM
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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
11-17-2007, 10:34 AM
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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
11-17-2007, 10:35 AM
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Re: unreal degen gambling at stars 25/50 NL
no, im not
that bitch is an imposter.
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#19
11-17-2007, 11:06 AM
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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
11-17-2007, 11:14 AM
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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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