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Misc Coin Flip Theory?

Discussion in 'Miscellaneous Gambling Forum' started by nihilist, Aug 6, 2022.

  1. nihilist

    nihilist New Member

    Joined:
    Aug 6, 2022
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    Location:
    United States
    Hi to all, I have a question that is around my head in the last weeks. Imagine that you have (a very strange) challenge with a friend of yours. The challenge is to flip the coin 1.000 times. If the coin is head you win 10 dollars and if the coin is tail your friend win 10 dollars. After 800 flips there were 500 heads and 300 tails, you are 2.000 dollars up. Your friend say to you "dude, I have very bad luck, do you want to switch the selection in this last 200 flips?"

    If you change, when the coin is head your friend is going to win 10 dollars and if is tail you are going to win 10 dollars.

    What would you do? Stay in head or switch to tail? Should I test this out on a coin flip place like hedon,io?

    Thanks.
     
  2. Rond1nell1

    Rond1nell1 Active Member

    Joined:
    Nov 17, 2021
    Likes:
    55
    Occupation:
    Croupier
    Location:
    Brazil
  3. Rond1nell1

    Rond1nell1 Active Member

    Joined:
    Nov 17, 2021
    Likes:
    55
    Occupation:
    Croupier
    Location:
    Brazil
  4. Rond1nell1

    Rond1nell1 Active Member

    Joined:
    Nov 17, 2021
    Likes:
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    Occupation:
    Croupier
    Location:
    Brazil
    These 2 videos are interesting. In your case, I would definitely trade, first because it's almost impossible for me to lose 200 straights, and even if I did, I would only draw. Second, by the law of large numbers the tendency is to get close to 50/50 at some point, we have no guarantee when this return will start, but it was one more reason for me to switch.
    I'm not a math expert. LOL
    Just opinion!

    Cheers!
     
  5. Gullywin

    Gullywin Member

    Joined:
    Feb 25, 2023
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    9
    Location:
    India
    These two videos caught my attention, and I find them intriguing. Personally, I'm inclined to start trading because I believe it's highly unlikely for me to encounter 200 consecutive losses. Even if I were to face such a situation, the outcome would simply be a draw. Additionally, considering the law of large numbers, over time, the results tend to approach a more balanced 50/50 ratio. While there's no certainty about when this balance will be achieved, this observation further reinforces my decision to switch to trading.
     
    Rond1nell1 likes this.

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