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Roulette Considers History?

Discussion in 'Roulette Forum' started by Sparky, Jun 21, 2015.

  1. Sparky

    Sparky Member Founding Member

    Joined:
    Jan 26, 2015
    Likes:
    12
    I got this off a math page. "Considers history"? Does that sound right? >>>

    Simply put, "chance" relates to the likelihood of a future event WITH NO HISTORY considered. "Odds", on the other hand, CONSIDERS HISTORY. "Chance" is expressed as a percentage translation of the ratio of a particular outcome versus all possible outcomes.


    "Odds" are expressed as a ratio WITHOUT a percentage translation. For example, if a (fair) coin is tossed 3 times and all three tosses land on heads, the PROBABILITY (odds) of the next toss coming up heads is only 1 of 16. The "CHANCE", on the other hand, never changes and is 50% on EVERY toss.

    ./index.php?topic=15677.0

    http://www.rouletteforum .cc/index.php?topic=15677.0
     
    Sparky, Jun 21, 2015
    #1
  2. mr j

    mr j Well-Known Member

    Joined:
    Jun 7, 2015
    Likes:
    1,812
    Occupation:
    self employed
    Location:
    Milwaukee, WIS
    Geez, mine again. If the Admin. is reading this, do we really need to have Sparky here?

    Ken
     
    mr j, Jun 21, 2015
    #2

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