Calculating the Odds : Gambling and Betting to Win

How To Calculate the Odds

$50 free bet & ZERO fees for 1-month on all Sports Betting 

ossing of 'tail' four times running had not diminished the tendency towards 'tail' being tossed. Among the 68 cases which had thus given 'tail' five times running, 29 failed to give another 'tail,' while the remaining 39 gave another, that is, a sixth 'tail.' Of these 39, 25 failed to give another ' tail,' while 14 gave a seventh ' tail '; and here it might seem we have evidence of the effect of preceding tosses. The disproportion is considerable, and even to the mathematician the case is certainly curious; but in so many trials such curiosities may always be noticed. That it will not bear the interpretation put upon it is shown by the next steps. Of the 14 cases, 8 failed to give another 'tail,' while the remaining six gave another, that is, an eighth 'tail'; and these


numbers eight and six are more nearly equal than the preceding numbers 25 and 14; so that the tendency to change had certainly not increased at this step. However, the numbers are too small in this part of the experiment to give results which can be relied upon. The cases in which the numbers were large prove unmistakably, what reason ought to have made self-evident, that past events of pure chance cannot in the slightest degree affect the result of sequence trials.

To suppose otherwise is, indeed, utterly to ignore the relation between cause and effect. When anyone asserts that because such and such things have happened, therefore such and such other events will happen, he ought at least to be able to show that the past events have some direct influence on those which are thus said to be affected by them. But if I am going to toss a coin perfectly at random, in what possible way can the result of the experiment be affected by the circumstance that during ten or twelve minutes before, X tossed ' head' only or ' tail' only?
The system of which I now propose to speak is more plausible, less readily put to the full test, and consequently far more dangerous than the one just described. In it, as in the other, reliance is placed on a ' change' after a ' run' of any kind, but not in the same way.
Everyone is familiar with the method of renewing wagers on the terms ' double' or 'quits.' It is a very convenient way of getting rid of money which has been won on a wager by one who does not care for wagering, and, not being to the manner born, does not feel com-


 

 

Previous Page

Next Page

Chance and Luck Home Page

Page Index

The information on this site is strictly for entertainment or educational purposes.  No risk, liability, or responsibility is assumed or implied by us. There is no substitute for doing your own research and getting qualified professional advice.  All trademarks are the property of their respective holders. Any link to another web site or resource should not be considered an endorsement; use at your own risk.  Any links from this site may not have been evaluated and absolutely do not constitute an endorsement by us.

(c) 2004, Chance-And-Luck.com