Quote (ufGlenn @ Jan 14 2019 12:30am)
Alright ill post it here then. When i lost 4 stakes in a row i complained about being unlucky. For some reason single digit iqs like chris decided that with me saying that i meant that i had more than 50% chance to win the next stake. Which i dont think and have never thought. For reference, the odds of losing 4 stakes in a row are 0,5x0,5x0,5x0,5 so about 6.25% chance. In my opinion that low of a percentage makes it an unlucky event. If i were to win 4 stakes in a row i would class it as luck..
this is very true
what is this fight about exactly
Quote (ufGlenn @ Jan 14 2019 12:46am)
If i flip a coin four times now theres two things you can do afterwards. you look at the results factually or you calculate what the odds are of a certain result statistically. It doesnt matter what the actual results were in deciding what the odds are of a certain result. If you flip 10 coins its not very likely that it will be 50/50. Regardless of the results in the first 10 it is more likely that it will be around 50/50 when you flip 100000 coins. Thats the way i see it anyway.
this is not just how you see it, this is actually how statistics work
This post was edited by redbarred on Jan 13 2019 05:57pm