July 14, 2006 at 10:54 pm
#698692
Inactive
each toss is independent of the latter and if the coin had come up heads 9x in a row, the odds of it coming up the 10th time in a row are still 50/50.
if you flip a coin 100 times it might come up 75% heads and that’s not hugely unlikely. But if you flip it 1 million, or 1 billion times, the result will always be very close to 50%.
So basically odds dont matter – they are:
a). always 50/50
b). in order for you to make the odds you need to bet 1 million-1 billion times.
That’s why I say odds are nothing but useless numbers. Lot’s of bad things have been started with the words “Odds are…”