R.I.P Credits

[SK8R43]

Re: R.I.P Credits

I'm assuming the gambling hall doesn't take into consideration previous bets. It's 50/50 every time you take/place a bet(?)
It's probably the reason why not everybody has a 50:50 win to loss ratio.

It most likely doesnt, BUT if you just go up one by one you will ALMOST always make credits rather than just skipping around randomly, which is really risky. There is however the chance of you losing all 12 in a row but its kinda low lol

[LongGone]

Re: R.I.P Credits

Actually, you will lose money, since FFR takes 5% of your win. For each 10k bet (for instance) you can expect to lose about 250 creds every time. Bet more and that number increases proportionally.

Oh forgot about that, thanks

In general yea its a losing game rofl. In the system as a whole you'd have a few statistical anomalies benefiting from the lucky win streaks, the rest will lose

Essentially, it's the same 50% chance, but due to probability, the likely hood of you losing consecutively is lowered each time you do lose.

More like, if it already happened, it will not affect your next result. If I already lost 3 times in a row, my next is still 50:50

However, if it hasn't happened, then yes looking at the potential consecutive bets you are gonna make the probability of losing 4 times in a row is about 6%

[SK8R43]

Re: R.I.P Credits

if there is 50% probability of winning, then doesn't matter. cuz each and every time you play you have the exact same odds of winning.

so what am i missing?

Think of it like this, when you flip a coin its 50/50 odds as well. If you flip it once and get heads, on your next flip you still have a 50/50 probability to get tails. Most likely youre not going to get either heads or tails 12 times in a row, therefore the probability of winning if you start at 10 and just work your way up one by one increases after each loss due to this factor. Its possible to lose all 12 in a row, but it wont happen alot.

[qqwref]

Re: R.I.P Credits

Think of it like this, when you flip a coin its 50/50 odds as well. But if you flip it once and get heads on your next flip you still have a 50/50 probability to get tails.

Fixed.

If it isn't clear: EVERY bet has a 50% chance of losing. It doesn't matter if you are on a winning streak of 10 bets or a losing streak of 11.

[Evnoir]

Re: R.I.P Credits

Fixed.

If it isn't clear: EVERY bet has a 50% chance of losing. It doesn't matter if you are on a winning streak of 10 bets or a losing streak of 11.

^ This. Otherwise you wouldn't have that many people with 10+ losing streaks.

[bballa48]

Re: R.I.P Credits

Currently on a 10 game win streak. Woot.

Despite knowing my probability of winning is still the same, I just KNOW I am losing the next.

[SK8R43]

Re: R.I.P Credits

lol whatever everyone makes mistakes :P Fixed it anyways -_- Thanks!