FFR Events in the Gambling Hall

[FFR Events]

Re: FFR Events in the Gambling Hall

Hey there FF_Rules, if you're sticking around for a bit to take my bets, I'll be a lot more attentive for a bit.

Things seem to be moving fast, i'll try to keep up!

[FF_rules]

Re: FFR Events in the Gambling Hall

probably; I'll be back after I grab a bite to eat. You should take the rest of my 25k's while you're at it though =p

25,000 9 minutes ago
25,000 8 minutes ago
25,000 8 minutes ago
10,000 4 minutes ago
10,000 20 seconds ago

I mean; if I can't cure the gambling addiction by losing I might as well win so much I feel no need to gamble anymore right?

[kmay]

Re: FFR Events in the Gambling Hall

500k just sitting there

[FF_rules]

Re: FFR Events in the Gambling Hall

500k just sitting there

Hold on; lemme win a 250k first so I can afford a 500k.

Kmay take my bets
25,000 13 minutes ago
25,000 13 minutes ago
25,000 13 minutes ago
10,000 9 minutes ago
10,000 4 minutes ago
10,000 6 seconds ago

[kmay]

Re: FFR Events in the Gambling Hall

but my streak lolol

[FF_rules]

Re: FFR Events in the Gambling Hall

but my streak lolol

if you lose them all put a 250k up and I'll take it lol.

[SK8R43]

Re: FFR Events in the Gambling Hall

but my streak lolol

the streak literally means nothing. you have a 50% chance no matter how many times you win or lose lmao

[kmay]

Re: FFR Events in the Gambling Hall

lost all three 25ks so there ya go lolol

[FF_rules]

Re: FFR Events in the Gambling Hall

lost all three 25ks so there ya go lolol

25,000 19 minutes ago Won
25,000 19 minutes ago Won
25,000 20 minutes ago Won
25,000 20 minutes ago Won
25,000 20 minutes ago Won
25,000 20 minutes ago Won

wow lol. 192k so far. 58k more before I double or nothing and reach that 500k lol. Maybe I should feel content and buy all purchased songs and still have 150k for secrets lol.

the streak literally means nothing. you have a 50% chance no matter how many times you win or lose lmao

The streak means EVERYTHING

--Edit:
Credits Won: 11383403
Credits Lost: 11377040
YES! I'm finally out of the negative again lol.

[SK8R43]

Re: FFR Events in the Gambling Hall

I hope you're joking :P

[FFR Events]

Re: FFR Events in the Gambling Hall

the streak literally means nothing. you have a 50% chance no matter how many times you win or lose lmao

It's expected gains, but you're right that it technically isn't some sort of real force actively altering the result of any given bet. I don't think anyone believes that it is though, so I'm not sure what you're point is. It's all just probability, and in the case of expected gains, probability of sets as opposed to single bets.

[FF_rules]

Re: FFR Events in the Gambling Hall

It's expected gains, but you're right that it technically isn't some sort of real force actively altering the result of any given bet. I don't think anyone believes that it is though, so I'm not sure what you're point is. It's all just probability, and in the case of expected gains, probability of sets as opposed to single bets.

Probability of losing a 9 set amirite.

Total of 5 10k's on table.

[SK8R43]

Re: FFR Events in the Gambling Hall

I know how the strategy works, and that you can literally get as many credits as you want from it. But losing 5 times in a row doesnt mean youre going to win your next bet, its still 50/50.
You can still lose 5 times, place a 500k, take some bets and still win the 500k. :P
I just think its silly for people to believe that having a streak increases your chances, because it doesnt. as mentioned

[FFR Events]

Re: FFR Events in the Gambling Hall

I know how the strategy works, and that you can literally get as many credits as you want from it. But losing 5 times in a row doesnt mean youre going to win your next bet, its still 50/50.
You can still lose 5 times, place a 500k, take some bets and still win the 500k. :P
I just think its silly for people to believe that having a streak increases your chances, because it doesnt. as mentioned

The whole point of expected gains is that you are playing the probability of the set, not the probability of a single bet. It is absolutely true that the probability of the bet you place or take will always be 50/50, but it's the set (1/2*n) we are staking our credits on. Not taking bets after a certain point due to your loss streak is an extension of this, because if you win during that time, the set is over.

I'm basically putting my money on a coin flip resulting in heads at least once in a set of 10, as opposed to putting that money on it for a single flip. It doesn't have to happen, but it's unlikely that it won't.

[FF_rules]

Re: FFR Events in the Gambling Hall

I'm basically putting my money on a coin flip resulting in heads at least once in a set of 10, as opposed to putting that money on it for a single flip. It doesn't have to happen, but it's unlikely that it won't.

To continue; the amount you win from a 1/10 flip is many times less than a straight up double or nothing. Honestly it's a low risk low reward style that requires large funds to get anywhere lol.

Even if you ride the gauntlet and finally win after losing everything prior to 500k, because you staked for the set you only win about as much as a double or nothing on the 50k. That said; losing that 500k too means you basically just tanked 900k.

I agree that riding the gauntlet is a false positive so long as you understand that 50/50 means it's entirely possible to lose 10 in a row. But you have to realize 50/50 is still a fair probability to stake the other 9 being at least one heads.