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Originally Posted by prus
Well, for sure this is basic math... the odds are always the same, BUT people here talk about statistics.... and it is statistically unsual that you will get a result with let's say 20 times red... it can for sure happen.. but it is statistically unlikely!  |
No, it isn't statistically unusually. A sampling of 20 with 50/50 odds is called "statistically irrelevant." The sample size is simply not large enough. You can have widely varying results within a sample that small.
Extrapolate it to 1,000,000 spins of the wheel, and now you're talking statistically unlikely that you will get a large variance.
However, do you want to double your bet 1,000,000 times? I don't.
It wouldn't be unlikely, or even UNUSUAL, to get a run of 50 "bad" flips of a coin (one way or another), from a statistical perspective.
It *can* happen, and it *does* happen all the time in casinos. This is what streaks ARE.
You WILL lose with this method. It may work a few times, or it may put you into bankruptcy the VERY FIRST TIME you use it.
