streaks happen winning and losing streaks explained
winning and losing streaks are a familiar aspect of gambling. but they are often misunderstood. ,[url=http://christianlouboutinn-france.webnode.fr]louboutin pas cher[/url]streaks can lead gamblers astray. i sometimes wonder how much money has been lost because a player does not understand streaks.
for example,[url=http://www.abercrombieandfitch2012.biz/]abercrombie and fitch[/url], players who feel they are on a winning streak may bet accordingly. they believe that since they are on a winning streak, it will continue. so they bet as if they must keep on winning.
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you may already understand the problem with this approach. consider a simple coin toss. if i throw a coin five times and it comes up heads each time,[url=http://www.ralphlaurenfr.biz/]?Ralph Lauren[/url], is the coin suddenly overdue for tails? am i on a "heads winning streak" which i can expect to continue? of course the answer to both questions is no.
each toss of the coin is independent. no matter how many times the coin comes up heads,[url=http://www.cheapguccisale.org]cheap gucci sale[/url], the probability of heads on the next toss remains 1/2. the coin does not in any sense remember how many times it has come up a particular way.
so why do streaks occur? is there any pattern to streaks? if there is,[url=http://www.ralphlaurenchemises.com/]ralph lauren[/url],[url=http://www.eatfunteam.url.tw/etf/forum.php?mod=viewthread&tid=13176]how to apply for arts film making school[/url], can we take advantage of this pattern?
as you will see, streaks are not really mysterious. in fact, we can actually predict their existence using simple mathematics.
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