The Odds on That

the odds on that:

correctly flipping and predicting coin throw at rest is very difficult. the odds are against but it happens. what does that mean? psychic for a few seconds?

first throw predicted correct is easy but to 10 throws? that's hard. but has happened with me several times. the odds are like a thousand against.

the odds of predicting 2 throws is like 1 out of four. not bad, but probably not good enough for realizing what the immediate future will be.

let's think about odds in theory. 1:3 what does that mean? 1 right versus 3 wrong? or 1 out of three? in gambling terms 1/3 that's a payout of one third of the bet or stake. like a payout of 3/1 pays three times your stake but a winning bet also returns your original bet size. so five pounds on a horse or dog payout would be a win of 15 pounds plus five the original. three pounds at 1/3 is a win of a quid. not too bad really, but that's like backing a favourite. it doesn't impress anybody, a shame really!

what are the odds on that? that it will succeed? betting, yes please!? the surprising thing about gambling given that you could win, is that the sequence of a winning streak actually is calm throughout.

but what is the point of gambling? is it to prove that you are psychic or to win a huge sum you could spend? i think originally it was to gain knowledge of all things mathematical and to be able to predict!

of course, spending a win always feels good!

CLEARCHARGE