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
Showing posts with label odds. Show all posts
Showing posts with label odds. Show all posts
Friday, January 16, 2015
Monday, January 31, 2011
Mathematics: Increments in Series and Derivative Calculations
increments in series and derivative calculations:
ratios, fractional odds and probabilities
4:3 and 5:4
57% and 56%
57:43 and 56:44
7:4 and 9:5
64% and 64%
64:36 and 64:36
around the middle of the decimal series 0,1,2,3,4,5,6,7,8,9 and its derivative series and fractional odds and probabilities, commonly used in gaming and associated betting, something in the pattern of numbers is significant in various series and derivative calculations. when used in predictive mathematical models and algorithms, it reduces unnecessary calculation in the best instances.
although the difference between 57% and 56% is tiny, the difference between 57% and 64%, for example, is significant. in the case of:
3:2
60%
60:40
5:3
63%
63:37
the difference between 60% and 63% is tiny.
numerical algorithms are patterns of numbers that can benefit mathematical models, used in programming and other applied sciences.
CLEARCHARGE
ratios, fractional odds and probabilities
4:3 and 5:4
57% and 56%
57:43 and 56:44
7:4 and 9:5
64% and 64%
64:36 and 64:36
around the middle of the decimal series 0,1,2,3,4,5,6,7,8,9 and its derivative series and fractional odds and probabilities, commonly used in gaming and associated betting, something in the pattern of numbers is significant in various series and derivative calculations. when used in predictive mathematical models and algorithms, it reduces unnecessary calculation in the best instances.
although the difference between 57% and 56% is tiny, the difference between 57% and 64%, for example, is significant. in the case of:
3:2
60%
60:40
5:3
63%
63:37
the difference between 60% and 63% is tiny.
numerical algorithms are patterns of numbers that can benefit mathematical models, used in programming and other applied sciences.
CLEARCHARGE
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