odds experiment

Originally Posted by NightGizmo

Read up on basic statistics (find a free online Stats 101 type class). Your tests are "independent events", but the more often you perform the test the more likely the average will be close to the expected value.

Odds of flipping a coin the same side 23 times in a row: 1 in 4,194,304
Odds of getting a yellow ball 2:1 favorite 17 times in a row: 1 in 985
Odds of getting a yellow ball 4:1 favorite 30 times in a row: 1 in 807

You might also want to quickly read this: Gambler's fallacy - Wikipedia, the free encyclopedia

You wouldn't believe how wrong you are. These are not odds you're quoting, these are probabilities. Tsk.

Originally Posted by OngBonga

You wouldn't believe how wrong you are. These are not odds you're quoting, these are probabilities. Tsk.

Odds | Define Odds at Dictionary.com

odds
--noun
1. the probability that something is so, will occur, or is more likely to occur than something else: The odds are that it will rain today.

Originally Posted by NightGizmo

Odds | Define Odds at Dictionary.com

odds
--noun
1. the probability that something is so, will occur, or is more likely to occur than something else: The odds are that it will rain today.

Odds are displayed differently though. If the probability of throwing a six is 1 in 6, the odds are 1:5