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Russian Roulette chances!?
Just lost 4 Russian Roulettes in a row thank you very much Sky Poker! NOT HAPPY AT ALL!!
I seriously do not think your automated dealing systems are genuinely FAIR!!!!!
Does anyone else think so too?
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Comments
the chances of four (wins or losses) in a row occurring is only 1 in 8
On a long enough time line, the number of Russian Roulettes you will win is exactly 50% (it's a coin flip).
As shown in the video I linked to earlier, on a short time line, anything is possible, is it possible to flip a coin and it land on heads 10 times in a row? Yes it is...... therefore is it possible to lose 10 Russian Roulettes in a row, yes of course it is!
The issue with Russian Roulettes that you need to factor in is the rake element of your bet. 10% of the entry fee is taken as rake so going back to our earlier long time line where we know as a FACT we will win exactly 50% of the time........ It is impossible to be profitable playing Russian Roulettes as you will ALWAYS lose 10% of your buyin.
Or in short, if you are playing Russian Roulettes and expecting to make money, you are being a MUG.
If you wanna know how to beat RR's I have a sound strategy that I am only willing to share to a selected few.
thanks splashies, but...
no, 1 in 8
four in a row of either winning or losing is 1 in 8.
half chance that this game is the same as before, times three = four in a row
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Chance of losing 2 in a row is 1 in 2 of 1 in 2 = 1 in 4
Chance of losing 3 in a row is 1 in 2 of 1 in 4 = 1 in 8
Chance of losing 4 in a row is 1 in 2 of 1 in 8 = 1 in 16.
1 in 16 is correct if you set out to either (a) win four in a row or (b) lose four in a row
1 in 8 is correct if you want to see four in a row
(as the first event is superfluous.)
simplify things to illustrate this...
what are the chances that you will see two in a row?
whatever the first event is, the chances of it repeating is a coin flip, i.e. 1 in 2
All the best
Rainman397