Gambling. What Is The Formula For Calculating Accumulative Odds?
Gambling. For Example: If My Chances Of Winning Are 33%, What Percent Chance Do I Have Of Losing 8 Times In A Row?
If Your Probability Of Winning Is
Gambling : What Is The Formula For Calculating Accumulative Odds
For example: If my chances of winning are 33%, what percent chance do I have of losing 8 times in a row?
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Best Answer To Gambling Question
Well, In your example it's ^8=0,036 (that is 3,6%).( = the possibility to lose you want ALL 8 times to lose you multiply 1st after the 2nd etc)
Always remember that there are 2 ways of calculating a is directly and 2 is calculate the possibility that this thing will not happen and subtract the result from 100%
All Answers To Gambling Questions
Answer 1
Well, In your example it's ^8=0,036 (that is 3,6%).( = the possibility to lose you want ALL 8 times to lose you multiply 1st after the 2nd etc)
Always remember that there are 2 ways of calculating a is directly and 2 is calculate the possibility that this thing will not happen and subtract the result from 100%
Answer 2
If your probability of winning is .33 then the chances of losing all 8 outcomes is . .33 to the 8th power.
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