[Flips Guide PSA]

14 hours ago, natsirt said:

I talked about this in OOC earlier, if you have (starting small) 875k and you start bet at 125k, then if you win its 125k, if you lose and double every time you will get a total of 125k profit. you have a 1/2x2x2 chance of loss as there are three steps (125k+250k+500k=875k) then you make a 125k profit 7/8 times and make a -875k loss 1/8. Adding more maths into this 7/8(chance of profit) x 125k(profit) = 109375 Then the loss 1/8(chance of loss) x -875k(loss)= -109375.

This balances out, the larger the safety net, the larger the potential loss. The lower the bid amountt the lower the profit. This will work with any numbers given, flips are 50/50, no 2 ways about it. 

Ex. 100k start bid, and 12.7mil safety net (this should be safe, right?) you have 7 goes before you are out. 1/2x2x2x2x2x2x2 chance of loss (1/128) and thus 127/128 win. 127/128x100k=99218.75 and the loss is 1/127x(-12700k)=-99218.75

sry man.

each individual flip will always be 50/50, yes, that's obvious, and there's always the small chance of a complete loss which is to be expected as it's gambling. the point is that the chances of losing in your scenario is 1/128 which is 0.7% and the chances of making a 100k profit is 99.3%. it's a good chunk of money that's nothing to sneer at and if it's not enough, you can always increase the initial bet or triple it once after the first bet. if the risk outweighs the rewards is something that's completely up to you, but i personally think it's worth it.

[Flips Guide PSA]

1 hour ago, natsirt said:

I rly dont like this.  NO MATTER WHAT you will always have 50/50 even if you lost 10 in a row before, (W=win L=lose) having LLLLLW is 1.56% just like LLLLLL. they have the same odds. this is especially true when u see that both players can have lost 7 beforehand etc.

 

12 minutes ago, squidward said:

flips are 50/50.

Natsirt is correct in this, you could lose 5 flips in a row, that literally just is your luck.

you guys aren't seeing the bigger picture. the chances are always gonna be 50/50, sure, but probability changes when it's cumulative. losing 5 flips in a row is very much possible, but highly unlikely as you have to lose the 50/50 five times in a row. if you can afford to lose, using an escalation method to bet can be lucrative. start with a low bet, and if you lose, double it. it might seem very counter-intuitive and you'll lose the money shortterm, but law of large numbers suggests that you'll eventually win your money back and then some. of course, it's entirely possible you run out of money before that point but that would have to either be horrible luck or your own fault for not having a big enough safety net.