21st November 2006, 01:38 PM
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Suspended.
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Join Date: Jan 1970
Location: gippsland lakes/vic
Posts: 5,104
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Quote:
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Originally Posted by Oaksnaf
Crash we might have 1/3 chances of winning with 2 X $5 bets. But we also have 1/3 chances of losing our total bank.
Compare that to a single $10 bet.
1/2 chance of winning
1/2 chance of losing
We have a greater chance in losing on our single bet, but we also have a better chance of winning.
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I'm not sure how to make sense of all that.
If there is:
1/2 chance of winning
1/2 chance of loosing
How can losing have: ' a greater chance in losing' [?]
and winning have: 'a better chance of winning' [?]
Both winning and losing chances in the above single $10 bet is [surely] identical isn't it? |