That's all fine, I understand all that copyright etc.

Surely mathematical probability and statistical fact can't be copyright though.

The laws of random probability means that the number of sequential runs is exactly the same as the number of random sequences.

Example.

win-win-win-win-loss-win-win-win

will happen as often as..

win-loss-win-loss-win-loss-win

or as often as ...

loss-loss-loss-loss-loss-loss.

If this were not true, you would have a winning system for ROULETTE.


Further data....
Length of losing streak Frequency Expected Frequency for strike rate of 30%
0 81 90.50999999999999
1 58 63.29399999999999
2 37 44.26169999999998
3 27 30.952319999999993
4 20 21.645014999999993
5 19 15.136384199999993
6 8 10.584880529999994
7 11 7.402004483999996
8 4 5.176214817899997
9 5 3.619718547899998
10 1 2.531260706288998
11 2 1.7701029003335986
12 1 1.237826314385429
14 1 0.6053140925177319
16 1 0.2960057125834357
17 1 0.2069946313458165
20 1 0.07078371943261151
21 1 0.04949833447506056



In other words, over 10,000 bets everything will even out to your average strike rate and dividend. You will have good days and bad days if your overall system doesn't show a level stakes profit. However, in the long run you can't win.

I have done mathematical models on this years ago, which ever way you slice it it's still the same cake.

It's just like chipping up in BlackJack - in the longrun it doesn't work unless you can change the odds or strike rate in your favour somehow.

[ This Message was edited by: Equine Investor on 2002-11-20 17:55 ]

[ This Message was edited by: Equine Investor on 2002-11-20 17:58 ]