At a Win% S/R of 35% what are the odds of this system returning 3 wins in 5 selections ??

17.5%

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Cheers.

Thanks you so much bhagwan for the prompt and unequivical response to what I had thought a fairly complex probem regarding probability that I had put forward for discussion. I've no doubt given your high standing here that you did your DD before answering so as to maintain your hard earned integrity.

I'm humbled to have been given a response even though it totalled only 4 characters. I'll cherish this tenuous link for many years to come.

No need to read any further bhagwan .....

Anyone who has any idea of probability, I would love to hear from regarding the probability of an event happening where there is a single 35% success rate. The event is what are the odds of 3 "WINS" in 5 attempts where each attempt shows 35% success.

1.81%

A "Thank you Moee" would have been nice.

You Either ignore help or bag the helper Barny.
No wonder there has been no other responses after 100 views!

Have a nice day

this may help in future

Attached Files

BERNOULLI.xlsm (15.0 KB, 498 views)

It says in that mathematical calculation that if one had 10 tries of 5 bet lots, then the chance of hitting 3 from 5 is 18.11%

So we had a difference .61%

If you just have one go of 5 bets, then your chance of hitting 3 wins is just 1.8%

We were assuming that you were going to have more than just one go at 3 wins from 5 bets.

You wished for a prompt reply to the question.
You received a succinct response.
Its the answer you don't like, even though its correct in essence.

I'm sorry you feel offended by that answer.
We were trying to help you with a prompt answer without the complicated waffle.

Both answers are correct.
Why not just take the answer that upsets you the least.

Now that you have the percentages , all you have to do now is work out how to make a quid out of it .

There is an answer to that also.

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Cheers.

bhagwan & mooee,

Don't get your knickers in a twist eh? I've got some info on probabilities and will have a butchers at that. bhagwan, my response was tongue in cheek, humourous, s'pssoed to be funny.

BTW, you both missed the 35% S/R of each.

mooee, you were the one who wanted facts and figures to support a theory of mine not so long ago, BUT now it's OK for you to pluck a number out from wherever whithout any back up? A touch hypocritical don't you think?

Hi woof43, just opened up your file ..... thanks heaps.

I don't pluck numbers buddy.
You didn't ask for backup , you asked for the answer.

So you post and let everyone know what you think is the answer and the backup.
Surely you didn't come up with 35% as the answer - without any backup?