Odds and Probability
Coin-flip streaks and what they do not prove
Five heads in a specified row is 1 in 32 on a fair coin. The run does not schedule the next toss or prove a system.
Tag
independence
2 posts tagged "independence".
Odds and Probability
Why a parlay is less likely than it feels
A parlay pays only if every leg hits. Independent chances multiply downward, and the posted price rarely pays that product back.