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jrlvnv
 

Registered: May 2005
Posts: 368

 

04-18-12 06:16 AM

In a simulation of a million flips, I am trying to figure out what the average and highest deviation is. What is the most amount one is higher than the other.

If you could show the math behind it, that would be awesome, or just the answer would be fine Thanks

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nutmeg
 

Registered: Jan 2007
Posts: 18225

 

04-18-12 11:49 AM

You left out commissions of each toss and of course the small detail of living long enough to flip a million times.

At any rate, why a million?

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stephan31
 

Registered: Oct 1999
Posts: 347

 

04-18-12 03:15 PM

Way more than you think.

Concentrate on better than 1:1 Reward/Risk expectancy vs 'coin toss' scenarios and you'll be on the right path.

peace

Hedvig

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jrlvnv
 

Registered: May 2005
Posts: 368

 

04-19-12 12:37 AM


Quote from nutmeg:

You left out commissions of each toss and of course the small detail of living long enough to flip a million times.

At any rate, why a million?



I wasn't thinking about trading for this situation, more of casino table games.

Things I know, the casino always has the edge except in BJ with a plus count. There is nothing I can do or nothing in my bet that will take away from the house edge. I know ANYTHING can happen on the casino floor. I know there might be 200 black spins in a row.

My thinking though is the "standard deviation" in a casino game if small enough and a proper money management I could enjoy profits from a casino game. I'm not saying I can beat the game, but I might enjoy some profit in between losses.

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