Yes, I believe that to be true even though it remains to be a 50/50 case. In trading we rely on probabilities all the time, the same in the coin flip, because it's to do with 50/50 and decreasing probability of continueing to get consecutive tails. Come on guys, the chance of getting 21 consecutive tails is 1 in over 2m, that is pretty remote, is it not? 22 even more, 30 a lot more. It is possible, but very unlikely to happen to any of us.
For the last time.. mathematical impossibility.. you are wrong and are beginning to sound like a petulant child that cannot admit being wrong.. trading is not for you.. A: without a "correct" understanding of probability.. B: the courage to admit when you are wrong
If you can prove to me that it is just as likely to get 20 consecutive tails as 3, then I will agree with you
What you have written above (bolded) is a contradiction. You are confusing two different concepts. Yes the odds of getting 21 tails in a row is remote. The odds of getting 22 tails in a row are even more remote. However if you do get 21 tails in a row, the odds of making it to 22 tails in a row are still 50/50 because each coin toss is a discrete event that is not dependent on any previous coin toss. You are repeating the gamblers fallacy to a T. I can't believe you read that whole Wiki article and still do not see how fundamentally flawed your thinking is.
"more remote" is key to this arguement, what is the opposite of more remote? Also 50/50 is a lot more advantageous than 10/90, is it not?
hahahaha lol Jimmeeeeeeeeeeeeeee you pimp -----GOD! are you a baby run and tell now jimmmeeee be a good mommy's boy LMAO!!! whaaaaaaaaaaaa!!!
You just keep embarrassing yourself, you have been given several links that have already proven it.. people are laughing at you
I asked you what are the odds of the coin coming up heads on the 21st flip (after having already flipped 20 heads) and you respond with this (the answer to a completely different question)? One more time - after having flipped a coin and getting heads 20 times in a row, what are the odds of the next flip being heads? Do you understand that it is 50/50 (same as every other toss) or do you still cling to the incorrect belief that the odds of it coming up tails is greater?
fine, it's a mathematical fact that it is a 50/50, it's also a fact that it is a lot more unlikely to get 20 consecutive compared to 3 consecutive. That's probability, and gamblers fallacy is different to what I am saying here. You can laugh all you want, you both fail to prove me to be wrong so far
50/50, but do you understand what 50/50 means when analysing probability of continuation? And because with every consecutive heads the chances of getting another heads deminish that makes it more possible to get tails.