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You may think "Oh man, you are genius! If you continue to toss coins you will be closer to the mean, but this does not imply within 10 either side, in fact you're likely to be numerically further away. I do not like math and statistics at all. But suppose that your odds are higher after a long negative streak. The Universe doesn't keep track of the fact it owes you 1 correct call to square things up. I was fond of Roulette a few years ago. I would like to give you a better idea of my thought. Most Active Forum Threads Rectangle inscribed in Vegas shutting down Down and out with the How did you choose Airborne transmission{/INSERTKEYS}{/PARAGRAPH} But that is "almost" equal to tossing a coin. That's Regressing to the mean did you no good at all. By the way, in these days, after playing BJ for hours, few thoughts have emerged. Thanks TT. I played strictly Wong's table. Some SOME online casinos do cheat! Blackjack can be beaten by counting, but it's a chore. Wong docet. Spare a thought for the newly poor who were happy in their world just a few days ago, but whose whole way of life just collapsed.. All the info is on the forum if you seek it out. Forgive me before you read me :- I am a BJ newbie. Life is just one long session. Then I got to Wizardsofodds website and found very interesting stuff. I guess, leaving the table every time you have a profit. This fallacy can arise in many practical situations although it is most strongly associated with gambling where such mistakes are common among players. How do you manage your money in a tossing coin tournament? I had 16 consecutive negative hands! Most don't need to. How can you beat it? I prefer to bet at live BJ tables over the internet, at least I see the physical cards. After the loss, I chose to play for free and try to understand if it was bad luck I do not believe it exists or simply a couple or more deviation standard from the mean. Good morning to All thanks for your fast response. The Universe doesn't know or care that you left the casino last night. Joined: Jun 1, Threads: 44 Posts: Hi, Welcome to the forum. Craps, Roulette, Coin Tossing have no memory of previous results. Joined: Apr 1, Threads: 3 Posts: Joined: May 22, Threads: 37 Posts: July 8th, at PM permalink. That is my starting point. They were my very first two exams at University. A picture worths thousands words, isn't it? July 8th, at AM permalink. One week ago I did not even know BJ rules. I will do my best to explain my thoughts. The chance you'll land more than 7 sigmas out is 1 in billion, so you don't need to go very far out before it starts becoming non-practical. July 9th, at AM permalink. No algos that resets the odds at every hand. Thanks in advance for your comments, bad or good. Ring the bell when you find the right spot". Good morning to All first of all I beg your pardon for my english. You raise questions that have been answered often here. {PARAGRAPH}{INSERTKEYS}There is actually a name for this In situations where what is being observed is truly random i. Of course if this concept was already analyzed could you please give me some indications? Joined: Jun 17, Threads: 30 Posts: Firstly BJ is slightly different to other Even money games. After a few days of good winnings I lost a few hundreds in 1 night playing blackjack. The point is: is it 10, 20 or consecutive negative hands? OnceDear Administrator. So after 1 million your results should be between Coins Tosses SD Range Joined: Nov 9, Threads: Posts: Arnold Snyder. This my approach: try to beat the worst enemies first when you are fresh and full of strength. I am not a pro. Do you have suggestions to do that and keep going on my explanation? Plain and simple, isn't it? Right now I play mostly BJ on an online casino and just a bit of roulette. The best way to bet on this stuff is to "buy the dips" i. In the example above, the reality is that you might end up with say a total of 46 correct out of your calls. RSS Feed. Thus the next game is totally independent of previous results. The bell curve goes on out to infinity and negative infinity. That would give you a total of 52 wrong and 51 correct. My balance was up when I left just a good luck streak. Recommended online casinos. Just for fun but using odds to get an edge. As the numbers get bigger you will be closer to the mean but that will be a proportion. You can have as many standard deviations as you want. On the long run, the House has a clear edge. It seemed a cheated game. Actually I guess you can't. Betting on reversion to the mean could be painful in some instances. Much appreciated. Bonuses can be exploited. If this approach does not sound too silly, I could share a few charts to support my primitive analysis. I played roulette in most of the european casinos. So far. Joined: Jul 8, Threads: 1 Posts: 4. Take care out there. Hope not to be stupid in my observations and questions. Secondly the "returning to mean" is a statistic and can be slightly misleading.