My Math Forum is it possible to determine the winning ratio using statistics?

 Probability and Statistics Basic Probability and Statistics Math Forum

 May 30th, 2019, 12:41 AM #1 Newbie   Joined: May 2019 From: 188 King's Cross Rd, King's Cross, London, UK, WC1X 9DE Posts: 1 Thanks: 0 is it possible to determine the winning ratio using statistics? I began to get involved in gambling for a long time. Until this time, I played relying only on luck. But recently an interesting thought came to me. Is it possible with the help of mathematics and statistics to raise the number of victories? What do you think about that? Last edited by skipjack; May 30th, 2019 at 03:06 AM.
 May 30th, 2019, 03:07 AM #2 Global Moderator   Joined: Dec 2006 Posts: 20,759 Thanks: 2138 Of course it's possible - simply open your own casino. Thanks from Denis
 June 2nd, 2019, 05:39 PM #3 Senior Member   Joined: Oct 2013 From: New York, USA Posts: 647 Thanks: 85 It's useful to know when events are independent. If a card is drawn, that card cannot be drawn next if one deck is used and is less likely to be drawn next if multiple decks are used. Slot machines and roulette wheels are independent events. One of my cousins played roulette. He said that his friend thought that probabilities depended on prior spins. He said (without knowing the term "independent events") that he thought the probability was constant, and I told hime he was right.

 Tags determine, ratio, statistics, winning

 Thread Tools Display Modes Linear Mode

 Similar Threads Thread Thread Starter Forum Replies Last Post Jakarta Algebra 2 May 10th, 2012 09:54 PM Melissa Probability and Statistics 1 May 10th, 2011 03:28 PM inequality Algebra 1 November 9th, 2009 10:29 AM ElMarsh Advanced Statistics 2 October 23rd, 2009 05:10 PM lanvin12 Algebra 4 November 29th, 2008 04:58 AM

 Contact - Home - Forums - Cryptocurrency Forum - Top