17th November 2013, 01:38 PM
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Member
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Join Date: Sep 2011
Posts: 1,474
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Quote:
Originally Posted by woof43
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Generally speaking if you look at long term results of even money chances, intuitively one thinks that they get closer and closer to "equipartition" as the number of events increase. Although it seems correct, it is wrong.
As the number of events increases, deviation from equipartition increases, while the deviation as a percentage of the number of trials decreases.
This "decreasing percentage" becomes very important in your quest for consistent $$$$'s profits
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For those interested I think this explains it fairly well.
http://www.probabilitytheory.info/c...9-equipartition
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