bazooooka
Joined: Nov 21, 2016
• Posts: 185
November 7th, 2017 at 1:44:12 AM permalink
It's been said true randomness can only occur on an infinite timeline. Thus when you sample a set of observations then it's not random nor is it 50/50. If you read thru the thread and scientific papers linked you can see how one can falsely assume 50/50 odds on something that has been set up not to be. ie 10000 coin flips showed 5000 heads and 5000 tails. However if we remove a section of 7000 flips that showed 4000 heads. they odds of random sampling a head in the remaining 3000 observations if less than 50/50.
QFIT
Joined: Feb 12, 2010
• Posts: 307
November 7th, 2017 at 3:46:10 AM permalink
If the observations are always exactly 50/50, that's not random.
"It is impossible to begin to learn that which one thinks one already knows." -Epictetus
Tothesea
Joined: Jul 24, 2017
• Posts: 16
November 20th, 2017 at 6:26:59 PM permalink
Gambling "experts" see everything in black and white, and find any challenge to the house edge simply hilarious. They'll learn better one day. Meanwhile, know that winning comes in shades of green, not grey!
It's only a gambling problem if you're losing
QFIT
Joined: Feb 12, 2010