April 21st, 2014 at 8:14:08 AM
permalink
Is it just me or do 'streaks' happen with a consistency that I wouldnt expect on something that has such a low probability?
Example:
The probability of a streak of 6 or more in european roulette is 0.013 which is approx 1.3 times per hundred spins.
Being that 1.3% is quite low, I would have thought that the variance associated with it would be quite high. I have rarely played 100 spins without seeing a streak of this size.
What is the reason for it occuring with such consistancy despite the low probability?
Example:
The probability of a streak of 6 or more in european roulette is 0.013 which is approx 1.3 times per hundred spins.
Being that 1.3% is quite low, I would have thought that the variance associated with it would be quite high. I have rarely played 100 spins without seeing a streak of this size.
What is the reason for it occuring with such consistancy despite the low probability?
April 21st, 2014 at 8:29:38 AM
permalink
Because sample is not individually based. You're measuring a streak of 6 or more 95 times within 100 hands. so 1.3%*95 might as well you're seeing them all the time.
Yes i know the correct calculation is 1-(1-1.3%)^95 but the simplified version was enough to make the point.
Yes i know the correct calculation is 1-(1-1.3%)^95 but the simplified version was enough to make the point.
April 21st, 2014 at 8:41:33 AM
permalink
This is not correct.Quote: StatsExample:
The probability of a streak of 6 or more in european roulette is 0.013 which is approx 1.3 times per hundred spins.
here is how I look at it.
You can not say that the probability of a dependent event of 6 in a row in 6 spins (p=18/37 so run of 6 = p^6) = the average over 100 spins or 1/p
p^6 is just for the very next 6 spins
1 in 75.43542 = the average number of attempts and each attempt is not one spin in length.
the average length of each attempt is 1+p+p^2+p^3+p^4+p^5 = 1.921553381
multiply those together and get 144.9532 spins for the average.
The average number of runs of at least length 6 in 100 spins = 0.653145036
that comes directly from it's distribution
you are only looking at the next 6 spins.Quote: StatsBeing that 1.3% is quite low, I would have thought that the variance associated with it would be quite high. I have rarely played 100 spins without seeing a streak of this size.
What is the reason for it occuring with such consistancy despite the low probability?
That is why it is quite low.
The probability of at least one such run in 100 spins = 0.494937160377822
or about a coin flip
removed
silly
Sally
I Heart Vi Hart
April 21st, 2014 at 8:58:51 AM
permalink
Quote: mustangsally
you are only looking at the next 6 spins.
That is why it is quite low.
The probability of at least one such run in 100 spins = 0.494937160377822
or about a coin flip
Sally
I see.
Even at 0.49 it seems to happen with alot more consistancy than black/red.
I would be very suprised if it went 500 spins without a streak of 6 or more, though wouldnt think twice if i viewed 5 blacks in a row if you know what I mean.
April 21st, 2014 at 10:19:19 AM
permalink
That .49 is for at least one such run
there could be 2 or more in 100 spins too
just random events unfolding
The variance is very high too.
the standard deviation is almost the average number of spins it takes to see 6 in a row
140.2434348
144.9532
Wild!
In 500 spins there is about a 1 in 34 chance of NO such run or greater
0 runs of length 6 or more = 0.029153937
very possible, not out of this world
Streaks are just streaky
Sally says
there could be 2 or more in 100 spins too
just random events unfolding
Event | Run Probability | 1 in |
---|---|---|
0 runs of length 6 or more | 0.50506284 | 1.98 |
at least 1 run of length 6 or more | 0.494937160377822 | 2.02 |
at least 2 runs of length 6 or more | 0.133755019241570 | 7.48 |
at least 3 runs of length 6 or more | 0.021961798732982 | 45.53 |
at least 4 runs of length 6 or more | 0.002321310968390 | 430.79 |
The variance is very high too.
the standard deviation is almost the average number of spins it takes to see 6 in a row
140.2434348
144.9532
Wild!
In 500 spins there is about a 1 in 34 chance of NO such run or greater
0 runs of length 6 or more = 0.029153937
very possible, not out of this world
Streaks are just streaky
Sally says
I Heart Vi Hart