I had a player bet 200 dollars a hand and play approximately 6000 hands. After playing 5k ie 1 million in wager was up 35K. What is the statistical probability of being up this amount or more after 6 thousand hands?
Guys, I ask you to take a minute of your time and visit a very interesting resource (Link removed by Mod. No advertising without prior consent from management)Here you will find not only favorable conditions for gamblers, but also the opportunity to use cryptocurrency.
Comments
After the event, if it happened, then the probability that it happened is 100%
Sorry, I don't have my maths head on. I may return later when I've looked out the equation... If someone else hasn't got in first.
I think we need to know what his bankroll was as he might have needed to have weathered a few bad streaks.
Square root of 5000 hands is about 70 hands.
Being up $35,000 at $200 a pop is being ahead 175 hands.
$1 million in wagers x 0.50% = $5,000 expected loss, or 25 units.
I would expect the gambler to be in the (-95 units to +45 units) range, but luck happens.
3 standard deviations would leave a 0.15% chance of it happening on either the upside or the downside.
Guys, I ask you to take a minute of your time and visit a very interesting resource (Link removed by Mod. No advertising without prior consent from management)Here you will find not only favorable conditions for gamblers, but also the opportunity to use cryptocurrency.