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Re:The Infamous Coin Toss by bogtog on Wednesday August 02, 2023 @10:08PM (#36980495)
This was my reaction too, I feel like there is something I'm not getting. I get that the bet is virtually guaranteed to go negative if the number of rounds is high enough (100+ rounds), but the opportunity for huge payouts still pulls the average up.
Re:The Infamous Coin Toss by bzax on Wednesday August 02, 2023 @10:15PM (#36980546)
The "average" of the distribution goes up as you increase the number of rounds, but the probability that you get an average or above value when you sample that distribution once goes to zero as the number of rounds increases.
Re:The Infamous Coin Toss by jakell on Wednesday August 02, 2023 @10:12PM (#36980519)
Exactly