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TOPIC: Regarding Coinflips

Regarding Coinflips 7 years 5 months ago #591118

this is not regarding what happened with me and kalll, i just want to put it out there that never assume coinflips are free! You can lose a lot of money very fast. I have no hard feelings towards Kalll, due to the fact that i accept that i made a mistake. Please be careful doing coinflips, you can lose alot but can always win alot. happy gambling boys. Sorry kalll	narcc Offline Senior Boarder Posts: 733 Thanks received: 96 Karma: -9
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Regarding Coinflips 7 years 5 months ago #591120

Bet you wouldn't mention you did not agree to something if you won that coinflip	ParaMontana Offline User is blocked Posts: 5541 Thanks received: 3172 Karma: -1047
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Regarding Coinflips 7 years 5 months ago #591131

i wouldnt of taken his stuff, bc i record my coinflips and i make them clarify in chat whether they agree or not, so no i wouldnt	narcc Offline Senior Boarder Posts: 733 Thanks received: 96 Karma: -9
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Regarding Coinflips 7 years 5 months ago #591133

Jerrryiscool wrote: i wouldnt of taken his stuff, bc i record my coinflips and i make them clarify in chat whether they agree or not, so no i wouldnt But the texts you sent clearly show that you rolled for the win so there is no point in lying.	RFlex Offline Legendary Member whats up Posts: 5684 Thanks received: 996 Karma: -60
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Regarding Coinflips 7 years 5 months ago #591137

AA RFLeX wrote:

Jerrryiscool wrote:

i wouldnt of taken his stuff, bc i record my coinflips and i make them clarify in chat whether they agree or not, so no i wouldnt

But the texts you sent clearly show that you rolled for the win so there is no point in lying.

never lied, but i dont know why you guys are hopping on me again, i just apologized for my mistake. and warned people that coinflipping is dangerous.

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Regarding Coinflips 7 years 5 months ago #591141

It's almost like a coinflip is a 50% gamble.

When something is binomially distributed like this (IE it either happens or it doesn't,) the odds of any one outcome can be calculated. In the case of a 50% chance (X~B(0.5,Y), where Y is the sample size,) the graph resembles a normal distribution (that is, this graph here:)

The expected graph is symmetrical, and out of any sample, the modal value is exactly half.

Basically, the more you gamble the more and more your results will tend towards the mean value of 1/2, also known as a break even.

I mean, you have a relatively high chance of being just over break even, but that same chance is replicated in the negatives.

So what's the point in gambling? Idfk funny I guess.

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Last Edit: 7 years 5 months ago by exrobite.

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Regarding Coinflips 7 years 5 months ago #591143

exrobite wrote:

It's almost like a coinflip is a 50% gamble.

When something is binomially distributed like this (IE it either happens or it doesn't,) the odds of any one outcome can be calculated. In the case of a 50% chance (X~B(0.5,Y), where Y is the sample size,) the graph resembles a normal distribution (that is, this graph here:)
makes the game interesting

The expected graph is symmetrical, and out of any sample, the modal value is exactly half.

Basically, the more you gamble the more and more your results will tend towards the mean value of 1/2, also known as a break even.

I mean, you have a relatively high chance of being just over break even, but that same chance is replicated in the negatives.

So what's the point in gambling? Idfk funny I guess.

makes the game more fun for me, made over 400 mil last night

narcc
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Last Edit: 7 years 5 months ago by narcc.

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Regarding Coinflips 7 years 5 months ago #591144

Jerrryiscool wrote:

exrobite wrote:

It's almost like a coinflip is a 50% gamble.

When something is binomially distributed like this (IE it either happens or it doesn't,) the odds of any one outcome can be calculated. In the case of a 50% chance (X~B(0.5,Y), where Y is the sample size,) the graph resembles a normal distribution (that is, this graph here:)
makes the game interesting

The expected graph is symmetrical, and out of any sample, the modal value is exactly half.

Basically, the more you gamble the more and more your results will tend towards the mean value of 1/2, also known as a break even.

I mean, you have a relatively high chance of being just over break even, but that same chance is replicated in the negatives.

So what's the point in gambling? Idfk funny I guess.

makes the game more fun for me, made over 400 mil last night

And if you continue indefinitely I can personally guarantee you will lose it all.

exrobite
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dont have a cow man
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Regarding Coinflips 7 years 5 months ago #591145

exrobite wrote:

Jerrryiscool wrote:

exrobite wrote:

It's almost like a coinflip is a 50% gamble.

When something is binomially distributed like this (IE it either happens or it doesn't,) the odds of any one outcome can be calculated. In the case of a 50% chance (X~B(0.5,Y), where Y is the sample size,) the graph resembles a normal distribution (that is, this graph here:)
makes the game interesting

The expected graph is symmetrical, and out of any sample, the modal value is exactly half.

Basically, the more you gamble the more and more your results will tend towards the mean value of 1/2, also known as a break even.

I mean, you have a relatively high chance of being just over break even, but that same chance is replicated in the negatives.

So what's the point in gambling? Idfk funny I guess.

makes the game more fun for me, made over 400 mil last night

And if you continue indefinitely I can personally guarantee you will lose it all.

i dont do it often, i went bankrupt last night and gambled the m303 that morgan gave me and made all the profit

narcc
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Regarding Coinflips 7 years 5 months ago #591153

exrobite wrote:

Jerrryiscool wrote:

exrobite wrote:

It's almost like a coinflip is a 50% gamble.

When something is binomially distributed like this (IE it either happens or it doesn't,) the odds of any one outcome can be calculated. In the case of a 50% chance (X~B(0.5,Y), where Y is the sample size,) the graph resembles a normal distribution (that is, this graph here:)
makes the game interesting

The expected graph is symmetrical, and out of any sample, the modal value is exactly half.

Basically, the more you gamble the more and more your results will tend towards the mean value of 1/2, also known as a break even.

I mean, you have a relatively high chance of being just over break even, but that same chance is replicated in the negatives.

So what's the point in gambling? Idfk funny I guess.

makes the game more fun for me, made over 400 mil last night

And if you continue indefinitely I can personally guarantee you will lose it all.

No you can not, otherwise your post makes no sense. You can't personally guarantee that he either loses it all or wins it all, since he has exactly the same chances.

Archick
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Regarding Coinflips 7 years 5 months ago #591161

Archick wrote:

exrobite wrote:

Jerrryiscool wrote:

exrobite wrote:

It's almost like a coinflip is a 50% gamble.

When something is binomially distributed like this (IE it either happens or it doesn't,) the odds of any one outcome can be calculated. In the case of a 50% chance (X~B(0.5,Y), where Y is the sample size,) the graph resembles a normal distribution (that is, this graph here:)
makes the game interesting

The expected graph is symmetrical, and out of any sample, the modal value is exactly half.

Basically, the more you gamble the more and more your results will tend towards the mean value of 1/2, also known as a break even.

I mean, you have a relatively high chance of being just over break even, but that same chance is replicated in the negatives.

So what's the point in gambling? Idfk funny I guess.

makes the game more fun for me, made over 400 mil last night

And if you continue indefinitely I can personally guarantee you will lose it all.

No you can not, otherwise your post makes no sense. You can't personally guarantee that he either loses it all or wins it all, since he has exactly the same chances.

If he continues an infinite amount of times it is definite he will break even (in terms of w/l ratio)

exrobite
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Regarding Coinflips 7 years 5 months ago #591181

exrobite wrote:

Archick wrote:

exrobite wrote:

Jerrryiscool wrote:

exrobite wrote:

It's almost like a coinflip is a 50% gamble.

When something is binomially distributed like this (IE it either happens or it doesn't,) the odds of any one outcome can be calculated. In the case of a 50% chance (X~B(0.5,Y), where Y is the sample size,) the graph resembles a normal distribution (that is, this graph here:)
makes the game interesting

The expected graph is symmetrical, and out of any sample, the modal value is exactly half.

Basically, the more you gamble the more and more your results will tend towards the mean value of 1/2, also known as a break even.

I mean, you have a relatively high chance of being just over break even, but that same chance is replicated in the negatives.

So what's the point in gambling? Idfk funny I guess.

makes the game more fun for me, made over 400 mil last night

And if you continue indefinitely I can personally guarantee you will lose it all.

No you can not, otherwise your post makes no sense. You can't personally guarantee that he either loses it all or wins it all, since he has exactly the same chances.

If he continues an infinite amount of times it is definite he will break even (in terms of w/l ratio)

Exrobite is technically right, it should be 1 and done , you have no 100% chance that its gonna be 1 or 2 if you keep gambling over and over, your gonna make alot, then get cocky and lose it and break even or lose more than you gained. most of its just luck

narcc
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Regarding Coinflips 7 years 5 months ago #591390

Jerrryiscool wrote:

this is not regarding what happened with me and kalll, i just want to put it out there that never assume coinflips are free! You can lose a lot of money very fast. I have no hard feelings towards Kalll, due to the fact that i accept that i made a mistake. Please be careful doing coinflips, you can lose alot but can always win alot.

happy gambling boys. Sorry kalll

Thanks for stating the obvious

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Regarding Coinflips 7 years 5 months ago #591584

You should of never made a report abuse man. You know you lost it and tried to twist the story	AceInsidious Offline Legendary Member Memed Posts: 7996 Thanks received: 3661 Karma: 394
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Regarding Coinflips 7 years 5 months ago #591599

AceInsidious wrote: You should of never made a report abuse man. You know you lost it and tried to twist the story i dont know what to say, you have to take the staffs side but i dont care, i won it all back today, i was apologizing to kalll, didnt know that was such a bad thing	narcc Offline Senior Boarder Posts: 733 Thanks received: 96 Karma: -9
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Regarding Coinflips 7 years 5 months ago #591623

Jerrryiscool wrote: AceInsidious wrote: You should of never made a report abuse man. You know you lost it and tried to twist the story i dont know what to say, you have to take the staffs side but i dont care, i won it all back today, i was apologizing to kalll, didnt know that was such a bad thing Okey, this shit is solved, no more drama. Lock now, will yah?	Ezeh Offline Mythical Boarder A wild fox Posts: 5635 Thanks received: 1398 Karma: -113
Former ranks; SSRP Super Administrator TF2 Super Admin Teamspeak Staff Discord Administrator Appeals/RA Section Forum Moderator Deathrun Administrator Need to contact me? Click here! Ezeh#4745 The topic has been locked.