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Will You Add? - How To Take Advantage Of A Winning Streak
Adrenaline Junkies, Thrill Seekers, Reckless, Hell Raisers. Most people use these terms to describe young adults that put their life on the line for fun. But...There are no better words to describe the life of an Entrepreneur. We are the ones who live to pursue the dreams of Freedom and Wealth. We are the ones who religiousl
Of course, a winning streak doesn’t have to be as long or unlikely as 10 consecutive heads. Two consecutive blackjacks or 5 consecutive reds on the roulette wheel both constitute winning streaks and offer opportunities for profit.
The basic question when you re
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It’s also enough to send the supporters of small non-league soccer clubs into ecstasy for a month or two.
What is it? The elusive winning streak.
It’s something we’ve all heard of, especially if you like a flutter. Any number of punters will tell you that they’re on a streak or have just had a streak or are expecting a winning streak soon.
So what exactly is a winning streak? In the broadest terms, it’s a series of one or more unlikely results. And it’s the ‘unlikely’ part of that which makes it significant. If you support a Championship winning team, a run of six or seven consecutive wins doesn’t really come as a surprise. Although it could be referred to as a winning streak, it’s not really what we’re discussing here.
What we’re discussing here is a series of results that go against the odds – a series which, were you wise enough to recognise it and put money on it, could make you very wealthy.
To understand this, imagine the toss of a coin. Each toss has two possible results – Heads or Tails. The chance of each happening is the same: ? (or 0.5). The chance of 10 consecutive heads is then ? x ? x ? x ? x ? x ? x ? x ? x ? x ? or 0.0009765. In other words, you’d have to repeat 10 coin tosses a thousand times before that sequence was likely to occur – on average.
I say ‘on average’ because that’s where the advantage lies. All games pay out based on probability. If coin tossing was a casino game (bizarrely, it apparently is in Australia – but that’s another story!) the payout on 10 consecutive heads would be something in the order of 750 to 1.
The ‘edge’ for the player comes in recognising when events are happening outside the normal bounds of probability and betting accordingly – that is where the real money is to be made.
Of course, a winning streak doesn’t have to be as long or unlikely as 10 consecutive heads. Two consecutive blackjacks or 5 consecutive reds on the roulette wheel both constitute winning streaks and offer opportunities for profit.
The basic question when you re
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So what exactly is a winning streak? In the broadest terms, it’s a series of one or more unlikely results. And it’s the ‘unlikely’ part of that which makes it significant. If you support a Championship winning team, a run of six or seven consecutive wins doesn’t really come as a surprise. Although it could be referred to as a winning streak, it’s not really what we’re discussing here.
What we’re discussing here is a series of results that go against the odds – a series which, were you wise enough to recognise it and put money on it, could make you very wealthy.
To understand this, imagine the toss of a coin. Each toss has two possible results – Heads or Tails. The chance of each happening is the same: ? (or 0.5). The chance of 10 consecutive heads is then ? x ? x ? x ? x ? x ? x ? x ? x ? x ? or 0.0009765. In other words, you’d have to repeat 10 coin tosses a thousand times before that sequence was likely to occur – on average.
I say ‘on average’ because that’s where the advantage lies. All games pay out based on probability. If coin tossing was a casino game (bizarrely, it apparently is in Australia – but that’s another story!) the payout on 10 consecutive heads would be something in the order of 750 to 1.
The ‘edge’ for the player comes in recognising when events are happening outside the normal bounds of probability and betting accordingly – that is where the real money is to be made.
Of course, a winning streak doesn’t have to be as long or unlikely as 10 consecutive heads. Two consecutive blackjacks or 5 consecutive reds on the roulette wheel both constitute winning streaks and offer opportunities for profit.
The basic question when you re
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What we’re discussing here is a series of results that go against the odds – a series which, were you wise enough to recognise it and put money on it, could make you very wealthy.
To understand this, imagine the toss of a coin. Each toss has two possible results – Heads or Tails. The chance of each happening is the same: ? (or 0.5). The chance of 10 consecutive heads is then ? x ? x ? x ? x ? x ? x ? x ? x ? x ? or 0.0009765. In other words, you’d have to repeat 10 coin tosses a thousand times before that sequence was likely to occur – on average.
I say ‘on average’ because that’s where the advantage lies. All games pay out based on probability. If coin tossing was a casino game (bizarrely, it apparently is in Australia – but that’s another story!) the payout on 10 consecutive heads would be something in the order of 750 to 1.
The ‘edge’ for the player comes in recognising when events are happening outside the normal bounds of probability and betting accordingly – that is where the real money is to be made.
Of course, a winning streak doesn’t have to be as long or unlikely as 10 consecutive heads. Two consecutive blackjacks or 5 consecutive reds on the roulette wheel both constitute winning streaks and offer opportunities for profit.
The basic question when you re
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I say ‘on average’ because that’s where the advantage lies. All games pay out based on probability. If coin tossing was a casino game (bizarrely, it apparently is in Australia – but that’s another story!) the payout on 10 consecutive heads would be something in the order of 750 to 1.
The ‘edge’ for the player comes in recognising when events are happening outside the normal bounds of probability and betting accordingly – that is where the real money is to be made.
Of course, a winning streak doesn’t have to be as long or unlikely as 10 consecutive heads. Two consecutive blackjacks or 5 consecutive reds on the roulette wheel both constitute winning streaks and offer opportunities for profit.
The basic question when you re
Our nation is expanding, or should I say our nation’s waistlines are expanding. It’s a sad story. The figures are staggering, the death toll of Americans who are dying of preventable obesity related illnesses and is close to 400,000 a year. 400,000 people a year are dying because of what they are eating and the fact that they aren’
Of course, a winning streak doesn’t have to be as long or unlikely as 10 consecutive heads. Two consecutive blackjacks or 5 consecutive reds on the roulette wheel both constitute winning streaks and offer opportunities for profit.
The basic question when you recognise a winning streak is: ‘Do I bet against it or with it?’ Thinking about this more carefully, you’ll realise that if you bet with and it stops, you lose once; if you bet against and it continues, you lose more than once. So, in general, bet with the winning streak.
The second question would - or should - be: ‘How do I take advantage of this?’ Many systems and strategies have been devised to take advantage of consecutive runs of Evens Chance (ie ?) bets.
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