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This is a question Cunning Plans

I once devised a totally foolproof cunning plan to attract the attention of bikini-clad women, which - as you might imagine - failed miserably. Ever come up with a cunning plan for something? Did it work? What went wrong? Do you look back through the filter of the years with a burning sense of shame?

Suggested by Ring of Fire

(, Thu 5 Jul 2012, 11:57)
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the trick is to make a few big bets rather than a lot of small ones
after a lot of repetitions, the average of your results will be very close to the true odds. But on the initial few repetitions, there is a lot of what statisticians call "noise" where the average odds can vary a lot.
For example flip a coin 5 times and it would not be strange to to get one head and 4 tails, or vice versa. Flip a coin 10000 times and it would astronomically strange to get 2000 heads and 8000 tails. The more times you bet, the more your average results will reflect the true odds.
So: bet 3 times on number 12, then walk out win or lose.
(, Wed 11 Jul 2012, 23:21, Reply)

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