Re: Okay, I\'ll go first!
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So, Dan can be expected to make every final table from here on in?
Yes, it's not the best use of the concept, but I would be willing to lay odds that, all other things being equal, when you flip heads 50 times in a row, I'd wager that you will flip fewer heads than tails over the next 50 tosses.
And yes, I know I'd be taking the worst of this bet... and I'd still gamble on it.
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You have a bad grasp of the concepts involved in statistics and probability theory. I don't want to be mean, but it's true. What you are saying is a fallacy, and a common fallacy at that.
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Agreed. This is a basic fallacy.
In fact, given that flipping heads 50 times in a row could be construed as a bias in favor of heads, the original poster's assertion is even more off-base.
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