Re: What are odds of this kind of Bad Beat Streak?
I believe you want to know the probability that you lose 22 or more times given 24 plays where you were a 3-1 favorite.
I believe this will equal:
Summation i = 0 to i = 2 for the following:
.75^i * .25^(24-i)
Which is an extremely small number which leads me to believe one of the following:
1) You were not a 3-1 favorite (perhaps you calculated your odds incorrectly).
2) You are not being completely honest.
3) I am simply wrong in my above calculation, thereby making whatever I said to be invalid.
Blasting off,
RMJ
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