In the post above, BruceZ explains that the advice given in the "Zen" book happens to be correct: That you should indeed continue playing when you're winning even though you know it's luck, because, as Bruce explains, your opponents will fear you more, etc. This is, of course, correct but it is not the reason given by the author. As Bruce also says, the author justifies his advice by what he calls the "bunching of luck", which is voodoo. We should be loath to follow advice that's correct in itself but justified erroneously ! (The old eating fish vs learning to fish argument.) It's truly better, for example, not to walk under an open ladder, but
not because it's bad luck.
Having said that, please advise me on what outcome to bet on next, in order to have an edge, in the following real-world scenarios:<ul type="square">
1. The coin is flipped and it comes out Heads 5 times in a row.
2. The last five numbers that came up in a double-zero Roulette are 2 , 0 , 14 , 23 , 4 and 35.
3. 3-5, 5-4, 5-5, 6-5 comes up in consecutive throws by the same player in Craps.[/list]