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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call
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To: Sojourner Smith who wrote (11391)6/15/2003 2:14:09 AM
From: Win-Lose-Draw  Read Replies (1) of 11447
 
10 in a row is a ~1/1000 event. if you do this actively - say once a minute - that's once every 16 hours or roughly once every second working day. so every second working day you will lose 2000*3^8 on that 10th flip.

that's over $13M.

and it doesn't include all the bets leading up to that 10th flip.
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