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Michel Amelinckx writes:
> Same thing with roulette, they hate me in the casinos because if I
> play roulette I play on red and black. I wait till red (black)past 3
> or 4 times in a row and then play on the other colour. And the
> longer you wait, like 5 or 6 times on red (black) the higher the
> probability the next will be the other colour. Although 6 times the
> same colour is very rare. And this they don't like in casinos.
If a coin tossed comes up heads 4 times in a row, what's the chance it
will be tails next time?
If a system is 50% wins, and you lose 4 in a row, what't the chance of
a winning trade next time?
Given that each trade is independent of the others, which I THINK you
are in agreement with, the above 2 are the same situation, so why
would you say one is 50% and one is 99?
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