Quote from illiquid:
I ran 1200 to 75k in about 6 months on gold and silver minis last year, so anything's possible. It went back down to around 2k a couple weeks after the peak, so make sure you at least buy the friggin car when you can, ok?![]()
Quote from cmk:
I think it is so funny to listen to people looking at those useless boards above Roulette wheels and say "ohhh look, 5 reds in a row, its gonna be black this time, it has to be, the ODDS are against it not being black".
Like the god damn ball remembers if it was black or red last time, give me a break, those boards have been the all time greatest things for Casino bottom lines, get a bunch of fools who think that a roulette balls previous activity has anything at all to do with future activity for that ball, much less the odds of that ball landing in any specific position / color, and take money from them. By far the best business plan I have ever heard of!!
What's so funny is that any bias in the wheel shows up as a positive correlation, not a negative one. That means if the wheel is biased (even slightly), you're actually better off betting on the SAME result occurring again, not the opposite result. Note that if the wheel is unbiased neither strategy changes your odds. This means that betting on the opposite is at best a neutral strategy and can only hurt your chances.Quote from cmk:
I think it is so funny to listen to people looking at those useless boards above Roulette wheels and say "ohhh look, 5 reds in a row, its gonna be black this time, it has to be, the ODDS are against it not being black".