Loose Change

[hooskins]

Originally Posted by Schneed10

Yeah, jsarno, you're dead wrong on the red and black thing. You're basically saying that if you flip a coin and it lands on heads 3 times in a row, then it's more than 50% likely to land on tails during the next flip.

That's flat out incorrect. Events that happened in the past are exactly that, in the past. They do nothing to change the probabilities of future outcomes.

Your stance makes you appear uneducated.

Sorry jsarno, but I would agree with Schneed here. I mean I have extensively studied statistics and gambling "techniques" are constantly disproved, starting at the 101 level.

I also done quite a bit of econometrics too. I am not trying to get into an argument about who is qualified, just want to let you know I have been educated in these fields. Last time I tried to let people know I was ripped a new one...thanks Schneed