The odds most certainly don't "have to be even."  if you are going to hit 50% of your free throws over the course of your life, and you miss one, the odds of the next one are still 50/50 because the odds "be even" when the next 1 million free throws are 50/50 overall. You can apply martingale to sports betting the same way you can to every other bet. it will be great until you get on a losing streak that hits the maximum bet or the end of your bankroll.

Yes, there is chance, but how the first free throw bounced off the rim has absolutely nothing to do with how the second one will bounce off the rim (if it even hits the rim).

the people that in take lots of stuff into account. You can only put the red card that happens in the middle of the game into account if you are doing in-game betting, but you can bet that anyone who is good at sports betting takes red card suspensions and injuries into account when making a bet on a soccer game.

france was favored to win. the fact that the game was in France had a lot more to do with that than the result of the last game they played 2 years ago.

Sports is a terrible place to use the gambler's fallacy because there are so many hints that it might work that people get the wrong idea. There are many, many factors that go into who is going to win a sports game, and who won the last one may be one of them, but "france lost 2 years ago, they should win today" is a pretty bad example of using the gambler's fallacy.

It doesn't. The odds of throwing the 11th are 50/50. To satisfy getting to 50/50 overall you just need to keep flipping the coin and getting 50% heads, look for my post earlier in this thread where I break it down.

The casino site needs to make money to pay their bills, so some money has to come off the table.

Even if the owner takes a portion of the winnings (call it rake or commission, whatever) eventually they will get the money.

If we do me vs you in flipping a coin, with both put in 1 coin, the winner gets .99 coin if they win, the house gets .01, the loser loses 1, if we go back and forth enough 50/50 the house will get all the money.

You can come up with various bonuses/rakeback/comps to give some of the money back to the players, but you need a house edge to make money, because why would you do it if you aren't making money, and that money has to come from somewhere. I have seen many people try (and fail) to pay the bills via ads only, but that hasn't worked. You need to make money to cover your expenses, and the only successful model has been taking it from the players.

You don't care about the odds of throwing 11 heads in a row, after you already did 10. There is only 1 left to throw so it is 50/50.

The odds of throwing 11 heads in a row is (1/2)^11. That's the same as ((1/2)^10) * (1/2). The bold is throwing the first 10, AFTER you've thrown 10 heads in a row the odds of throwing 11 in a row are 50/50.

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This is my favorite logic in all of cryptoland.

Of course there's some value, they can trade it for dollars or other coins on the exchanges.

Being stolen, doesn't mean there's a ton of value, it just means that the current exchange rate makes it worth stealing, and since it doesn't appear to require that much effort to steal coins, I wouldn't be using that as a great judge of anything.

The chance is the same every play.

that's what the gambler's fallacy is. People THINK that if you have a streak of heads, tails becomes more likely to get back to 50/50, but you don't. that's why it's a FALLACY, because it's false.

The gambler's fallacy is real because people don't understand how math works.

If you flip 6 heads in a row (on a fair coin), the odds of the next flip are still 50/50 AND we can still expect the results to be 50% as we go into the future.

After the first 6 you got heads 100% of the time.

If the next 4 are 50/50, you have 8 heads out of 10.  Heads came out 80% of the time

If the next 10 are 50/50, you have 13 heads out of 20. Heads came out 65% of the time.

If the next 30 are 50/50, you have 28 heads out of 50. Heads came out 56% of the time.

If the next 50 are 50/50 you have 53 heads out of 100. Heads came out 53% of the time.

If the next 100 are 50/50, you have 103 heads out of 200. heads came out 51.5% of the time.

If the next 1,000 are 50/50, you have 603 heads out of 1200. Heads came out 50.25% of the time.

If the next 10,000 are 50/50, you have 5603 heads out of 11200, heads came out 50.00268% of the time.

As you keep going you actually get to 50/50.

It's obviously the media's fault. If they weren't so busy spreading so much fud, there wouldn't have been such a run on paybase causing 100 million dollar floor to evaporate in seconds.

If no one ever said anything about GAW, no one would have ever tried to sell their coins ever and the price would be at least $100 per coin now. Damn Fudsters, ruined everything.

the purpose was to pump the price up so they could unload some of the coins they created out of thin air for a bigger price. It worked until people realized that only a few people would be able to get the $20 per coin value, so the price crashed down to lower than it was before.

Losing  house and kids can be more a divorce situation than actually getting foreclosed on. The amount of money blown to actually lose a house and the amount to get your wife to be tired of your shit are 2 very different numbers.

They want the honors program to happen, that's why they "launched" it.

If the honors program was "launched" I guess I can see how they are keeping their "no pre-announcements" promise, they just have a completely different language than what the rest of the world considers English.

Weird bug, if you open the hand browser/replay thing, the text says "seat x is the button" but x is wherever the button is on the table when you click the button.

I thought I saw an odd chip go to the wrong guy in a split pot game, but that button thing and the hand history saying "PLAYER wins pot (###) instead of PLAYER wins pot with (hand) (####) plus a lack of caffeine made it hard for me to confirm that.

Having fun playing today though, hope you can get the domain.

Edit: Just got the low chip after winning the low and in better position, not sure what's going on.

hold them. No one is going to let your borrow their satoshi making machine if it will give you more satoshis than you give them.

I'm not sure what amazon will/can do against you, but stuff like this is why using purse is a bad idea, in my opinion. It doesn't make to pay that markup for coins, so there are going to be lots of fraudulent transactions. If there is a fraudulent transaction, amazon has your address and you have their product, and fake information from the carder. Who knows what amazon can do to you, but they can't do much to the other person involved because they used fake info.

Any reason that someone has to sell or rent miners is a reason for me not to buy/rent from them.

"hello, officer jones, I need your help."

"what can i do for you?"

"Someone on the internet said they would give me internet money if I mailed them drugs, to make sure no one got ripped off someone named Vector would hold the money until the drugs were shipped. After I put the drugs in the mail Vector ran away with my internet money."

"Ok, son, we'll find your internet money while you're in jail for putting drugs in the mail and possession with intent to sell, hopefully we'll find it in the next 5 to 10 years, have a good night."

The same logic you are using to say it's stupid to rent from that site is why it's stupid to buy miners. Why would someone sell you a miner that they could plug in and make money with? why would someone rent you a miner that they could plug in and make money with?

Just buy coins if you want them, no one is going to rent or sell you a money making machine for an amount of money less than they can make plugging it in.