long odds
HisWrath wrote: It was one year ago today that the odds and pricing for Springfield Downs were changed, introducing the $200K 99:1 bet (today is also the one year anniversary of Squidport!). I liked...
Forum Discussion
Neglecterino wrote:
I'm really exhausted by this event at the moment, but I'll take a stab at it.
From what I gather reading the tstotopix site the probability is really 152/10,000 of wining that. Hence a probability of 9,848/10,000 of losing it. So to lose 700 times in a row the probability would be 0.9848 raised to the 700th power which is
0.00002206113
i.e. about 22 in a million.
When you put it that way it makes me feel actually quite lucky. :D Thanks for the math and I'm with you on this event. I've taken to checking in after midnight most nights. At least there isn't any gambling this time.
