Anybody here ever make money gambling?

[Jstpssng]

Gambling quiz: if a flipped coin is heads 10 times in a row, what are the chances of it coming up heads on the 11th time?

One in two.

 

[bunyip]

with an australian one dollar coin 100%

 

[CobyRupert]

Ok, but what are the chances of flipping heads 11 times in a row?

 

[bunyip]

Same answer
And apologies, that should have been AU$2 coin

 

[Jstpssng]

Same answer
And apologies, that should have been AU$2 coin

:thumbsup: :laughing:

 

[CalG]

I won big time , but then the casino needed to do some improvements on the building, so the good guy I am, I gave them what I had to help fund the project.

I do the same thing at the bank I deal with. I give them my money and they pay me 1.5% interest, long term. When I buy a tractor on time, I only need to pay them 18% .

But I feel so secure when I do it ;-)

NB I don't mind gambling, but I can't stand to loose. ;-)

 

[Jstpssng]

Ok, but what are the chances of flipping heads 11 times in a row?

I believe that it's 1 in 2048... but I had to dig out an old textbook to come up with it. ( I can't believe that I still have that old crap around, it's been up in the shed since I moved here in 2003.)

 

[kenmac]

I gambled today on the stock market. Made quite a bit of money too !

 

[bunyip]

I won big time , but then the casino needed to do some improvements on the building, so the good guy I am, I gave them what I had to help fund the project.

I do the same thing at the bank I deal with. I give them my money and they pay me 1.5% interest, long term. When I buy a tractor on time, I only need to pay them 18% .

But I feel so secure when I do it ;-)

NB I don't mind gambling, but I can't stand to loose. ;-)

You have banks that pay interest, we get charged to keep our money in the bank.

 

[jmc]

One in two.

Bingo!