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  #1  
Old 20th April 2006, 04:27 PM
Mad Gambler Mad Gambler is offline
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Default losing streak

How do I calculate my losing steak based on a strike rate of 34%.

mad gambler
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  #2  
Old 21st April 2006, 04:19 AM
Bhagwan Bhagwan is offline
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34% expected run of outs is 16.
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  #3  
Old 21st April 2006, 09:39 AM
La Mer La Mer is offline
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Quote:
Originally Posted by Bhagwan
34% expected run of outs is 16.


Bhagwan, Your answer is too simplistic - the run of outs of 16 can only be in reference to the number or bets - do you mean a run of outs of 16 in a 100, 200, 300? The expected run of outs is dependent on the number of bets, eg.

if there are 10,000 bets then there is 56% probability that there will be a run of outs of 20 but only 42% probability that there will be a run of outs of 21;

if there are 1,000 bets then there is 63% probability that there will be a run of outs of 14 and a 48% probability that there will be a run of outs of 15;

if there are 100 bets then there is 54% probability that there will be a run of outs of 9 but only 40% probability that there will be a run of outs of 10.
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  #4  
Old 21st April 2006, 01:43 PM
wesmip1 wesmip1 is offline
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This might be more helpful : LLS = longest losing streak.


For a Win % of 34.0% over 100,000 trials, the expected LLS are ...

Exp # of LS of length 5 is 4258 Prob of one or more LS is 100.00%
Exp # of LS of length 6 is 2810 Prob of one or more LS is 100.00%
Exp # of LS of length 7 is 1855 Prob of one or more LS is 100.00%
Exp # of LS of length 8 is 1224 Prob of one or more LS is 100.00%
Exp # of LS of length 9 is 808 Prob of one or more LS is 100.00%
Exp # of LS of length 10 is 533 Prob of one or more LS is 100.00%
Exp # of LS of length 11 is 352 Prob of one or more LS is 100.00%
Exp # of LS of length 12 is 232 Prob of one or more LS is 100.00%
Exp # of LS of length 13 is 153 Prob of one or more LS is 100.00%
Exp # of LS of length 14 is 101 Prob of one or more LS is 100.00%
Exp # of LS of length 15 is 67 Prob of one or more LS is 100.00%
Exp # of LS of length 16 is 44 Prob of one or more LS is 100.00%
Exp # of LS of length 17 is 29 Prob of one or more LS is 100.00%
Exp # of LS of length 18 is 19 Prob of one or more LS is 100.00%
Exp # of LS of length 19 is 13 Prob of one or more LS is 100.00%
Exp # of LS of length 20 is 8 Prob of one or more LS is 99.98%
Exp # of LS of length 21 is 6 Prob of one or more LS is 99.60%
Exp # of LS of length 22 is 4 Prob of one or more LS is 97.38%
Exp # of LS of length 23 is 2 Prob of one or more LS is 90.96%
Exp # of LS of length 24 is 2 Prob of one or more LS is 79.54%
Exp # of LS of length 25 is 1 Prob of one or more LS is 64.91%
Exp # of LS of length 26 is 1 Prob of one or more LS is 49.90%
Exp # of LS of length 27 is 0 Prob of one or more LS is 36.63%
Exp # of LS of length 28 is 0 Prob of one or more LS is 25.99%
Exp # of LS of length 29 is 0 Prob of one or more LS is 18.02%
Exp # of LS of length 30 is 0 Prob of one or more LS is 12.29%
Exp # of LS of length 31 is 0 Prob of one or more LS is 8.29%
Exp # of LS of length 32 is 0 Prob of one or more LS is 5.55%
Exp # of LS of length 33 is 0 Prob of one or more LS is 3.70%
Exp # of LS of length 34 is 0 Prob of one or more LS is 2.46%
Exp # of LS of length 35 is 0 Prob of one or more LS is 1.63%
Exp # of LS of length 36 is 0 Prob of one or more LS is 1.08%
Exp # of LS of length 37 is 0 Prob of one or more LS is 0.71%
Exp # of LS of length 38 is 0 Prob of one or more LS is 0.47%
Exp # of LS of length 39 is 0 Prob of one or more LS is 0.31%
Exp # of LS of length 40 is 0 Prob of one or more LS is 0.21%
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  #5  
Old 21st April 2006, 05:41 PM
Alex H. Alex H. is offline
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Hi Wesmip,

How did you arrive at that data and is it possible to get calculations for other strike rates?

Alex.
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  #6  
Old 21st April 2006, 05:44 PM
La Mer La Mer is offline
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Quote:
Originally Posted by Alex H.
Hi Wesmip, How did you arrive at that data and is it possible to get calculations for other strike rates? Alex.



Go to http://twonix.com/ & download the risk or ruin calculator (link found in left-hand menu bar).
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  #7  
Old 21st April 2006, 07:02 PM
Alex H. Alex H. is offline
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Sweet! Thanks.

Alex.
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  #8  
Old 22nd April 2006, 05:14 AM
crash crash is offline
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Quote:
Originally Posted by La Mer
Go to http://twonix.com/ & download the risk or ruin calculator (link found in left-hand menu bar).



La Mer,

I'm not sure if it was you who mentioned it, but the guy who wrote the software for that ROR calculator was supposed to be developing software that would auto place a bet on a selection[s] if a certain price range was available a few min. before the jump with the TAB [or whoever]. Was that you and if so have you heard anything more about it? Thanks.
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  #9  
Old 22nd April 2006, 07:54 AM
La Mer La Mer is offline
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Quote:
Originally Posted by crash
La Mer, I'm not sure if it was you who mentioned it, but the guy who wrote the software for that ROR calculator was supposed to be developing software that would auto place a bet on a selection[s] if a certain price range was available a few min. before the jump with the TAB [or whoever]. Was that you and if so have you heard anything more about it? Thanks.


Crash, Nick Aubrey is the guys name - he's the brains, the other Nick is the software developer. Visit the site mentioned earlier in this thread & you can read all about their software.
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  #10  
Old 22nd April 2006, 05:01 PM
woof43 woof43 is offline
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Default simple formula

Win%=34
Loss%=66

LOSSES CONFIDENCE:
5 87.48%
6 91.73%
7 94.54%
8 96.40%
9 97.62%
10 98.43%
11 98.96%
12 99.32%
13 99.55%
14 99.70%
15 99.80%
16 99.87%
17 99.91%

Use the first 99%
Formula = 1-(Loss% ^ Losses) for excel users

example 1-(.66^12)=99.32%
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