Stat Guys I need your help

[hanover00]

Pancho is right. I look at it this way:

Four independent events each with a 50% prob of success or failure. So, you calculate the overall probability of all events failing or succeeding by multiplying all the probabilities:
.50x.50x.50x.50= 6.25% or 1/16.

 

[NoTax]

Pancho

Got it

Good info

Thanks

 

[DarrylParsons]

NoTax,

Keep in mind the following Theorem:

Removing a negative EV play completely from a combination of bets, no matter how fancy or convoluted, will improve the overall EV of the combination.

And a corollary:

Any combination of negative EV plays, no matter how fancy and convoluted, is always a negative EV play.

EV = Expected Value

GL

 

[NoTax]

Darryl

That makes cents