Gambling

[Teddy6451]

Sorry for asking here so often, but i have another question:
Assuming there is a game with a winning chance of 97.06%, and the events are independent. What is the probability of 4 losses coming in a row, in a million bets? The loss chance is therefore 2.94%

 

[blamocur]

Are you familiar with Markov chains?

 

[Deleted member 4993]

Sorry for asking here so often, but i have another question:
Assuming there is a game with a winning chance of 97.06%, and the events are independent. What is the probability of 4 losses coming in a row, in a million bets? The loss chance is therefore 2.94%

You did not show any original WORK. You did NOT even share your THOUGHTS. How are we supposed to help you when we don't know EXACTLY where/why you are stuck?!

You can ask as many questions as you want, as long as you follow forum guide-lines.