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Heads or Tails

Topic closed. 45 replies. Last post 6 years ago by GASMETERGUY.

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Would you do a progressive bet on Tails if the last 5 coin flips were Head?

Yes [ 17 ]  [65.38%]
No [ 9 ]  [34.62%]
Total Valid Votes [ 26 ]  
Discarded Votes [ 0 ]  
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FL
United States
Member #93841
July 8, 2010
576 Posts
Offline
Posted: January 18, 2011, 5:21 pm - IP Logged

1 unit - wager amount= $62.50

Prize = $225.00

Would you do a progressive bet on Tails if the last 5 coin flips were Head?

Coin History

  1. H
  2. T
  3. T
  4. H
  5. T
  6. H
  7. H
  8. H
  9. H
  10. H

Please explain why or why not.....

"It's evolve or die, really, you have to evolve, you have to move on otherwise it just becomes stagnant."

    Avatar
    FL
    United States
    Member #93841
    July 8, 2010
    576 Posts
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    Posted: January 18, 2011, 5:23 pm - IP Logged

    I voted Yes,

     

    There is a 50/50 chance of getting Tails, and heads has already showed up 5 times.  I would make the bet and go up 1 unit after every loss until I win

    "It's evolve or die, really, you have to evolve, you have to move on otherwise it just becomes stagnant."


      United States
      Member #79057
      August 26, 2009
      70 Posts
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      Posted: January 19, 2011, 12:04 am - IP Logged

      I've seen this done for a profit on roulette. 
      But you've gotta have a loss point where you get out.  If you play these odds enough you can do alright, but you've got to survive the short falls.

        Avatar
        FL
        United States
        Member #93841
        July 8, 2010
        576 Posts
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        Posted: January 19, 2011, 10:24 am - IP Logged

        Would you be wrong to not have a cut off point?

         

        If you are progressive betting than increasing 1 unit after every lost would give you a profit as soon as tails shows up....Atleast that's the way i'm seeing it.

         

        Can we have some more opinions please?

         

        Anybody else..........

        "It's evolve or die, really, you have to evolve, you have to move on otherwise it just becomes stagnant."

          Raven62's avatar - binary
          New Jersey
          United States
          Member #17843
          June 28, 2005
          49725 Posts
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          Posted: January 19, 2011, 10:49 am - IP Logged

          1 unit - wager amount= $62.50

          Prize = $225.00

          Would you do a progressive bet on Tails if the last 5 coin flips were Head?

          Coin History

          1. H
          2. T
          3. T
          4. H
          5. T
          6. H
          7. H
          8. H
          9. H
          10. H

          Please explain why or why not.....

          Betting against a Two-Headed Coin can only have One Result: Heads I Win, Tales You Lose!

          Progressive Betting can only have One Result: You Lose what You Have: Faster!

          A mind once stretched by a new idea never returns to its original dimensions!

            Coin Toss's avatar - shape barbed.jpg
            Zeta Reticuli Star System
            United States
            Member #30470
            January 17, 2006
            10351 Posts
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            Posted: January 19, 2011, 10:51 am - IP Logged

            I've seen this done for a profit on roulette. 
            But you've gotta have a loss point where you get out.  If you play these odds enough you can do alright, but you've got to survive the short falls.

            On casino table games house limits exist to kill "steamers" and progressive systems, whcih are called Martingales (double up and catch up).

            Theorhetically, if somonee had a large enough bankroll they could just keep playing until they won, regardless of how many losing bets they had to get through.

            But in the long run, even if there was no limit, that finally bet, the winner, would produce a gain of one unit (whatever unit you atre betting, $1, $25, etc...)

            On the winning side, the limit stops someone from putting a dollar on a table and letting it ride "to the moon".

            The textbook answer to the question posed by teamprofit is dice, cards, roulette balls, coins etc... "have no memory" and don't know what they showed last. Thus the odds against any given result are always the same.

            Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

            Lep

            There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

              Avatar
              Kentucky
              United States
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              February 14, 2006
              7308 Posts
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              Posted: January 19, 2011, 10:51 am - IP Logged

              A playing strategy for Baccarat is progressively betting on streaks and the rule of thumb is to bet on the streak or not bet at all. When it gets to the point when you think the streak might be ending, lowing the bet is an option too.

                Avatar
                FL
                United States
                Member #93841
                July 8, 2010
                576 Posts
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                Posted: January 19, 2011, 11:37 am - IP Logged

                1 unit - wager amount= $62.50

                Prize = $225.00

                Would you do a progressive bet on Tails if the last 5 coin flips were Head?

                Coin History

                1. H
                2. T
                3. T
                4. H
                5. T
                6. H
                7. H
                8. H
                9. H
                10. H

                Please explain why or why not.....

                Let's say I have $1000 bank roll

                Looking at the above information Heads has came up 5 times in a row. 

                 

                If I bet$62.50(1 unit) that the 11th flip will be Tails and miss, I lost $62.50---a win will get me $225

                If I bet $125(2 units) that the 12th flip will be Tails and miss, I lost $125+$62.50=$187.50---a win will get me $450

                If I bet $187.50(3 units) that the 13th flip will be Tails and miss, I lost $187.50+$125+$62.50=$375 ---a win will get me $675

                If I bet $250(4 units) that the 14th flip will be Tails and miss, I lost $250+$187.50+$125+$62.50=$625 ---a win will get me $900

                " $312.5(5 units) 15th flip will be Tails and miss, I lost $312.50+$250+$187.50+$125+62.50=$937.50 ---a win will get me $1125

                 

                You can only gain a small profit until your 6 try.  At 7 tries you will be out money..... ACPutz is right; you need a cut off point.

                "It's evolve or die, really, you have to evolve, you have to move on otherwise it just becomes stagnant."


                  United States
                  Member #93947
                  July 10, 2010
                  2180 Posts
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                  Posted: January 19, 2011, 4:25 pm - IP Logged

                  1 unit - wager amount= $62.50

                  Prize = $225.00

                  Would you do a progressive bet on Tails if the last 5 coin flips were Head?

                  Coin History

                  1. H
                  2. T
                  3. T
                  4. H
                  5. T
                  6. H
                  7. H
                  8. H
                  9. H
                  10. H

                  Please explain why or why not.....

                  Teamprofit,

                  I agree with Coin Toss on this.

                  http://www.lotterypost.com/thread/226384/1923066

                  If you want to delve into the psychological reasons why some people will disagree with us, check out this study:

                  http://www.staff.city.ac.uk/~sj361/p1369.pdf

                  --Jimmy4164

                    Boney526's avatar - NjlpLogo
                    New Jersey
                    United States
                    Member #99032
                    October 18, 2010
                    1439 Posts
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                    Posted: January 19, 2011, 5:15 pm - IP Logged

                    I voted yes... but how would a 62.50 bet payout 225 with 50/50 odds?

                     

                    This doesn't seem to make any sense to me.

                      garyo1954's avatar - garyo
                      Dallas, Texas
                      United States
                      Member #4549
                      May 2, 2004
                      1689 Posts
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                      Posted: January 19, 2011, 7:10 pm - IP Logged

                      Let's say I have $1000 bank roll

                      Looking at the above information Heads has came up 5 times in a row. 

                       

                      If I bet$62.50(1 unit) that the 11th flip will be Tails and miss, I lost $62.50---a win will get me $225

                      If I bet $125(2 units) that the 12th flip will be Tails and miss, I lost $125+$62.50=$187.50---a win will get me $450

                      If I bet $187.50(3 units) that the 13th flip will be Tails and miss, I lost $187.50+$125+$62.50=$375 ---a win will get me $675

                      If I bet $250(4 units) that the 14th flip will be Tails and miss, I lost $250+$187.50+$125+$62.50=$625 ---a win will get me $900

                      " $312.5(5 units) 15th flip will be Tails and miss, I lost $312.50+$250+$187.50+$125+62.50=$937.50 ---a win will get me $1125

                       

                      You can only gain a small profit until your 6 try.  At 7 tries you will be out money..... ACPutz is right; you need a cut off point.

                      If you bet $62.50 for 11, 12, 13, it would be $62.50 times 3 ($187.50) -- a win will get $225.

                      Then bet $125 for 14, 15, it would be $187.50+$250 ($437.50) -- a win gets $450

                      Then bet $187.50 for 16, it would be $187.50+$250+187.50 ($625) -- a win gets $665.

                      The last winning bet is $250 at 17, which would be $187.50+$250+187.50+250 ($875) -- a win gets $900.

                      $312.50 at 18 would be $187.50+$250+187.50+$250+$312.50 ($1187.50) -- and a win be $1125 (but you are in the red)

                       

                      Money management will keep you in the game longer, with the possibility of a win.

                      Good thread!

                        RL-RANDOMLOGIC's avatar - usafce

                        United States
                        Member #59354
                        March 13, 2008
                        3966 Posts
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                        Posted: January 19, 2011, 11:51 pm - IP Logged

                        1 unit - wager amount= $62.50

                        Prize = $225.00

                        Would you do a progressive bet on Tails if the last 5 coin flips were Head?

                        Coin History

                        1. H
                        2. T
                        3. T
                        4. H
                        5. T
                        6. H
                        7. H
                        8. H
                        9. H
                        10. H

                        Please explain why or why not.....

                        Teamprofit

                        In responce to your message,  I don't consider myself a gambler but I do take risk on a daily

                        basis.  If the money meant nothing to me I might play Tails for the excitment but in reality I

                        would have to stand and watch.  The more money wagered the more exciting the game would

                        be. The next toss is 50/50 unless the toss is somehow biased.  I love the feeling of being in

                        this type of situation and maybe it is worth the $62.50  just to feel the sensation but for me to

                        say tails will come up next, hmmmm, 50/50.

                        RL


                          United States
                          Member #93947
                          July 10, 2010
                          2180 Posts
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                          Posted: January 20, 2011, 1:01 am - IP Logged

                          1 unit - wager amount= $62.50

                          Prize = $225.00

                          Would you do a progressive bet on Tails if the last 5 coin flips were Head?

                          Coin History

                          1. H
                          2. T
                          3. T
                          4. H
                          5. T
                          6. H
                          7. H
                          8. H
                          9. H
                          10. H

                          Please explain why or why not.....

                          Teamprofit,

                          Taking another look at your proposition, I have a question:

                          Would you consider accepting straight consecutive bets of $62.50, with the $225.00 Prize?

                          If so, put me down for $62.50 on Tails for as long as you're prepared to pay.

                          Smiley

                          --Jimmy4164

                            Avatar
                            FL
                            United States
                            Member #93841
                            July 8, 2010
                            576 Posts
                            Offline
                            Posted: January 20, 2011, 12:48 pm - IP Logged

                            I voted yes... but how would a 62.50 bet payout 225 with 50/50 odds?

                             

                            This doesn't seem to make any sense to me.

                            Don't think to much of it, just look at this question as it was presented, I made this to see what kind of opinions I will receive.

                            "It's evolve or die, really, you have to evolve, you have to move on otherwise it just becomes stagnant."

                              Avatar
                              FL
                              United States
                              Member #93841
                              July 8, 2010
                              576 Posts
                              Offline
                              Posted: January 20, 2011, 12:52 pm - IP Logged

                              Teamprofit,

                              Taking another look at your proposition, I have a question:

                              Would you consider accepting straight consecutive bets of $62.50, with the $225.00 Prize?

                              If so, put me down for $62.50 on Tails for as long as you're prepared to pay.

                              Smiley

                              --Jimmy4164

                              I would take you on this bet any day but only when the coin toss has been one sided for more than 5+ flips. Big Smile

                              "It's evolve or die, really, you have to evolve, you have to move on otherwise it just becomes stagnant."