RE: Stats and Gaming - The making of an Anonymous Lottery
Sorry I mislead, I thought the words anonymous lottery in the title might be a giveaway :)
In terms of statistics its a very tricky subject and that was my point. There are in fact HUGE algorithms that exist for determining values of coin tosses but the point behind this was that stats can actually be read and if one understand the laws of variable changing they can have better chances of beating the system. This is why Casino's use 4 and 5 decks of cards at blackjack tables - because ones ability to count cards increases their statistical ability to determine the outcome of game - of course not 100% o the time, but enough to win more than they lose.
It means all statistical games have to be rigged in someone favor - either the house, or the player and it makes statistical games very risky - especially if you are not a pro at stats.
(as I said in my last post, this post was going to be very different from my usual, so hope it doesn't discourage you from other posts I make) :)
Don't worry, still love ur posts ;)