Betting Talk

Goats

HavanaHavana Senior Member
edited November 2010 in Sports Betting
What was the math. terminology that negates the so-called "hot" or "cold" streaks?

Comments

  • kopman52kopman52 Senior Member
    edited November 2010
    Variance maybe.....
  • GoatsGoats Head Moderator
    edited November 2010
    I'll assume by your thanking of kopman52 that was what you were looking for.
  • RightAngleRightAngle Admin
    edited November 2010
    Yes, simple variance. http://en.wikipedia.org/wiki/Variance

    Just like in Roulette, red will come up 4 times in a row pretty often, doesnt mean that red is +EV on the next spin.
  • ottimaleottimale Member
    edited November 2010
    http://en.wikipedia.org/wiki/Gambler%27s_fallacy
  • HavanaHavana Senior Member
    edited November 2010
    I thought there were two words for the most accurate description. My previous "thank you" was a courtesy.
  • AngryPirateAngryPirate Senior Member
    edited November 2010
    negative variance? positive variance?
  • GoatsGoats Head Moderator
    edited November 2010
    Havana wrote: »
    I thought there were two words for the most accurate description. My previous "thank you" was a courtesy.

    Ummm... nothing else is really coming to mind, sorry. There are other terms that deal with this issue, but variance would be the word I'd use for the overall topic.

    Random distribution? Regression to the mean?
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