How many poker tournaments must I track to obtain a "significant" sample
Good afternoon. My question pertains to single table poker tournaments (aka Sit 'N Go's) and I hope some of the bright minds of this forum will find the question at least interesting.
The type of Sit 'N Go I play is a...
I didn't mean that the probability, from the start, was 25% for it to be selected in positions 49-52. I was (perhaps incorrectly) considering the probability after 48 cards have been drawn (believing that 1 of each suit would likely remain). You are just as likely to have drawn 'n' amount of...
I would venture that the final heart is most likely to be drawn in either 49th, 50th, 51st, or 52nd position (each occurring with equal probability).
In an infinite serious of trials, probability will ensure that after 12 hearts are drawn, 12 of each of the remaining suites (clubs, spades...
Hence the word LOGICAL. This assumption was made merely to dissuade people who would inevitably make the argument that your chances would vary depending if you knew the winner had been sold (or not been sold). Since this information would not be relevant to our debate (which is whether the fact...
DURRRR and post 1 states that a few logical assumptions have been made, namely that you don't know if the winning jackpot ticket has been sold or not. Therefore, it is a moot point whether or not the game is still played out after the ticket has been won.
http://moneycentral.msn.com/content/Retirementandwills/Retireearly/P89288.asp
Here is an excerpt from the article, under HOW TO PLAY SMARTER
Beware the stale game.
People often don’t realize that scratch games aren’t finished when someone wins the biggest prize; the tickets are left out...
In our scenario,there is only one grand prize and only one winning card. We are not considering the case of multiple prizes, however, I do not think this situation would be any different (other than increasing your odds across the board of purchasing some sort of winner). Your chances of hitting...
Point taken; however, I don't see any way it can be proven that P[winner=96] (for example) is dependent on the 95% chance that the winning ticket no longer remains. Same said for P[winner=3] given that 96% the winner remains. I would have to see something along the lines of P[winner=96] = 1/n -...
Wrong
Actually, the stated assumption that you do not know whether or not the winning ticket has already been sold essentially makes it a raffle. In a raffle you have no clue who the winner will be until all tickets are sold and one is drawn. The probability of one matching ticket being...
Yes, I understand how to treat it as an individual problem where the probability is 1/n. That is a trivially simple case. And as I said, you are going on the fact that you do not know if the winning ticket has been sold or not--therefore it does not matter whether or not the lottery game still...
A buddy from work and I have been debating an article we read the other day stating that it is a bad investment to play scratch lottery ticket games that have been on the market for an extended period of time (ex: hypothetical 2004 Christmas Game Scratcher). The article stated that this is due...