Expected Losing Streak Gambling Sequences
The formula for calculating expected losing sequences is as follows:
divided by (Losing Strike Rate divided by 100) to the power of
'number of run of outs'.
note: The Losing Strike Rate is 100 minus the Win Strike Rate.
is an example for a system with a winning Strike Rate of 28% to
see how often you should experience a sequence of, say, 14 losers
in a row:
"conclusion" is therefore that every 99 bets you may
expect to see 14 losers in a row.