% chance of winning almost all JPs

qcjunior

Joined: 07.09.2008

15.02.2013, 22:00 0

Hello can someone help me with a question?

What are the %chances of winning almost all of the jackpots on the same day, on an online casino?

NO I do not play casino games,...... but someone did recently win almost all the big JPs in a 2 day span on the British Columbian pkr/gambling platform hosted by I believe bodog.

....It really makes me think I am the loser for not Gambling
....I used to think that winning one JP would be next to impossible(online casino)

any comment on this/ or facts would be great. TY (not including useless childish spam)

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TonyRice

Joined: 30.01.2010

Posts: 3,380

16.02.2013, 18:08 0

But how much did he lose?

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supergaijin

Joined: 03.09.2010

Posts: 133

16.02.2013, 19:18 0

Depends on the number of times played. you want to find the prob of NOT. winning over n bets (where n is the number of bets made) by taking prob of losing each bet; y = 1 - x where x is prob of winning. then take y to the power of n to get the chance of losing every bet. the prob of winning the jackpot at least once is 1 - prob of losing all bets.

do this for each jackpot type and multiply the results together to get prob of winning each jackpot at least once

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qcjunior

Joined: 07.09.2008

Posts: 144

17.02.2013, 01:19 0

Originally posted by supergaijin
Depends on the number of times played. you want to find the prob of NOT. winning over n bets (where n is the number of bets made) by taking prob of losing each bet; y = 1 - x where x is prob of winning. then take y to the power of n to get the chance of losing every bet. the prob of winning the jackpot at least once is 1 - prob of losing all bets.

do this for each jackpot type and multiply the results together to get prob of winning each jackpot at least once

Thank you supergaijin, i won't ever be able to find out number of times played/lost/won, I can see that he has won over 125,000 beans in less than 2 days.
How much did he lose?...? I am sure the online casino is not paying out slightly in the gamblers favor. I am kinda assuming he was tossing around 500k, aggressively that is! to hit that many JP's with a min payout of 5k each time. :f_o: I think I am jealous

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