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"Fair" coin flips appear to not be all that fair
(arxiv.org)
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this post was submitted on 10 Oct 2023
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Aside from National Lampoon Vegas Vacation, it would be in back alleys. It's not a commercial game because it's not exciting enough and it would be easy enough to fool with a machine (also the paper at hand). I just didn't expect it to be so biased for actual people flipping coins.
I seem to have confused people. I just thought there was a different understanding and didn't want to explain gambling.
What I meant to express in "the house always wins" is that in games of chance, you're always at a disadvantage. That's how the house is statistically guaranteed to make money when played at a large scale.
Roulette has red, black, and the green one.
A "fair coin" is a mathematical abstraction. There's zero probability that actual coin flips are "fair", in the mathematical sense. What I was expressing was the fact that this is way larger of an effect than I expected and, over time, this effect will change things that use coin flips.
Here is an alternative Piped link(s):
National Lampoon Vegas Vacation
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source; check me out at GitHub.
To be honest I think we have different cultural values here. The way I read this and the way you read it is clearly different. I'm disappointed by how little I had my expectations changed, while you had them moved more.