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% chance of winning almost all JPs

    • qcjunior
      qcjunior
      Bronze
      Joined: 07.09.2008 Posts: 144
      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)
  • 3 replies
    • ExternalUseOnly
      ExternalUseOnly
      Bronze
      Joined: 30.01.2010 Posts: 3,373
      But how much did he lose?
    • supergaijin
      supergaijin
      Bronze
      Joined: 03.09.2010 Posts: 133
      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
    • qcjunior
      qcjunior
      Bronze
      Joined: 07.09.2008 Posts: 144
      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