losjackal
Technical Administrator
I've seen two people recently claim that coin flips can result in heads > 50% of the time. The most recently claim was 8 times out of 10, and that they wouldn't reveal their secret. Really, what secret is there besides practice? Or even technique? At best, I imagine it's like shooting a free-throw. But a really good career free-throw record is 80% or greater...I have a hard time believing 80% can be achieved with a more difficult task like a coin flip. (For the record, it's more difficult because the variables are harder to control, and with less precision: distance from the center of the coin to your thumbnail, amount of force applied to the coin, upward velocity of your hand, initial starting height, and obstacles and surface bounce of where the coin may land).
So for discussion purposes, here is a simple test. Let's say you are the person who believes they can flip heads 8 times out of 10. Someone comes up to you and says let's bet on it. Flip a coin, and if you flip heads I'll pay you 20 cents. But if you flip tails, you pay me 80 cents. Would you play that game? How many times?
What if I came to you and said one coin flip, 20 dollars and 80 dollars? Would you play that game?
What if the split was 25 and 75? In theory, if you are correct about your 8 out of 10, you'd play all day, because the odds are in your favor.
Discuss.
So for discussion purposes, here is a simple test. Let's say you are the person who believes they can flip heads 8 times out of 10. Someone comes up to you and says let's bet on it. Flip a coin, and if you flip heads I'll pay you 20 cents. But if you flip tails, you pay me 80 cents. Would you play that game? How many times?
What if I came to you and said one coin flip, 20 dollars and 80 dollars? Would you play that game?
What if the split was 25 and 75? In theory, if you are correct about your 8 out of 10, you'd play all day, because the odds are in your favor.
Discuss.