Some musings on the math inspired by JAW OF THE THIRDS by Dane

[TwoCatSam]

OK, you're in a casino and you have just won four bets in a row on red.  Suddenly there is a bomb scare and everyone has to evacuate.  You stand out in the cold for two hours.  When you return, you ask yourself the same question.  Am I pushing my luck?  What about when the wheel closes down for the night?  Does it remember it just shot four reds before closing?  Does time enter into it?

Here is the paradox as I've stated before:  We know each spin is independent but we also know red can't go on forever.  This brings up the old axiom--The wheel can stay erratic longer than you can stay solvent.

Frankly, there is no answer. 

Sam

[psimoes]

Exactly. One possible answer: the casino is also submitted to the probabilities and has the same chance of winning streaks, plus the zero. Virtual betting starts to look feasible.