Part 2 ยท Law of Large Numbers
๐ŸŽฏ INTERACTIVE

Experiment: flipping a coin

Total flips
0
Heads
0
Share of heads
โ€”

Green line = 50%

โ†“ flip ร— 1   |   press several times to see the pattern

Part 2 ยท Law of Large Numbers

Law of large numbers

Few trials means the result jumps around.

Many trials means the result approaches the theory.

The more trials you have, the more accurate the prediction.

This is the casino's main weapon.

The casino does not win every single round. It plays thousands of rounds every day. The law of large numbers turns a tiny edge into guaranteed profit.