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Practice Matters

Applying Betting Strategies to Wiley’s Work and Flat

Applying Betting Strategies to Wiley’s Work and Flat Betting As noted in Section 2 above, Dean Wiley provided an analysis of streaks for a 50/50 fair game in a random process that resulted in his Table 8 the first two columns of which are repeated in Table 3-1.

Wiley does not say it for this table

Wiley does not say it for this table but the Number of Streak Occurrences applies to both win or to lose streaks. So adding to his Table 8 to include both Win and Lose streaks (which frequently occur sequentially when playing) results in Table 3-2. Although Wiley has definitions for Win and Lose streaks this author provides the following definitions needed for this booklet plus some other definitions:

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