Coin Toss?

-
How to win a coin toss. Flipping a coin does not carry 50/50 odds, but rather 51/49 biased for the side that is facing up when flipped. Also, when spinning a penny, tails will face up 80% of the time. 

Here's some coin flipping strategies you can use to increase your odds at winning a toss:
- Always be the chooser, if possible.

- Always be the flipper, if you can.

- Don't allow the same person to both toss and choose.

- If the coin is being flipped, and you're the chooser, always choose the side that's initially face down. If the coin is being spun rather than flipped, always choose whichever side is lightest. On a typical coin, the "heads" side of the coin will have more "stuff" engraved on it, causing "tails" to show up more frequently than it should. Choosing "tails" in this situation is usually the power play.

- Never under any circumstances agree to a coin spin if you're not the chooser.

Adding even 1% of variation to a situation of pure chance can create a lot of additional complexity, and that in turn, can create strategy where none existed before. 

Comments

Post a Comment

Popular posts from this blog

Talking Real Estate with Hope Leitner, January 2023

-
Image
  2023 is already making headlines for the Real Estate Market. Don't let the bad news scare you. There really is no crash in sight according to the professionals. San Diego is even less likely to experience a steep downturn. There's just too much demand for what comes on the market here. The gains in 2020, 2021 & 2022 were so extreme, any decline at all just indicates a stabilizing market.   Rising interest rates may mean that some buyers will look into risky loans, this article below will arm you with the knowledge necessary to avoid a mortgage pitfall.    I love hearing from everyone on this email list. I am here to support you whatever your real estate needs might be.     January - Ponder this -  “We are born in ignorance, we die in ignorance, but maybe sometimes we learn something important and pass it along to others before we die. Or we write it down in a little book.” - Greg Bear - Reading is what helps us overcome our ignorance, our fears, our self-made walls. Janua
Read more

San Diego Market Update May 2024

-
Image
The market is heating up in time for the traditional summer rush. I wish I could say when the market will cool off or at least level off, But, I can't. All I can say is the economy is steady and the real estate market reflects that.    Below you'll find the housing report for the current month along with data from the preceding months. San Diego County continues to grapple with an inventory shortage. The average cost of a home has risen, but that doesn't mean there aren't still some affordable properties out there.    Whether you're contemplating a purchase or sale, I invite you to reach out. Let's discuss your options within the dynamics of our distinctive housing market, ensuring your decisions align with the current trends and realities.   If you know anyone who might be interested in receiving this market update every month, please have them sign up at this  link.   I am always here for my clients and their friends and family.   Your Forever Agent,   Hope Le
Read more

Curious about the Real Estate Commision Ruling?

-
Image
    Are you aware of the settlement reached by the National Association of Realtors (NAR) in a class action lawsuit last week?   This settlement could potentially have significant implications for the real estate market, particularly in regions with high property prices, like ours.   The lawsuit alleged that NAR's rules and practices regarding the sharing of commission between buyers' and sellers' agents stifled competition and inflated housing costs. As part of the settlement, NAR agreed to make changes to its rules and practices, including allowing greater transparency in commission rates and providing more information to consumers.   In high-priced regions like ours, where housing costs are already a concern for many buyers and sellers, any changes resulting from this settlement could have notable effects. Greater transparency in commission rates might lead to increased competition among real estate agents and potentially lower costs for consumers. However, it's esse
Read more