50/50/90 rule - do I hear people snicker? - Aussie Stock Forums

# Thread: 50/50/90 rule - do I hear people snicker?

1. ## 50/50/90 rule - do I hear people snicker?

Did you know that the 50/50/90 rule is real?
This is how it works, but first I need to explain the 50/50/75 rule.

50/50/75 rule

Four playing cards are laid face down on a table.
One of them is the Ace of diamonds.
Your job is to nominate the card that you believe is the ace of diamonds.

After you have made your choice the moderator turns one of the three other cards face up.
It is not the Ace of diamonds.
The game continues.

Another card is turned face up
It is not the Ace of diamonds.
The game continues with two card left face down on the table.
One of them is the Ace of diamonds, the other is not.

You are now given an opportunity to change your selection.
A 50/50 choice.
Do you stay with the original selection or do you change cards.
Think about it, make your choice then continue on.

Remember, the original card you chose had a 75% chance (1 in 4) of being the wrong card. There was a 75% chance that one of the other three cards was the ace of diamonds.
The game has done you a favour. It has exposed two of those other cards, and now tells you that out of TWO remaining cards, ( 50/50 chance) one has a 75% chance of being the Ace of diamonds and the other, your original selection, only has a 25% chance.

That is the 50/50/75 rule.

The 50/50/90 rule; start with 10 playing cards. The one you choose has a 90% chance of being wrong. What do you do when you get down to two cards.

2. ## Re: 50/50/90 rule - do I hear people snicker?

wow that just blew my mind, that's a great post thanks!

3. ## Re: 50/50/90 rule - do I hear people snicker?

Originally Posted by 123enen
out of TWO remaining cards, ( 50/50 chance) one has a 75% chance of being the Ace of diamonds and the other, your original selection, only has a 25% chance.
That's crap. Both cards have a 50% chance of being the ace, so it makes no difference whether you change your selection or not (in terms of the long term average).

Your selection only has a 25% chance of being the ace when all four cards are present. The moment one is removed, the probability changes.

GP

4. ## Re: 50/50/90 rule - do I hear people snicker?

Looks like a variant of the 3 door gameshow puzzle.

It should be stated that the person turning over the cards knows the location of the Ace of Diamonds and deliberately does not turn it over.

Yes you should switch as it definitely improves your odds although intuitively it's very difficult to believe this.

5. ## Re: 50/50/90 rule - do I hear people snicker?

Originally Posted by WaySolid

Yes you should switch as it definitely improves your odds although intuitively it's very difficult to believe this.
The dealer deliberately didnt turn over the Ace because he knew where it was, or because he couldn't, because it was the card you chose. Both are of equal probability. This aint even high school maths. You're down to 2 cards, regardless of which of these you chose to begin with each has the same probability of being the Ace.

If intuition played any part, then you would have chosen the correct card in the first place, so intuitively, your odds might be better if you dont change

6. ## Re: 50/50/90 rule - do I hear people snicker?

Originally Posted by slackjaw
The dealer deliberately didnt turn over the Ace because he knew where it was, or because he couldn't, because it was the card you chose. Both are of equal probability. This aint even high school maths. You're down to 2 cards, regardless of which of these you chose to begin with each has the same probability of being the Ace.

If intuition played any part, then you would have chosen the correct card in the first place, so intuitively, your odds might be better if you dont change
Intuition doesn't imply magical forecasting ability.

7. ## Re: 50/50/90 rule - do I hear people snicker?

Umm. Why didn't each of the first 4 cards have a 1 in 52 chance of being the ace of diamonds? The setup didn't say it was definitely there at all.

Think I'll stick to Lotto.

8. ## Re: 50/50/90 rule - do I hear people snicker?

Lol
It's like the old blokes at the roulette wheel -
you get 5 reds in a row, they'll swear that the chance of a black next is improved by this "sequence-of-past-events" , i.e. is better than 50-50 (ignoring the green for a moment)

(PS or ignoring the two greens !!, if you're stupid enough to play roulette in Vegas

*snickers*

10. ## Re: 50/50/90 rule - do I hear people snicker?

Hmmm..

I always thought that it was to explain why it is that whenever I am given a 50/50 opportunity, I'll pick incorrectly and get it wrong 90% of the time..

Regards,

Buster.

11. ## Re: 50/50/90 rule - do I hear people snicker?

Originally Posted by WaySolid
Intuition doesn't imply magical forecasting ability.
http://dictionary.reference.com/search?q=intuition

12. ## Re: 50/50/90 rule - do I hear people snicker?

Originally Posted by Buster
I always thought that it was to explain why it is that whenever I am given a 50/50 opportunity, I'll pick incorrectly and get it wrong 90% of the time.. .
buster,

something like murphy's law ?
drop the toast, it always lands butter side down

PS Murphy was an optimist

13. ## Re: 50/50/90 rule - do I hear people snicker?

Hey 2020..

Originally Posted by 2020hindsight
something like murphy's law ?
drop the toast, it always lands butter side down
Ha ha.. Well ALMOST always..

Regards,

Buster

14. ## Re: 50/50/90 rule - do I hear people snicker?

Sorry slackjaw but you are wrong.

Say there were 10 cards and one is an ace.

When you get down to the last two cards there are two possiblities either:

1. the card you chose (when there were 10 to choose from) is the ace
2. the other card is ace

The odds that the card you chose initially was the ace are 1 in 10

The odds you chose a card other than the ace are 9 in 10

So, some may say counter-intuitively, the odds are significantly greater
that you will end up with the ace if you switch.

15. ## Re: 50/50/90 rule - do I hear people snicker?

anyone know the formula(e) they use on the "deal or no deal" show?
I've only seen it a few times (and certainly haven't cracked the code).

Maybe something like - "the mean of the remaining suitcases less 10% ??"

16. ## Re: 50/50/90 rule - do I hear people snicker?

Originally Posted by 2020hindsight
anyone know the formula(e) they use on the "deal or no deal" show?
I've only seen it a few times (and certainly haven't cracked the code).

Maybe something like - "the mean of the remaining suitcases less 10% ??"
im sorry i cant watch it andrew okeefe is a douche

17. ## Re: 50/50/90 rule - do I hear people snicker?

Originally Posted by 2020hindsight
anyone know the formula(e) they use on the "deal or no deal" show?
I've only seen it a few times (and certainly haven't cracked the code).

Maybe something like - "the mean of the remaining suitcases less 10% ??"

so... after all but two cases remain... the 50c and \$200k...

your chance of getting the \$200K is 50/50...

what will the bank offer you? \$99,995? i dont think so..... im guessing it will be \$80,000 or something like that....

i think the bank takes human greed and emotion into it...

what would u do... take the unfair offer of \$80K or take a chance at 50/50... knowing you could go home with 50c...

remember, the bank KNOWS what you have... much like the card dealer knew where the Ace of Diamond was...

18. ## Re: 50/50/90 rule - do I hear people snicker?

Originally Posted by white_goodman
im sorry i cant watch it andrew okeefe is a douche
that sounds like a variation of ad hominem mate

Originally Posted by korrupt_1
so... after all but two cases remain... the 50c and \$200k...
your chance of getting the \$200K is 50/50...

im guessing it will be \$80,000 or something like that....

what would u do... take the unfair offer of \$80K or take a chance at 50/50... knowing you could go home with 50c...
ahhh - now we're getting down to the short strokes here korrupt .

I'd reason as follows ...
You have the option to go on ... with a negative casino advantage !!
There is \$200,000.50 out there - On average (if you did it 100 times whatever) you will go home with \$100,000.25.

And they are only offering \$80,000.

When next in your life will the odds of a positive outcome be in YOUR favour rather than the bank's ?

PS lol, then again - perhaps you're right - one bird in a penthouse or two birds in the bush, whatever that saying is

19. ## Re: 50/50/90 rule - do I hear people snicker?

It's like the odds bet at the craps table ..

When you play craps, the casino advantage for bets on the pass line is 1.4% i.e. for every \$100 bet, the casino keeps \$1.40 in the long run. If a number comes up first roll ( other than a natural or a crap out), you can then place an odds bet behind your first bet of at least the same value - and the casino gives you perfect odds. i.e. suppose the first roll is a four, and the chances of you winning (getting a 4 before you get a seven) is 1:2, then the casino pays you 2:1. It is a GIFT!! - one of the few in the casino , other than the cup of lousy coffee that the girl in the skimpy dress brings you

(i.e. 3 ways for two dice to come up with 4 , = 1+3, 2+2, 3+1
6 ways for them to come up with 7, = 1+6, 2+5, 3+3, 4+3, 5+2, 6+1
casino pays you 2:1 = perfect odds, ok)

So my question then is ... if you can't afford to put the odds bet down, - because you claim that's like putting all your eggs into one basket sort of thing - should you pack up and go home? - or hang around for the next chance to bet with 1.4% casino advantage?.

I'd answer that you'd be mad to hang around. If you can't afford to bet when the casino is effectively GIVING money away, (- correction - make that GIVING you free entertainment lol) then you can't afford to bet period.

PS Compare that to roulette wheel with 1/37 = 2.7% casino advantage (in Aus)
or 2/38 = 5.3% in Vegas where there is a "00" as well as an "0" - sheesh. now that is crazy.

Albert Einstein is reputed to have stated, "You cannot beat a roulette table unless you steal money from it."
http://www.aussiestockforums.com/for...d.php?p=175398

Say Vegas permits odds bet of 3 times your first bet, (although Reno is better, up to 10)

and you have choice of either .......

a) craps table, betting one \$10 chip per roll, and \$30 odds bet behind it - and hence you are betting, each hour, about
102 rolls x \$10 and in addition about 34 odds bets at \$30 = say \$2000 per hour, (casino advantage approx 0.47% based on post #11)

b) or roulette wheel, betting at the same rate, eg very approx \$70 per roll x 30 rolls of the "little wheel" per hour = \$2000 per hour (with "0" and "00", as they do in US, casino advantage is (2 / 38) = 5.26%!! ridiculous)

THEN
a) the craps would cost you \$14.40 per hour,

b) and the roulette would cost \$105.20 per hour !! (7.3 times more expensive.)

SUMMARY - you can bet for a week playing craps in Vegas, for the same probable loss as betting at the same rate at the roulette wheel - but for 1 day!!.

20. ## Re: 50/50/90 rule - do I hear people snicker?

Originally Posted by 2020
Say Vegas permits odds bet of 3 times your first bet, (although Reno is better, up to 10)THEN
a) craps would cost you \$14.40 per hour,
oops, but Aus is more expensive of course ( not permitting such large odds bets.)

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