law of large numbers (1)

Subject to constant betting on + odds edge bets, profits are mathematically precise. The law of large numbers states that the mean of the results obtained from a large number of trials (bets) will get close to its expected value. This means that if we toss the coin many times, we should expect it to land heads and tails approximately the same amount of times, 50% heads, 50% tails

If we map out the different outcomes and their probability after 1,000 bets, we get the following bell-shaped curve:

With 1,000 bets there is a 7% risk that the distribution of heads and tails will be uneven