Heads or tails coin toss, what are the odds?

Well I managed to flip heads for 7 consecutive times and the odds of this are slim but not impossible. Some people will use these stats to make poor gambling decisions. Many will take a break even zero house edge game like heads or tails and turn it into something with a built in house edge that goes against them. This only proves that most people just can’t think or think for themselves.

So what are the odds of getting 7 heads in a row? Would you bet against it? I wouldn’t unless I had a house edge somewhere with an incentive. The odds are 1/2 to the exponent 7. If you work this out it is just a not a good number but probably the same number it takes to win at keno, a progressive slot or a jackpot when playing online slots.

Just know the odds are against you but there is absolutely no house edge or advantage when flipping coins. Also the previous result has no effect on the next result or the future result and this is where people will bet more money ‘knowing’ they are right.