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http://www.quantwolf.com/calculators/recurrencetime.html

The expected number of runs for 2 consecutive heads or tails is 3. Is there an edge if we place a progressive bet of consecutive appearance of H or T only after pattern HTH or THT appears? Or is prob=0.5 always?

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why is the link there? –  user31280 Oct 31 '12 at 13:18
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The probability is allways 0.5. This is independent of the previous pattern.

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