The formula
for calculating expected losing sequences is as follows:
1 divided by (Losing Strike
Rate divided by 100) to the power of 'number of run of
outs'.
Important note: The Losing
Strike Rate is 100 minus the Win Strike Rate.
Here is an example for
a system with a winning Strike Rate of 28% to see how
often you should experience a sequence of, say, 14 losers
in a row:
=1/(78/100)^14
=1/.78^14
=99.35
=99 (rounded)
The "conclusion"
is therefore that every 99 bets you may expect to see
14 losers in a row.
