I'm not an expert so I would like your help by answering me a few questions if you can.
Let's say we could gain access to a casino's archives and retrieve their records for all the tables,from the beginning of their operation.
Would that kind of information be practical useful??
Let me give you a hypothetical example in order to become less vague.
For example we see on these records that there are 12 streaks of 10 consecutive EC on 100,000 results.
Would be right to assume on the next 100,000 results would happen again 12 streaks of 10 consecutive EC events?
Also we could notice that between those streaks an average of 9,000 results occur,would this fact be sufficient to assume that we could use a martingale bet of 11 steps for let's say 7,000 results (less than 9,000) ?
Then stop and after the streak of consecutive EC happens,we start all over? Would that be correct assumption?
We could also assume that since a streak of 10 consecutive EC out of 100,000 results more rare than a streak of 7 in the same amount of results,we could use a the smaller streak (of 7) as an indicator of exit strategy.
Would that be correct? If streaks of 7 ECs in a row are more frequent than streaks of 10 ECs in a row,we should expect the shorter streak to happen before the larger one,right??
Thank you in advance for your answers