Q: If you place 500 wagers per betting season, each losing with probability 46%,
what is the likelihood of losing 10 or more wagers in a row at some point during
A: Enter 500 in the "Series Length" text box, "10" in the "Streak Length" text box,
and 47% in the "Loss Probability" text box. Clicking "Calculate" we see that over
a stretch of 500 wagers, a bettor who wins with probability 54% has a 10.677% probability
of losing 10 or bets in a row.