Establishes the chance of losing a run of bets over the sequence of a series of bets of specified length.
Inputs
Output

Example:
Q: A person places 500 bets per season, each with a losing probability of 46%. What are the chances of losing 10 or more bets in a row during the season?
A: 500 would be entered into the “Sequence Length” text box, 10 would be entered into the “Run Length” box and 47% entered into the “Loss Probability” box, this will show that the gambler with a 54% chance of winning also has a 10.677% chance of losing more or more bets in a row.