probability of x losers in n trials

Question

I am new here and I am not sure if this is the correct place to ask this question.

It seems like a simple probability question but I am stuck on it. It is a problem I am trying to solve.

Lets say I have 43 bets. The probability of a bet winning is 0.64. The probability of a bet losing is 0.36.

What is the probability that 29 of those 43 bets will be losing/losers?

I worked it out like this:

29 / 43 = 67% 0.36 * 67 = 24.12% chance that 29 of those 43 bets will be losing/losers.

But this seems very simplistic and incorrect to me. Because for example - when the number of bets goes up e.g. 43 goes up to 100 bets. The probability that 29 of those 100 bets losing goes down to say 10.44%. Which seems wrong to me. Because I think if the number of bets goes up, then the probability of losing a fixed number of 29 should also go up, as there are higher "chances" of losing.

Could you list the correct answer, working out and possibly a link where I can read to learn more.

I did read up on this, but there were so many ways of achieving this. I read about Binomial distributions etc, but the answers I kept calculating just seemed very wrong to me.

Many Thanks!

Answer 1

$${43 \choose 29} (1-.64)^{29} .64^{43-29} = 0.0000205822$$

Answer 2

Let's indicate with $1$ a victory and with $0$ a loss. We can create so a bijection between all the possible results of a series of $43$ bet and a binary number of $43$ ciphers. In particular, we are searching all of the binary number in this form:

$$\underbrace{1...1}_{14 \text{ times}}\underbrace{0...0}_{29 \text{ times}}$$

All of the possible permutations of this binary number are:

$$P_{(43,14,29)}=\frac{43!}{14!29!}$$

The probability of each permutation is:

$$p(P)=(0,64)^{14}(0,36)^{29}$$

This must be multiplied for the number of permutation. So the searched probability $p(E)$ is:

$$p(E)=p(P)P_{(43,14,29)}=(0,64)^{14}(0,36)^{29}\frac{43!}{14!29!}=0.002 \%$$

:)