Where do we encounter sequence of infinite events of which we would like to study probabilities?

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I have come across sequence of functions and numbers in the context of approximation theory and understand that a lot of theory of functional analysis came out with the idea to approximate solutions to partial differential equations.

In what contexts have people been curious to study/develop the theory of sequence of events - tossing of coin an infinite number of times or in some limit are not somethings I believe would motivate these kind of pursuits.

Do some mathematicians and others who use probability have a practical context to share in this kind of system modelling with properties of increasing, decreasing, countability, uncountability of sequences of events and their probabilities come into picture?

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There are very many applications of stochastic processes. To name a few, gambling, statistical sampling, insurance, communication networks, stock option pricing.