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Flipping a Coin

 

  A coin flip is the easiest demonstration to understand. When you flip one there's a 1/2 chance it will be heads and a 1/2 chance it will be tails. The probability of it landing on its edge is negligible for a normal coin.  
     
  The probability that a coin flipped twice in succession will show heads twice is 1/2 x 1/2 = 1/4 . Thrice in succession 1/2 x 1/2 x 1/2 = 1/8 . So you see the more you flip heads the less chance of the same outcome on the next flip. So again if you flip a coin twice with heads the probability of heads on the third flip is 1/8 and the probability of anything but heads i.e tails on that third flip is 1 - 1/8 = 7/8. So there's a high chance of flipping tails on the third flip, bet on tails. And naturally the probability of either heads or tails on that third flip is 1/8 + 7/8 = 1 , so it has to be one of the two.  
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