Step-by-Step Calculation:
1. Probability of Player Winning 3 Hands in a Row:
- In Baccarat, assuming no ties (which simplifies the calculation), the probability of the Player winning a single hand is approximately \( P(\text{Player wins}) = 0.4462 \).
- Therefore, the probability of the Player winning 3 hands in a row is:
\[
P(\text{Player wins 3 in a row}) = (0.4462)^3 \approx 0.0862
\]
2. Conditional Probability of Banker Winning at Least 4 Hands:
- After the Player has won 3 consecutive hands, we are interested in the probability of the Banker winning at least the next 4 hands.
- The probability of the Banker winning a single hand, given that the Player does not win (assuming no ties), is \( P(\text{Banker wins}) = 1 - P(\text{Player wins}) - P(\text{Tie}) \).
- Given the Banker's advantage, \( P(\text{Banker wins}) \) is approximately \( 0.4586 \).
1. Probability of Player Winning 3 Hands in a Row:
- In Baccarat, assuming no ties (which simplifies the calculation), the probability of the Player winning a single hand is approximately \( P(\text{Player wins}) = 0.4462 \).
- Therefore, the probability of the Player winning 3 hands in a row is:
\[
P(\text{Player wins 3 in a row}) = (0.4462)^3 \approx 0.0862
\]
2. Conditional Probability of Banker Winning at Least 4 Hands:
- After the Player has won 3 consecutive hands, we are interested in the probability of the Banker winning at least the next 4 hands.
- The probability of the Banker winning a single hand, given that the Player does not win (assuming no ties), is \( P(\text{Banker wins}) = 1 - P(\text{Player wins}) - P(\text{Tie}) \).
- Given the Banker's advantage, \( P(\text{Banker wins}) \) is approximately \( 0.4586 \).