Definitions
from Wiktionary, Creative Commons Attribution/ShareAlike License.
 noun Plural form of
flip .  verb Thirdperson singular simple present indicative form of
flip .
Etymologies
Sorry, no etymologies found.
Examples

If you think of it with coin flips it might be easier.

And yet the coin flips are independent of each other.

Maybe it represents coin flips, and someone cheated, design.

Maybe it represents coin flips, and someone cheated, design.

And the last sentence is just wrong as a formulation; we do not expect individual coin flips to be 50: 50; we expect that over long series of flips, the ratio of heads to tails approaches unity
Matthew Yglesias » The Bitter Fruits of a FinanceOriented Economy

They would expect to raise $1,025,000 for every person who won the ten coin flips so they could profit by making the payout an even million.
St. Petersburg Paradox, Arnold Kling  EconLog  Library of Economics and Liberty

And the last sentence is just wrong as a formulation; we do not expect individual coin flips to be 50: 50; we expect that over long series of flips, the ratio of heads to tails approaches unity, the ratio of two successive heads appearing (as opposed to any possible sequence of heads and tails of length two) is onefourth of unity, etc.
Matthew Yglesias » The Bitter Fruits of a FinanceOriented Economy

The only place I can EVER find the flips is near the check out section ... and they stash them there ... and then of course you HAVE to toss some in!!

Because then strongly Democratic states with large numbers of electoral votes — like California and New York — have those electoral votes awarded on the basis of biased coin flips instead of automatically being awarded to the Democratic ticket.
Wolfram Blog : Analyzing U.S. 2008 Elections with Mathematica

The statespecific random swing factor determines which states have their electoral college votes allocated according to biased coin flips after the national random swing factor is applied.
Wolfram Blog : Analyzing U.S. 2008 Elections with Mathematica
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