The flip itself is even, but the payout is slightly below 2x, which is where the house edge comes from.

Do streaks mean anything?

No. Each flip is independent, so a run of tails does not make heads more likely.

Can I double up after a loss?

You can, but progression betting does not change the edge and can hit your balance limit quickly.

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Heads or tails at 1.98x.

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Coin Flip

Heads or tails at 1.98x.

Pick heads or tails and place your bet. A correct call pays just under 2x, with the shortfall being the house edge.

Multi-flip variants require every flip in the sequence to land your way, which multiplies both the payout and the risk.

Is it exactly 50/50?: The flip itself is even, but the payout is slightly below 2x, which is where the house edge comes from.
Do streaks mean anything?: No. Each flip is independent, so a run of tails does not make heads more likely.
Can I double up after a loss?: You can, but progression betting does not change the edge and can hit your balance limit quickly.