Math behind Minecraft Redstone Torches Burning Out?

So, I know that redstone torches burn out, and according to the Minecraft wiki, there is some maths behind this. Unfortunately, the MC wiki isn't very descriptive (and mixes redstone ticks with game ticks), and I want to know this:
 What are the conditions for a redstone torch burning out, and what is the probability (if any) that it will do so once the conditions are met.
 What are the conditions for a burntout redstone torch recovering, and what is the probability that it will do so...
If you use "ticks" in your answer, please say whether you're talking about redstone ticks or game ticks, otherwise it'll get really confusing...

A redstone torch will burn out if it pulses (on then off) 8 times in 100 game ticks (5 seconds)
The torch will come on again if it receives an update from either a block or a random game tick (which occur approximately every 30 seconds). However, you must wait until there have been less than 7 pulses in the last 100 game ticks before it can be turned on again.