Main

  • Gambling mathematics

    Gambling mathematics

    • This piglix contains articles or sub-piglix about Gambling mathematics

    • Betting systems

    • This piglix contains articles or sub-piglix about Betting systems


      Wikipedia
    • Card shuffling

    • This piglix contains articles or sub-piglix about Card shuffling


      Wikipedia
    • Coin flipping

    • This piglix contains articles or sub-piglix about Coin flipping


      Wikipedia
    • Contract bridge probabilities

    • This piglix contains articles or sub-piglix about Contract bridge probabilities


      Wikipedia
    • Dice

    • This piglix contains articles or sub-piglix about Dice


      Wikipedia
    • Poker probability

    • This piglix contains articles or sub-piglix about Poker probability


      Wikipedia
    • Coin flipping

    • Coin flipping, coin tossing, or heads or tails is the practice of throwing a coin in the air to choose between two alternatives, sometimes to resolve a dispute between two parties. It is a form of sortition which inherently has only two possible and equally likely outcomes. The historical origin of coin flipping i ... Read »


      Wikipedia
    • Coupon collector's problem


    • Fair coin

    • In probability theory and statistics, a sequence of independent Bernoulli trials with probability 1/2 of success on each trial is metaphorically called a fair coin. One for which the probability is not 1/2 is called a biased or unfair coin. In theoretical studies, the assumption that a coin is fair is often made by ref ... Read »


      Wikipedia
    • Feller's coin-tossing constants


    • Gambler's fallacy


    • Gambling and information theory

    • Statistical inference might be thought of as gambling theory applied to the world around us. The myriad applications for logarithmic information measures tell us precisely how to take the best guess in the face of partial information. In that sense, information theory might be considered a formal expression of the theo ... Read »


      Wikipedia
    • Gambling mathematics

    • The mathematics of gambling are a collection of probability applications encountered in games of chance and can be included in game theory. From a mathematical point of view, the games of chance are experiments generating various types of aleatory events, the probability of which can be calculated by using the properti ... Read »


      Wikipedia
    • Kelly criterion

    • In probability theory and intertemporal portfolio choice, the Kelly criterion, Kelly strategy, Kelly formula, or Kelly bet, is a formula used to determine the optimal size of a series of bets. In most gambling scenarios, and some investing scenarios under some simplifying assumptions, the Kelly strategy will do better ... Read »


      Wikipedia
    • Lottery mathematics

    • Lottery mathematics is used to calculate probabilities in a lottery game. In a typical 6/49 game, each player chooses six non-duplicate numbers from a range of 1-49. If the six numbers on a ticket match the numbers drawn by the lottery, the ticket holder is a jackpot winner—regardless of the order of the numb ... Read »


      Wikipedia
    • Mathematics of bookmaking

    • In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The term originates from the practice of recording such wagers in a hard-bound ledger (the 'book') and gives the English language the term bookmaker for the person laying the bets and thus 'making the ... Read »


      Wikipedia
    • Miwin's dice


    • Probability of kill

    • Computer games, simulations, models, and operations research programs often require a mechanism to determine statistically whether the engagement between a weapon and a target resulted in a kill, or the probability of kill. Statistical decisions are required when all of the variables that must be considered are not inc ... Read »


      Wikipedia
    • Proebsting's paradox


    • Sucker bet

    • A sucker bet is a gambling wager in which the expected return is significantly lower than the wager(s). Variants include: For example, the chances of correctly guessing the order of the final 3 cards of Faro is usually 1 in 6, yet the bet only pays 4:1 or 5:1. Taking insurance in Blackjack is also often considered a ... Read »


      Wikipedia
    Wikipedia
  • What Else?

    • Gambling mathematics

Extras