Simple mathematical Statistics for gamblers

Simple mathematical Statistics for gamblers

All gambling, for example, playing cards, table games, poker, slots, roulette, are set up according to some mathematical law, so that in the long run the casino wins (house edge). In spite of that, players and serious gamblers spend a lot of money in the belief that they can win. The probability that a given round may be a win can be calculated and is known by the house. Professional gamblers and other serious players develop patterns of behavior and even theories that range from superstition to true mathematics.

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