As a statistician I refuse to gamble. I understand the futility of it. The law of large numbers guarantees you will go bankrupt against the house in all games except poker (or its derivatives).
I attempt to explain this to everyone. It is a popular subject here in Ct as we have two very large Casinos in state. These casinos prey upon the less mathematically inclined. My explanations get shrugged off as virtually everyone seems to think there are ways to beat craps, blackjack (besides counting), and roullette. They seem to get confused by "raising the odds" and "beating the odds".
So my question is, do any of you mathematically inclined people, who understand the laws of probability, and how gambling works, actually gamble?
2006-09-06
07:54:14
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13 answers
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asked by
managuense
1
in
Mathematics