If probability is a mathmatical assumption then can it be applied to gambling?

Answer 1

The laws of probability definitely apply to gambling. You just have to be careful in the application, avoiding things like the famous "Gambler's Fallacy." The Gambler's Fallacy, stated one way, is that if you go to a roulette table and watch a string of black numbers come up on the wheel, you should (supposedly) get in the game and bet red because red's more likely to come up next. After all, the thought goes, if red and black both have equal odds of winning, isn't red overdue?

The answer, of course, is no, and you can find more about it at the link below. In general, though, remember that probability describes long-term trends better than it describes immediate events. If you're playing blackjack, and you mentally count that there's only a 1 in 30 chance that the dealer might have that Ace of Clubs, it's probably a good strategy to assume that he doesn't -- but he still might have it. And the next time, he might have it again.

Also remember that the games are built so that the house always has an edge in the long-term. Do your research! Find out which games have the lowest house edge percentage. Blackjack is reportedly a good choice, especially if it's single-deck blackjack. Craps is also good, if you learn enough about the game to avoid the sucker bets. Silberstang's book "Winning Casino Craps" is a good primer on the game. (Any good gambling book should include a healthy description of the odds of the game.) Stay away from the roulette wheel and the keno. And poker is, well, poker -- it's a special case because you're not playing against the house.

Hope that helps!

Answer 2

Unlike creationists that suppose they may be able to simply plugin numbers till they get the reply they wish, I might have got to arise with a fair set of assumptions and justifications for seeking to calculate a possibility for this as good as a exact disclaimer highlighting the assumptions made. However, it must be transparent that if an all strong god existed, then speakme the the whole lot into life might have a prime possibility. Of path, the obstacle is what's the possibility that an all strong god exists. Obviously, if an all strong god might exist on its possess, it's infinitely much more likely that topic and power might even have consistently existed. Further, there are different attributes of this god that we might have got to don't forget, for illustration, if god used to be an all realizing god, how does this final result the possibility that it might "layout" the whole lot find it irresistible is. From a informal perspective the reply might be most probably while a larger expertise of the universe might recommend that that is incredibly implausible. We might pass on, however it looks to be an endeavor in futility until we had a few very particular information at the "god", its attributes and motivations. If we seem on the Christian variant of god, it's transparent to peer that it's contradictory in its attributes and alleged movements and that its alleged movements don't seem to be supported through proof so at high-quality the possibility is zero. And, only for average competencies, any claims approximately the possibility of evolution must be dealt with with severe skepticism as there are approach too many assumptions that might have got to be made as a substitute than depending on identified tips.

Answer 3

Of course! The very first studies in probability were done BECAUSE of gambling. People wanted to know how to beat the system and win a game of chance... and probability theory was born.

Answer 4

The game of gambling is based on matmatics only though its comes in handy when you play jackpot(bank) in cards or poker....
In flash its the expression which works

Answer 5

When it comes to gambling everything applies.

Answer 6

Absolutely. The "games of chance" have the probabilities working in favor of "the house". In the long run the house always wins.....

Answer 7

Yes

Answer 8

Absolutely!

Answer 9

Gambling is applied probability.
See http://wizardofodds.com/askthewizard/probability-faq.html

Answer 10

probability can be applied to gambling only if your right!
probability can be unpredictable, even if it is a small game