Archive for the 'Gaming Guru' Category

Playing It Smart: Does winning big in a casino prove you’re a good gambler?

Август 7th, 2008 -- Posted in Gaming Guru | No Comments »

Ralph goes to a casino once a month. He starts in January with $1,000, his loss limit. He wins $1,000, then quits. To put some numbers on the probability of this scenario, pretend he plays blackjack using perfect Basic Strategy and bets uniformly at $50 per hand. These conditions give him 46 percent chance of success. continue reading »

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