gambling probabilities

(and Odds)

an easy to understand introduction to the basic probability reasoning in games of chance

 

"Never give a sucker an even break." - anon.

 

"'Say, is this a game of chance?'

'Not the way I play it.'" - W.C. Fields

 

Table of Contents

Introduction

Certainty

Uncertainty

Probability

Types of Probability

    Fixed or Unchanging Probabilities

    Semi-Probability / Semi-Uncertainty

Universe

Randomness (at Random)

The Very Small or Shrinking Universe

Probabilities vs. Odds

Fair Game

Odds as a Condition of Wagering

Coins

Lotteries and Raffles

Dice

Games, Odds, and Realism

Cards --- a general discussion

Poker: Probabilities and Odds on the Deal

Blackjack - a brief discussion

 

July 05

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