Probability, Gambling, and the House Edge
Probability, which is a branch of mathematics, is an integral part of gambling – from bingo to horse racing, and from slots (pokies) to blackjack, the probability of a particular outcome (or series of...
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The other day I was relaxing at home watching the television and playing a simple game of slots at the same time. The object of this game of slots is simply to get three gold bars – you don’t win...
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