Re: any successful stories of gambling using those math/stat theorems?
From: Richard Henry (rphenry_at_home.com)
Date: 12/26/04
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Date: Sun, 26 Dec 2004 09:07:48 -0800
"Mack" <macckone@a_nospamjunk123_ol.com> wrote in message
news:ehpts0115pde9aijmc6mcog3v38p087qh9@4ax.com...
> On Sun, 26 Dec 2004 00:34:55 -0600, "Kafir" <nospam@nospam.com> wrote:
>
> >
> >"kiki" <lunaliu3@yahoo.com> wrote in message
> >news:cqlkqs$dve$1@news.Stanford.EDU...
> >> Hi all,
> >>
> >> I recently learned a lot about gambler's ruin, random walks, and
gambling
> >> problems... I am wondering if these maths are really useful in Las
Vegas
> >and
> >> casinos... Can anybody telll some successful stories of gambling using
> >> math/stat as tools? I really need some motivation of learning deeper
> >> maths/stat about these gambling theories...
> >>
> >> thanks a lot!
> >>
> >
> >Yes, All of the games have probabilities calculated out and the odds are
> >know by the casino.
> >You can calculate them out to with math/stat/prob. but you can't change
the
> >game.
> >You can't really determine winning numbers.
> >You can determine which game has better payout with probability.
> > (all these lose money in the long run)
> >Blackjack - good
> >Roulette - odds are poor
> >and so on
> >
> Card counting works with blackjack
Proven true. However, you need to know how to work the system, find a
casino that is vulnerable (single deck, wide bet-amount tolerance), and not
get thrown out or arrested.
> Craps is a matter of knowing when to bet and when not
That is true only if you never bet.
> Roulette although it has poor odds is the only game where
> a group of mathematicians went in and broke the bank. It seems
> that they were able to calculate which numbers came up more often
> because the wheel is never 100% balanced. The story is rather
> famous I believe.
It has never been proven to be anything more than a way to sell books.
Anyone who thinks a roulette spin can be predicted doesn't understand the
variables involved. The legend is probably helped along by stories of
crooked wheels and friendly croupiers, as in the movie "Casablanca".
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