Re: any successful stories of gambling using those math/stat theorems?
From: kiki (lunaliu3_at_yahoo.com)
Date: 12/27/04
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Date: Sun, 26 Dec 2004 22:10:58 -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
> Craps is a matter of knowing when to bet and when not
> 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.
> Leslie 'Mack' McBride
> remove text between _ marks to respond via e-mail
That's great! Do you know the algorithm how they defeat the roulette and is
that technique still
applicable?
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