Gambling Mathematics: Why Will The Casino Win in the Long Run

Gambling in a casino and winning once or twice might hook you, but if you play often, there is a very small chance that you would win. Why? Because the games are mathematically designed for the casino to win. To make it simple, let us use a simple die game for our discussion.  Two dice […]
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The Experimental and Theoretical Probability Series

Last week, we have completed the 5-part Experimental and Theoretical Probability Series. To those who have not read it, below is the list of posts. Experimental and Theoretical Probability Part 1. This post discusses about the sum of the number of dots of two rolled standard cubical dice.  A spreadsheet is used to simulate the […]
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Experimental and Theoretical Probability 5

This is the fifth and the final part of the Experimental and Theoretical Probability Series.  In this post, we are going to summarize what we have discussed in the previous four posts, and we are going to talk about some  real-life applications of experimental and theoretical probability. Experimental Probability, as we have discussed in the […]
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