Are you a rotten gambler or just plain unlucky? You seem to have hit on a winning system when woe and behold you are struck down by a really bad losing run and with it your confidence. So, were you just unlucky?
Probability Topics
Fair or unfair games – “Expectation”
One of the most valuable uses to which a gambler can put his knowledge of probabilities is to decide whether a game or proposition is fair, or equitable. To do this a gambler must calculate his ‘expectation’.
Equipartition
Some gamblers might he tempted to base staking plans on the theory that in any series of even-money events there must come a time sooner or later when the outcomes reach equipartition.
Understanding Combinations and Permutations
In 1665, three years after his death, Pascal’s famous arithmetical triangle was published. Pascal’s Triangle is a well known mathematical pattern.
Monkeys typing Shakespeare or even just the word “Hamlet”
It is frequently stated in books and articles on probability that if a succession of monkeys were set before a typewriter with limitless paper, eventually the complete works of Shakespeare would be repeated by chance.