LAW OF AVERAGES, odds , probability,? - XP Math - Forums

 XP Math - Forums LAW OF AVERAGES, odds , probability,?

 08-04-2007 #1 crackpot707 Guest   Posts: n/a LAW OF AVERAGES, odds , probability,? how does the laws of averages work ?i keep losing at blackjack and other casino games ?i keep asking pro's how to win , and they just say i cant win untill i understand what this means ????????????
 08-04-2007 #2 Mr Sceptic Guest   Posts: n/a There is no such thing as the law of averages.All casino games are weighted in favour of the casino.Take a simple case - roulette - red or black bet pays out at evens - this suggests that the of red or black probability should be 0.5.But wait, what's that? It's the green zero. So the probability of red coming up is slightly less than 0.5 (it's 18/37 = 0.486).That difference means that in the long run you can never win.All events in casino games are chance ones. All payouts are at slightly less than they should be if payouts were determined solely by the probabitity of the event. This means that the casino will always win in the long run, and that the punter never can.

 Thread Tools Display Modes Linear Mode

 Posting Rules You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Forum Rules
 Forum Jump User Control Panel Private Messages Subscriptions Who's Online Search Forums Forums Home Welcome     XP Math News     Off-Topic Discussion Mathematics     XP Math Games Worksheets     Homework Help     Problems Library     Math Challenges

All times are GMT -4. The time now is 04:15 PM.

 Contact Us - XP Math - Forums - Archive - Privacy Statement - Top