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The Mathematics of Games of Chance

Topic closed. 1 reply. Last post 10 years ago by Thoth.

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Raven62's avatar - binary
New Jersey
United States
Member #17843
June 28, 2005
51255 Posts
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Posted: November 14, 2006, 11:24 am - IP Logged

As Louis Bachelier wrote in 1914, "It is almost always gambling that enables one to form a fairly clear idea of a manifestation of chance; it is gambling that gave birth to the calculus of probability; it is to gambling that this calculus owes its first faltering utterances and its most recent developments; it is gambling that allows us to conceive of this calculus in the most general way; it is, therefore, gambling that one must strive to understand, but one should understand it in a philosophic sense, free from all vulgar ideas."

A mind once stretched by a new idea never returns to its original dimensions!

    Thoth's avatar - binary
    Findlay, Ohio
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    May 28, 2004
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    Posted: November 16, 2006, 12:17 pm - IP Logged

    Interesting.........

    Let P equal the certainty of success and T equal the number of tries.  As T approaches infinity, the closer P is to 100%

    ~Probability=Odds in Motion~