Monthly Archives: November 2010

The roulette wheel of fortune

The game of roulette is a wheel of fortune, unfortunately not for you but rather for the casino. Why? Five words – the law of large numbers. The people running the casino know these five words and their implication. They … Continue reading

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One gambling problem that launched modern probability theory

Chevelier de Mere (1607-1684) was a gentleman gambler in France who made it to the history book by turning to Blaise Pascal, an eminent mathematician of his time, for help in finding a mathematical answer for why he consistently lost … Continue reading

Posted in Probability | Tagged , , , , , , , | 1 Comment