Many people mix up odds and probability at casino tables. These words sound the same but mean different things. Knowing both helps you play smarter. The math behind them changes how much you win and ...

Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...

Gambling can push one's capacity for hope to the limit, but even after suffering loss after loss, some gamblers will insist that they should keep playing because they are due for a lucky break. The ...

Some of you may know that I recently wrote a fairly short, simplified book on probability with the help of Professor Justin Conrad from the University of Georgia called Probability and Statistics The ...

Milad Haghani does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

Have you ever wondered why casinos consistently profit despite occasional big payouts? The answer lies in mathematics. Behind every spin of the roulette wheel, shuffle of cards, or roll of dice exists ...

David and Andrew had a debate about probability this afternoon, as the Welshman claimed that he had come up with a way to guarantee success when gambling. The minister explained a way of betting on ...