How high should the owner make a jackpot on a pull of 3 hearts if he wants the “house” (casino) to average 60 cents a play.

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4.56b One bet available in craps wins if a 7 or an 11 comes up on the next roll of two dice.
What is the probability of rolling a 7 or an 11 on the next roll?
Give your answer to 3 decimal places.

1) Is there a ‘gambling college’?

I heard there was a school in New Jersey where they actually teach people how to have advantage over casinos, and there is a such thing as ‘professional’ players, who make careers out of it, as well as big bucks and multimillion dollar homes. There are a few games, such as blackjack, poker and vid poker where some strategies can be applied (ie card counting, high betting, probability analyzing, etc). Maybe it can be learned somewhere, I mean, there’s enough gambling books to fill a library. It’s mathemathics, not ‘cheating’ and ‘busting’, that’s smoke and mirrors.

I tried googling “gambling college”, but its a ‘secret thing’, and certain ‘secret things’ don’t show up on google.

2) Can anybody show me how to count cards?

Thanks.

http://wizardofodds.com/askthewizard/232

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I would like opinions. Is the paper interesting? Do the results suprise you? Do you think people totally understimate the commonality of streaks? Do you think casinos capitalize on this belief? Can you get the results yourself ? If you think you can answer the question I would prefer it n the form the answer is m/2^20 and the value of m= ____, however if you give the answer as a percentage that is fine.
This is a challenge question. I do know the answer. I want people who enjoy mathematics to read my paper.
Ravindra, it’s not nearly that easy that it would be a power of 2. Try your technique on the easier problem and you won’t get the answer.
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Website: I suppose you could check out all million plus combinations by computer, but it would be a major problem if I ask you for the probability of a run of 10 in a row out of 1000 coin tosses. It would take some serious computer power.
As a hint, the answer for 5 out of 20 must be larger than the answer for 5 out of 10.
website: The answer for 5 out of 20 must be larger than for 5 out of 10 (220/1024), so the answer must be larger than 20%. If the answer is in the form m/2^20 ,then m must be larger than 200,000. Your answer of 564 is not in the correct ballpark. You should read the paper.
The probability of 5 heads or tails out of 5 coin tosses is 5/32=6.250% . So the solution at an absolute minimum has to be more than 6.250%.

My response, without trying to completely dismantle his faith, was that people are basically stuck with the cards that they are dealt, and that it’s up to them to make the best out of it. Some born rich, some born poor. Some come from abusive families, many come from loving families, regardless of faith.

Furthermore, the ole “I do this, and God does that” philosophy does not work. I used to be a devout (lol) craps Player at the casinos and there are alot of superstitions that are applied to the table (don’t let the dice hit the money, or hit the door) that seem to always come to pass, but at the end of the day, its all chance and probability. The superstition is only in our heads.

So my question is, not to say religion does not work in people’s lives, but the common denominator in humanity is that some people are good, some do bad things, some have wonderful lives, some have crappy lives regardless of faith/no faith god/ no god. An objective look would show that no religion/belief is improving lives more than another.
Is this a fair assessment?
(I need to check my grammar btw)

If all pairs have the same probability, what must be the probability of each pair (assuming that we distinguish between, e.g., “(1,2)” and “(2,1)”)?
Answer is 3 decimal places.

0.25*10 + 0.75*(-30) = 0
In other words, playing at this imaginary casino, will not win or lose you any money, on average. The win and loss ratio is balanced.

Things like love don’t have numbers or probabilities assigned to them. I’ve gone through a handful of relationships over the years, each time taking note of what I liked and disliked, then aiming for something more specific the next time around, until I’m satisfied enough that I can live with that person.

My standards, picky as they may become, are pretty much solid; anything less, and I wouldn’t enjoy my life with said person.

Issue with this, it brings much loneliness waiting long enough to find an already seemingly “rare” catch, plus the possibility of never finding someone.

Is it really worth looking for love, or would my time be better put into other areas of my life?
Yeah, my math was wrong…. it’s 4am ;P

Supposed to be:
75% chance to win $10
25% chance to win $30

0.75*10 + 0.25*(-30) = 0

It doesn’t matter, but I can just see someone picking on this -.-;
Since you can’t see beyond my analogy, I’ll apply it:

When you meet a random person, the chances of them being someone you’d like to be with is very slim.
For instance: 99% chance to find no one (No effect), 1% chance to find someone (+5)

0.99*0 + 0.01*5 = 0.05
0.05 > 0, therefore it’s worth it.

However, then factor in loneliness and whatnot, and it’s suddenly not so sure.

Disclaimers:
- It was an example, I’m not putting a “price” on love.
- Love doesn’t have numbers, anything here is made up for demonstrative purposes.
- Non-serious answers (spam) will be reported. I’m asking a serious question, I’m not sitting here so you can farm Yahoo! points.