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Luck, Logic, and White Lies: The Mathematics of Games, Joerg Bewersdorff, 2004, ISBN 1568812108, 121-134 You flip a fair coin 20 times and it comes up heads every time. What is the probability it will come up tails next time? (Answer: 0.5) I'm so glad that Bodog has added Mac compatibility. Before this I can't tell you how many casinos I tried where the run-in-your-browser Java or Flash software allegedly worked on Macs but didn't. I didn't try all the one that purported to work on Macs because Ie gave up after the first several didn't work. I couldn't get no-download versions to work from Captain Cooks, Unified Gaming, InterCasino, Sands of the Caribbean (CryptoLogic), or Roman Palace. Strike It Lucky casino finally acknowledged to me via email that their games don't really run on Macs, though months later their website still proudly (and falsely) claims that they do. Fortunately there's now an alternative. (visit Bodog) The Theory of Gambling and Statistical Logic, Richard A. Epstein, 1977, ISBN 012240761X, 215-251 Surrender: Forfeit half the bet and give up the hand. Surrender was common during the early- and mid-20th century, but is no longer offered at most casinos. [edit]
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If you're just starting to get hooked on Roulette online, there are a few things to consider. First, remember that Roulette started in France and most things do not survive a trans-Atlantic journey without some change. This means that today there is European Roulette and American Roulette. They are virtually identical except that American wheels have one extra space, a double zero, and thus the odds of winning on a European wheel are slightly better. This is the fallacious step in the argument. If the coin is fair, then by definition the probability of tails must always be .5, never more (or less), and the probability of heads must always be .5, never less (or more). While a run of five heads is only 1 in 32 (0.03125), it is 1 in 32 before the coin is first tossed. After the first four tosses the results are no longer unknown, so they don't count. The probability of five consecutive heads is the same as four successive heads followed by one tails. Tails is no more likely. Each of the two possible outcomes has equal probability no matter how many times the coin has been flipped previously and no matter what the result. Reasoning that it is more likely that the next toss will be a tail than a head due to the past tosses is the fallacy. The fallacy is the idea that a run of luck in the past somehow influences the odds of a bet in the future. The term originally meant a small villa, summerhouse or pavilion built for pleasure, usually on the grounds of a larger Italian villa or palazzo. There are examples of such casinos at Villa Giulia and Villa Farnese. During the 19th century, the term casino came to include other more public buildings where pleasurable activities, including gambling and sports, took place. An example of this type of building is the Newport Casino. Eventually this term in Italian now designates a bordello (also called "casa chiusa" literally "closed house"), while the gambling house is spelled casino with an accent. The right to begin having been ascertained, the banker takes his place midway down one of the sides of an oval table, the croupier facing him, with the waste-basket between. On either side the banker are the punters (ten such constituting a full table). Any other persons desiring to take part remain standing, and can only play in the event of the amount in the bank for the time being not being covered by the seated players. Hold 'em is to stud what chess is to checkers. - Johnny Moss You flip a fair coin 20 times and it comes up heads every time. What is the probability it will come up tails next time? (Answer: 0.5) [edit] Jacks or Better Deuces Wild
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