Section · 20 pages
Mathematics
Probability, expected value, variance and the long run, each with a plain-English answer first and the formula second.
- 01Roulette Probability
- 02House Edge
- 03Expected Value
- 04Variance
- 05Standard Deviation
- 06Probability of Streaks
- 07Gambler's Fallacy
- 08Independent Spins
- 09Risk of Ruin
- 10Expected Loss
- 11Long-Run Convergence
- 12Roulette Probability Table
- 13Kelly Criterion and Roulette
- 14Expected Value of Call Bets
- 15Session Length and Cost
- 16Problem · The Birthday Wheel
- 17Problem · How Long Until Zero
- 18Problem · Two Dozens and a Chip
- 19Problem · The Table Limit
- 20Casino Promotions and Rebates