For questions about the mathematics behind gambling, such as the expected value of a game or the efficiency of a gambling strategy.
Questions tagged [gambling]
598 questions
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Dynamic loss chance in gambling
I had a bit of a thought experiment today to which I don't know that answer to myself so I hoped someone here could enlighten me.
Let's say we toss an idealized coin, the result being either $0$ or $1$ with equal probability. There are exactly 100…
uncanny
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Gambler's ruin: Probability heads exceed tails by $X$ or more as $N$ increases.
I have a question similar to, but different from, the martingale problem.
Assume you are a gambler willing to bet, say, $10\%$ of whatever amount you start with on a fair coin toss. Then, if at any time the number of tails (losses) exceeds the…
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Betting on a coin flip
SETUP
I am allowed to make a bet on the odds of a coin flip. The coin is a normal metal coin, is not weighted in any particular direction, and I can bet as much or as little as I'd like, and I can bet on either side of the coin. For example, I can…
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Calculate slot machine game multiplier
I'm developing a slot machine game with 5 slots, each slot has 6 options (pear, lemon, ..., etc.).
Each spin, 5 random values get generated, one for each slot, making the slots spin to the option bound to their random number. When 3 or more…
Bram
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Changes to Blackjack Basic strategy when winning with 5 cards pays double
OK, so take a game of blackjack, but if you win with 5 or more cards in your hand, you win double what you normally would.
How would I go about adapting basic strategy to account for this? My thinking is that adapting to anything when you have <= 3…
pingu2k4
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A gambling system
I was just thinking about something to do with gambling, and it occurred to me that surely you could guarantee success at a gambling game in the long run if you set aside profits.
Allow me to explain. Say you had 4 betting units.
If you were to flat…
Roskiller
- 617
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Odds and Betting Calculation
I need a formula to convert betting results into odds, I am trying to work out if a tipster is profitable or not.
For example if the average odds were 5.0 and the tipster was correct 1 in 5 times that would mean they would be losing (assuming the…
davidjwest
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Does a second chance ticket have any value?
If someone buys a ticket in a lottery and that ticket wins another ticket (in the same lottery), does the recipient have two chances at winning the jackpot or one?
Rimian
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Betting Strategy on 45/55 game with free money that restricts cash out
Suppose you have 1000 and are playing a betting game where you have 45% chance of winning your betted amount and 55% of losing your betted amount (e.g. bet 500, win or lose that amount). If your opponent was to offer you an additional 1000 to your…
nanerror69420
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