Gambling US granny wins $10 million on slot machine
NEW YORK — A five-cent slot machine in Atlantic City disgorged a 10-million-dollar windfall for an 84-year-old US grandmother who promptly received four marriage proposals, according to reports yesterday.
Josephine Crawford had lost 35 dollars in the machine and was down to the last of her modest stake money when she hit the jackpot on Tuesday […]
Standard deviation
The luck factor in a casino game is quantified using standard deviation (SD). The standard deviation of a simple game like Roulette can be calculated using the binomial distribution. In the binomial distribution, SD = sqrt (npq ), where n = number of rounds played, p = probability of winning, and q = probability of […]
...read moreHouse advantage or edge
Casino games generally provide a predictable long-term advantage to the casino, or “house”, while offering the player the possibility of a large short-term payout. Some casino games have a skill element, where the player makes decisions; such games are called “random with a tactical element.” While it is possible through skilful play to minimize the […]
...read moreMan bans himself from casino for 100 years
TIRANA — An Albanian national has barred himself from entering the Regency Hyatt Casino in Tirana for 100 years, local media reported yesterday.
The 42-year-old filled out a form before surprised casino employees barring himself from entering the gambling venue.
His motive was unknown — whether he wanted to avoid tempting a gambling addiction, or whether he […]
We have to put our money where our mouths are
KNEW Indians were successful at running casinos on their reservations, but I didn’t know they were so good at lobbying. This came out when it was revealed that Tom DeLay and his family and friends took a trip to England and Scotland, paid in part by Indians. How did this come all about?
A group of […]
Disgraced lobbyist Abramoff gets 6 years jail for Miami fraud
MIAMI — Jack Abramoff, a disgraced lobbyist at the heart of a Washington influence-peddling scandal that has rattled top Republicans, was sentenced to nearly six years in prison yesterday for fraud in the purchase of a Florida casino cruise line.
Abramoff, who is cooperating in a federal investigation into whether Washington politicians gave his clients favorable […]
The probability model
A probability model starts from an experiment and a mathematical structure attached to that experiment, namely the space (field) of events. The event is the main unit probability theory works on. In gambling, there are many categories of events, all of which can be textually predefined. In the previous examples of gambling experiments we saw […]
...read moreCombinations
Games of chance are also good examples of combinations, permutations and arrangements, which are met at every step: combinations of cards in a player’s hand, on the table or expected in any card game; combinations of numbers when rolling several dice once; combinations of numbers in lottery and bingo; combinations of symbols in slots; permutations […]
...read moreExpectation and strategy
Games of chance are not merely pure applications of probability calculus and gaming situations are not just isolated events whose numerical probability is well established through mathematical methods; they are also games whose progress is influenced by human action. In gambling, the human element has a striking character. The player is not only interested in […]
...read moreCasino firms punt on Asian love of gambling
SINGAPORE - Once a month, investment banker Joe and three of his friends drive an hour from Kuala Lumpur to the hilltop resort of Genting for an extended lunch of a different sort — playing roulette.
They gamble for four hours and make it back to the Malaysian capital in time for dinner, their wives and […]