Gaming Mathematics
The mathematics of gambling are a collection of probability applications encountered in games of chance and can be included in game theory. From mathematical point of view, the games of chance are experiments generating various types of aleatory events, the probability of which can be calculated by using the properties of probability on a finite space of events.
Read more about Gaming Mathematics: Experiments, Events, Probability Spaces, The Probability Model, Combinations, Expectation and Strategy, House Advantage or Edge, Standard Deviation
Famous quotes containing the words gaming and/or mathematics:
“Sir, I do not call a gamester a dishonest man; but I call him an unsocial man, an unprofitable man. Gaming is a mode of transferring property without producing any intermediate good.”
—Samuel Johnson (1709–1784)
“The three main medieval points of view regarding universals are designated by historians as realism, conceptualism, and nominalism. Essentially these same three doctrines reappear in twentieth-century surveys of the philosophy of mathematics under the new names logicism, intuitionism, and formalism.”
—Willard Van Orman Quine (b. 1908)