Articles About Probability

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Top Reasons You’re Always Choosing The Wrong Odds

Top Reasons You’re Always Choosing The Wrong Odds

Jonathan September 25, 2024 16:59:19

Perhaps because betting by nature is mostly reliant on luck, many players fail to take into account the odds. However, by understanding the odds, you'll be in a better position to make bets that have a greater chance of winning. Having said that, many players still insist on making bad bets.

The Truth About Sports Tipsters – Do They Offer Value For Money?

The Truth About Sports Tipsters – Do They Offer Value For Money?

Jonathan February 27, 2024 18:32:16

If you're looking for the truth about sports tipsters, then remember that luck plays a significant role in short-term outcomes, often influencing results unpredictably. However, over the long term, skillful analysis, informed decision-making, and strategic betting strategies can be more reliable indicators of success.

Top Sports Betting Hacks To Increase Your Winnings

Top Sports Betting Hacks To Increase Your Winnings

Jonathan January 23, 2024 12:39:42

In truth, there will always be a level of unknown when it comes to selecting winners when sports betting. However, by utilising some clever sports betting hacks, it's perfectly feasible to gain an insight and better understanding of the odds, sportsbooks, and sports themselves. All these factors, when combined, will give you a better stab at creating profits from your sporting wagers.

What Do Forex Trading And Gambling Have In Common?

What Do Forex Trading And Gambling Have In Common?

Jonathan December 18, 2023 13:25:37

When it comes to gambling at the casino and forex trading, there's not a lot between them. In reality, they both involve taking risks and gambling on a unknown outcome. However, though many casino games rely soley on luck, making trades with Forex does involve both strategic thinking and looking back at previous results.

An Essential Guide To The Random Number Generator

An Essential Guide To The Random Number Generator

Jonathan December 11, 2023 21:28:29

You might be surprised as to how many gamblers beleive that the casino games are somehow rigged in favour of the casinos themselves. In reality, this is not true in the sense that the games are somehow programmed to allow the casino to make more money. In truth, all casino games are completely random, and this is contrallered by the random number generators.

Using Expected Value To Win At The Online Casino

Using Expected Value To Win At The Online Casino

Jonathan October 27, 2023 17:27:53

Many casino players are bettors of habit, meaning they tend to place the same bets over and over, no matter whether they're playing poker, roulette, or blackjack. If this is you, then you can estimate your future winnings using the concept of expected value.

Best Ways To Increase Your Probability Of Winning At The Casino

Best Ways To Increase Your Probability Of Winning At The Casino

Jonathan October 17, 2023 17:54:26

With every casino game, whether in a land-based casino or online, has its odds stacked against you. In real terms this means it's hard for any player to make a profit in the long run. But there are a number of different ways to help increase your probability of winning at the casino.

The Kelly Criterion – A Mathematical System For Sports Betting

The Kelly Criterion – A Mathematical System For Sports Betting

Jonathan September 7, 2023 11:27:29

It's an interesting paradox; we all know that sports betting revolves around odds, yet many sports bettors are themselves afraid of mathematics. Using the popular Kelly Criterion sports betting system does require some knowledge and understanding of math. It's not difficult, but you will have to sit down to learn and then practice to become competent with its use.

How To Become A Professional Online Casino Gambler In 2023

How To Become A Professional Online Casino Gambler In 2023

Jonathan August 11, 2023 21:24:24

Playing online casino games for fun and kicks is a very different venture than if you're trying to make a living from gambling like a true professional. Not only do you need a sizable bankroll to get started with, but a huge number of skills, as well as a fair share of luck. Most important, you'll need a winning mindset. This has to be cultivated over time with lots of expereince and trail and error.

Your STD Probability

Your STD Probability

Jonathan January 9, 2020 14:15:02

You just got the awkward phone call from your Friday night conquest and your mind is already racing. All you can think about is your STD probability.

The Time to Solve a Rubik’s Cube with Random Moves

The Time to Solve a Rubik’s Cube with Random Moves

Jonathan December 31, 2019 13:53:30

Can you solve a Rubik’s Cube with Random Moves? It could take awhile. There are so many variables, that we need to first set some parameters. Between being extremely lucky and solving it quickly, to working on it forever. A perfectly random scrambled Rubik's cube has 43,252,003,274,489,856,000 (quintillion) possible positions. And they all have an equal probability.

The  Monty Hall Problem

The Monty Hall Problem

Jonathan December 7, 2019 11:55:18

The Monty Hall problem is a probability puzzle named after Monty Hall. He was the host of a US TV show called "Let's Make a Deal". On the face of it, this is an absurd paradox and many people simply refuse to believe the answer.

GTECH Announces Very Good First Quarter Despite Drop in Revenue

GTECH Announces Very Good First Quarter Despite Drop in Revenue

Tom S. May 14, 2014 04:34:56

iGaming software and services provider GTECH has announced what it sees as a “very good” first quarter, despite revenue for the first 3 months of 2014 dropping year on year. While reported revenue of EUR 781.3 million – down from EUR 797.5 million in 2013 – the operator of lottery and online gambling sites in […]

Italian Growth Doesn’t Halt Probability Losses

Italian Growth Doesn’t Halt Probability Losses

Tom S. January 28, 2014 18:01:05

Mobile casino games company Probability have suffered a 13% drop in their year on year net gaming revenue, despite significant growth in their Italian operations. Probability are most famous for their Lady Lucks mobile casino, but are more familiar in Business to Business circles. Indeed, their integrated mobile casino and gaming technology – including their […]

Survey Reveals British Players Prefer Mobile Gambling

Survey Reveals British Players Prefer Mobile Gambling

Monica E. January 16, 2014 16:16:16

Mobile gambling industry experts are invited to a webinar organized by Probability. A recent study conducted by mobile company Probability shows 87% of British online gamblers would recommend mobile casino games to their friends, family and colleagues. Almost 27% of the gamblers who took the survey said they play or bet on their mobile phones […]