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Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or the vig) is the fee charged by a bookmaker for accepting a gambler's wager. In American English , it can also refer to the interest owed a loanshark in consideration for credit.
In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The phrase originates from the practice of recording such wagers in a hard-bound ledger (the 'book') and gives the English language the term bookmaker for the person laying the bets and thus 'making the book'.
Example of the optimal Kelly betting fraction, versus expected return of other fractional bets. In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a sequence of bets by maximizing the long-term expected value of the logarithm of wealth, which is equivalent to maximizing the long-term expected geometric growth rate.
The championship was the fifty-eighth season of Formula 2 racing and the eighth season run under the FIA Formula 2 Championship moniker. Formula 2 is an open-wheel racing category serving as the second tier of formula racing in the FIA Global Pathway. The category was run in support of selected rounds of the 2024 Formula One World Championship.
No Formula 2 graduates joined the Formula One grid at the start of 2024; however, three drivers made in-season debuts. Oliver Bearman, who finished sixth in the 2023 Formula 2 Championship, competed in races for Ferrari and Haas in his capacity as a reserve driver for both teams. He is set to make his debut as a full-time driver with Haas in 2025.
A formula editor is a computer program that is used to typeset mathematical formulas and mathematical expressions. Formula editors typically serve two purposes: They allow word processing and publication of technical content either for print publication, or to generate raster images for web pages or screen presentations.
The V.P.A.M. brand was first used in 1994 when the fx-991S and other scientific calculators from the "S" series were released in Japan. In 1998, the Casio fx-991W model used a two-tier (multi-line) display and the system was termed as S-V.P.A.M. (Super V.P.A.M.).
Plot of probit function. In probability theory and statistics, the probit function is the quantile function associated with the standard normal distribution.It has applications in data analysis and machine learning, in particular exploratory statistical graphics and specialized regression modeling of binary response variables.