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  2. Gambling mathematics - Wikipedia

    en.wikipedia.org/wiki/Gambling_mathematics

    The mathematics of gambling is a collection of probability applications encountered in games of chance and can get included in game theory.From a mathematical point of view, the games of chance are experiments generating various types of aleatory events, and it is possible to calculate by using the properties of probability on a finite space of possibilities.

  3. Betting strategy - Wikipedia

    en.wikipedia.org/wiki/Betting_strategy

    A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system must change the house edge into a player advantage — which is impossible for pure games of probability with fixed odds, akin to a perpetual motion machine. [ 1 ]

  4. Card counting - Wikipedia

    en.wikipedia.org/wiki/Card_counting

    A blackjack game in progress. Card counting is a blackjack strategy used to determine whether the player or the dealer has an advantage on the next hand. Card counters try to overcome the casino house edge by keeping a running count of high and low valued cards dealt. They generally bet more when they have an advantage and less when the dealer ...

  5. The Mathematics of Games and Gambling - Wikipedia

    en.wikipedia.org/wiki/The_Mathematics_of_Games...

    The sixth chapter of the book moves from probability theory to game theory, including material on tic-tac-toe, matrix representations of zero-sum games, nonzero-sum games such as the prisoner's dilemma, the concept of a Nash equilibrium, game trees, and the minimax method used by computers to play two-player strategy games.

  6. Aces and eights (blackjack) - Wikipedia

    en.wikipedia.org/wiki/Aces_and_eights_(blackjack)

    The objective of blackjack is for a player to defeat the dealer by obtaining a sum as close to 21 as possible without accumulating a total that exceeds this number. [3] In blackjack, the standard rule is that if the player is dealt a pair of identically ranked initial cards, known as a pair, the player is allowed to split them into separate hands and ask for a new second card for each while ...

  7. Martingale (betting system) - Wikipedia

    en.wikipedia.org/wiki/Martingale_(betting_system)

    In this example, the probability of losing the entire bankroll and being unable to continue the martingale is equal to the probability of 6 consecutive losses: (10/19) 6 = 2.1256%. The probability of winning is equal to 1 minus the probability of losing 6 times: 1 − (10/19) 6 = 97.8744%. The expected amount won is (1 × 0.978744) = 0.978744.

  8. Jerry L. Patterson - Wikipedia

    en.wikipedia.org/wiki/Jerry_L._Patterson

    [2] [3] [1]: 51 In 1982, a lawsuit initiated by Ken Uston prohibited the Atlantic City casinos from barring card counters but allowed the casinos to establish new blackjack rules making it much more difficult to attain an advantage in the multi-deck shoe game, except for players willing to play to the long-term. Since most of Patterson's ...

  9. Blackjack - Wikipedia

    en.wikipedia.org/wiki/Blackjack

    Since blackjack occurs in approximately 4.8% of hands, the 1:1 game increases the house edge by 2.3%, while the 6:5 game adds 1.4% to the house edge. Video blackjack machines generally pay a 1:1 payout for a blackjack. [15] Dealer wins ties. The rule that bets on tied hands are lost rather than pushed is catastrophic to the player.