Thorn
Member
One of the first things we teach in Statistics is probability, and gambling odds (dice and cards) are good tools to use as recognizable examples. Beyond that my interest in gambling/gaming is pretty much nil. There's just so much else I'd rather spend my time and money on and I really don't understand the attraction that this activity has. There seem to be plenty of people who expect the odds to turn in their favor, but other than the few who are able to intelligently calculate probability and act accordingly, most base their hopes on nothing more than sheer superstition and, need I say it, hopeful greed.
When I was a student a few of us went to a conference (my first) and one of the sponsored activities was an evening at the racetrack. I think it was Assiniboia Downs. We were so poor that four of us went in together on each $2. bet. I don't think we broke even, but nobody lost much either. It was interesting to see who might develop a problem with gambling given the opportunity, though.
When I was a student a few of us went to a conference (my first) and one of the sponsored activities was an evening at the racetrack. I think it was Assiniboia Downs. We were so poor that four of us went in together on each $2. bet. I don't think we broke even, but nobody lost much either. It was interesting to see who might develop a problem with gambling given the opportunity, though.