A (possibly illegal) game of chance, which is described in Chap. 14 of Marc Elsberg’s thriller “GREED”, seems to offer an excellent chance of winning. However, as the gambling starts and evolves over several rounds, the actual experience of the vast majority of the gamblers in a pub is strikingly different. We provide an analysis of this specific game and several of its variants by elementary tools of probability. Thus we also encounter an interesting threshold phenomenon, which is related to the transition from a profit zone to a loss area. Our arguments are motivated and illustrated by numerical calculations with Python
Abstract: In the game ‘6 out of 45 ’ the gambler has to guess 6 different numbers out of 45. These g...
This paper presents a strategic model of risk-taking behavior in contests. Formally, we analyze an n...
A local analysis of a chance system recovers the properties of the totality by accumulating the chan...
Everyone has faced gambling in one way or another, whether it is dice or an entire casino. In ordina...
The traditional landscape of games of chance such as lotteries, betting, casinos and slots has becom...
The gambler’s fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chanc...
This paper presents an investigation into the properties of a stochastic process whereby the value o...
This note explores the mathematical theory to solve modern gambler’s ruin problems. We establish a ...
Games of chance are developed in their physical consumer-ready form on the basis of mathematical mod...
Cataloged from PDF version of article.2-player probability games is an important subject of probabil...
‘Chance all’ is a simple 3D6 dice game that explores a player’s attitude to risk vs reward. Strategi...
The betting industry has grown significantly but there have been no developments in creating a regul...
A decision maker observes the evolving state of the world while constantly trying to predict the nex...
When playing the popular casino game Blackjack, the odds of getting a “blackjack†are quite low. ...
The substitutability of different gambling products is an important concern for any jurisdiction con...
Abstract: In the game ‘6 out of 45 ’ the gambler has to guess 6 different numbers out of 45. These g...
This paper presents a strategic model of risk-taking behavior in contests. Formally, we analyze an n...
A local analysis of a chance system recovers the properties of the totality by accumulating the chan...
Everyone has faced gambling in one way or another, whether it is dice or an entire casino. In ordina...
The traditional landscape of games of chance such as lotteries, betting, casinos and slots has becom...
The gambler’s fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chanc...
This paper presents an investigation into the properties of a stochastic process whereby the value o...
This note explores the mathematical theory to solve modern gambler’s ruin problems. We establish a ...
Games of chance are developed in their physical consumer-ready form on the basis of mathematical mod...
Cataloged from PDF version of article.2-player probability games is an important subject of probabil...
‘Chance all’ is a simple 3D6 dice game that explores a player’s attitude to risk vs reward. Strategi...
The betting industry has grown significantly but there have been no developments in creating a regul...
A decision maker observes the evolving state of the world while constantly trying to predict the nex...
When playing the popular casino game Blackjack, the odds of getting a “blackjack†are quite low. ...
The substitutability of different gambling products is an important concern for any jurisdiction con...
Abstract: In the game ‘6 out of 45 ’ the gambler has to guess 6 different numbers out of 45. These g...
This paper presents a strategic model of risk-taking behavior in contests. Formally, we analyze an n...
A local analysis of a chance system recovers the properties of the totality by accumulating the chan...