Gerolamo Cardano (1501 - 1576).
Predicting the weather and gambling
People often look at the expected value of the outcome rather than only the winning probability. So with bigger prizes, the probability of winning can be lower and still remain attractive. Many people experience a buzz out of gambling and it can be very addictive. Also, there are some games where the probability of winning can be increased - legally. A good poker player, for example can expect to win at a table full of less expert players.
Americans spend over 54billion dollars annually on gambling!
statistics
No, it does not.Some say it contradicts the 'Christian way of life', but there is most definitely nothing specifically condemning gambling.
ratio and gambling
It is gambling and pure luck! If it was pure math, you can bet there would be some very rich mathematicians walking around!
Your "odds" are your likelihood or probability of winning.
Predicting the weather and gambling
=Probability is used in many ways.==For example:==* gambling==*bettting odds==and anywhere in the world!=
Logical decision making. Gambling. Odds.
gambling is a good use. It is also used in politics and in predictions in science
Blaise Pascal and Pierre de Fermat started corresponding over an issue on mathematics of gambling, from which the theory of probability developed in 1654.
it givves you a lot of money
It depends on what you mean, but here is a basic description of how it works. Payouts in gambling games are based on the probability of winning, but the payout is less than the true probability of winning. Just as a basic example, the odds of rolling a 12 in the game Craps is 1 in 36, but if bet on the 12 and win, you only win 30 times the amount bet. So basically, you would have to make a $1 bet 36 times to win $30.
"A gambler's dispute in 1654 led to the creation of a mathematical theory of probability by two famous French mathematicians, Blaise Pascal and Pierre de Fermat. Antoine Gombaud, Chevalier de Méré, a French nobleman with an interest in gaming and gambling questions, called Pascal's attention to an apparent contradiction concerning a popular dice game. The game consisted in throwing a pair of dice 24 times; the problem was to decide whether or not to bet even money on the occurrence of at least one "double six" during the 24 throws. A seemingly well-established gambling rule led de Méré to believe that betting on a double six in 24 throws would be profitable, but his own calculations indicated just the opposite.
By use of observations and some patterns, you can figure out the probability, or likelihood, of getting a certain card, so when you're pretty sure, you can bet lots of money.