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Probability Theory Guide

Probability Theory Basics and Applications

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Probability Theory Guide | probability.infarom.ro Reviews
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Probability Theory Basics and Applications
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6 definition of probability
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Probability Theory Guide | probability.infarom.ro Reviews

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Probability Theory Basics and Applications

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1

Probability Theory Basics: Definitions

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Is a type of action that generates events. An example of an experiment is rolling the die. The performance of an experiment is called test. The experiments generate outcomes. Results). An experiment can have more than one outcome, while a test can have only one outcome. The experiment of rolling the die can have six outcomes (namely the numbers from 1 to 6 inscribed on die’s sides). Is the outcome of a test and A. An event related to the respective experiment, we say that A happens. And A does not happen.

2

Books on mathematics of gambling

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In this page are the books that we recommend to anyone who wants to learn about probability theory and its applications, including in gambling. They are mostly addressed to beginners, undergraduate or graduate readers, students and non-mathematicians. The featured books are published by INFAROM, are listed in the collections of several university and gambling research institute libraries and stand as reference books for applied math and gambling courses. List price $34 - our price $23. Book, but a comple...

3

Articles on mathematics of gambling

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Revealing slots secrets: Generating a PAR sheet through statistical methods. Optimum Strategy and The Spectacle of Poker. The author presents an hypothetical scenario in which all players become professionals and show why poker will never loose from its spectacle. It is an essay about the existence of an optimum strategy with mathematical reasoning. Returning the Odds: Partial simulations vs. compact formulas. Martingale Odds in Long Run.

4

Probability Theory Basics: Applications

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Below are some solved simple exercises and applications:. Find the probability of getting a multiple of 2 at a die roll. The number of outcomes that are favorable to respective event is three (these are: {2}, {4}, {6}). The number of equally possible outcomes is six, so the probability is 3/6 = 1/2 = 50%. There are three pairs of socks of different colors in a basket. Two socks are randomly extracted from the basket. What is the probability of getting two socks of same color? Is C(4, 2); therefore,.

5

Probability Software based on compact formulas

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Draw Poker Odds Calculator. Draw Poker Odds Calculator. The software uses compact probability formulas. Thorough and not partial simulations. These formulas have been worked out in a mathematical environment and are based on a rigorous probability model. You can find all theoretical results, details about these formulas and their application, tables of values and the entire supporting math in the book titled Draw Poker Odds: The Mathematics of Classical Poker. See the section titled Draw Poker. After the...

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