odds

In probability theory and statistics the odds in favor of an event or a proposition are the quantity p / (1 − p), where p is the probability of the event or proposition. The logarithm of the odds is the … Read More

Pocket Aces refers to a starting poker hand that contains two Aces. The most common context is a game of Texas Hold’em.Other names for Ace-Ace include American Airlines, bullets, and rockets. In a conventional game of hold’em, Ace-Ace is the … Read More

In gambling a Dutch book or lock is a set of odds and bets which guarantees a profit, no matter what the outcome of the gamble. It is associated with probabilities implied by the odds not being coherent.In economics a … Read More

Online casinos, also known as virtual casinos or internet casinos, are online versions of traditional (“brick and mortar”) casinos. Online casinos enable gamblers to play and wager on casino games through the Internet.Online casinos generally offer odds and payback percentages … Read More

Equipment The primary piece of equipment used to play modern Russian roulette is a toy gun that has a 1/6 probability of activating when the trigger is pulled. The gun may be a dedicated device, or it could be a … Read More

Betting odds slang is a series of words used to describe particular common fractional odds. Evens – Levels, Scotch 2/1 – Bottle 3/1 – Carpet, Gimmel 4/1 – Rouf 5/1 – Hand 5/2 – Face 6/1 – X’s 7/1 – … Read More

An Asian Handicap is a sports betting term used to describe spread betting in football (soccer). Described as Asian because of its Eastern origins, the phrase has little else to do with the region. This form of soccer betting has … Read More

Lottery jackpot records are a matter of some interest to both participants and observers of this form of gambling.It is often said that the annual Christmas lottery in Spain, dubbed El Gordo (The Fat One), is the largest in the … Read More

Betting strategies or betting systems are approaches to gambling intended to increase the odds of winning. Independent Events The following betting strategies have been recorded as being applied to games which operate on independent events. For such games, the odds … Read More

Jueteng (pronounced wet-teng) is an illegal numbers game played in the Philippines. Jueteng came from China and it means flower (jue) and bet (teng). Although illegal, it is a widely popular game with participation that crosses most, if not all … Read More

The MIT Blackjack Team, as the name suggests, was a group of students and ex-students from the Massachusetts Institute of Technology who attempted to beat casinos at blackjack worldwide. The team and its successors operated from 1979 through the beginning … Read More

“Hot” and “Cold” machines Standard slot machines do not get “hot” or “cold”. The odds of hitting a winning combination are determined by a random number generator contained in the machine’s software and is exactly the same with every spin. … Read More