Posts Tagged ‘probability’
Posted by Nicolae on October 16th, 2008 under Craps, Gambling terminology
Tags: 6, bets, boxcars, Craps, critical failure, dealer, dice, each die, freight train, Freight Train from Hell, game, high side, midnight, probability, rolling, table, terminology, Video •
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Boxcars is the outcome of rolling the dice in a game of craps and getting a 6 on each die. The pair of 6 pips resembles a pair of box cars on a freight train. In modern parlance, it refers to such a roll in any game involving 6 sided dice which are [...]
Posted by Nicolae on August 28th, 2008 under Gambling terminology
Tags: Availability Effects, Availability error, gamblers, Lethal Events, probability, safety equipment, slot machines •
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Availability error, related to the gambler’s fallacy, is the distortion of one’s perceptions of reality due to the tendency to remember one alternative outcome of a situation much more easily than another.For example, if surrounded by slot machines people are more likely to continue feeding money into their machine, because they [...]
Posted by Nicolae on August 15th, 2008 under Card counting, strategies
Tags: advantage, Blackjack, card game, card-counting, high cards, low cards, myth, players, probability, strategy •
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Card counting is a card game strategy used to determine when a player has a probability advantage. The term is used almost exclusively to refer to the tracking of the ratio of high cards to low cards in blackjack, although theoretically card counting can be used in some other card games.
How card [...]