Tuesday, January 6, 2015

Risk and probability

The following video is an excellent example of a concept I've seen time and time again in the casino. The better players know this and exploit people's inability to see past the loss. How often have any of you readers ever thought about the odds of every situation. Fun stuff. The rule of 4 and 2 have been very useful to me :)


DrChako said...

Ask a poker player and they'd take it in a heartbeat.

OhCaptain said...

That's what I was thinking. Do I take the even money coin toss? Maybe if I was bored or had side action to sweeten the deal, but it's seeing the little edges and taking them is what sets good players ahead of bad .