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An example: coin-tossing Let It Ride When the probability of each event is not even, such as with a loaded die, a number which has come up more often in the past may very well continue to do so, if that number is favored by the weighting of the dice. This has been dubbed Nerd's Gullibility Fallacy -- assuming the coin indeed is fair and the gamblers are honest when it isn't the case. This is an example of Hume's principle: twenty times tails on row implies that it is far more likely that the premise of a fair coin is wrong and coin is forged, than that the initial premise is correct and the next toss will be fifty-fifty heads or tails. Jacks or Better PokerPoker is a microcosm of all we admire and disdain about capitalism and democracy. It can be rough-hewn or polished, warm or cold, charitable and caring or hard and impersonal. It is fickle and elusive, but ultimately it is fair, and right, and just. - Lou Krieger The goal of each player is to beat the dealer, by having the higher, unbusted hand. Note that if the player busts, he loses, even if the dealer also busts, which is the source of the casino's advantage. If the player's and the dealer's hands have the same point value, this is known as a "push", and neither player nor dealer wins the hand. Red dog If the 'Banker' has an initial total of 0, 1, 2, 3, 4 or 5 and the 'Player' has an initial total of 6 or 7 and stands, the 'Banker' draws another card. Roulette is one of the most popular online casino games of all time. It has been played and enjoyed by enthusiasts and professional gamblers alike since at least 1765. Today's internet version of roulette is only the most recent development in the long, amazing evolution of an amazing and exciting game. Table games are played on a large table covered with a printed felt layout and may contain seating locations for players, with a dealer and other casino employees located on one side of the table (known as the "pit") and players located on the opposite side. Table games may be played with cards, dice, or other gaming equipment. Wikiquote has a collection of quotations related to: [edit] The player who wishes to take Insurance can bet an amount up to half his original bet. The Insurance bet is placed separately on a special portion of the table, which usually carries the words "Insurance Pays 2:1". The player who is taking Insurance is betting that the dealer's 'hole card' is a 10-value card, i.e. a 10, a Jack, a Queen or a King. Because the dealer's upcard is an Ace, this means that the player who takes Insurance is essentially betting that the dealer was dealt a natural, i.e. a two-card 21, a blackjack, and this pays off 2:1 if it wins. [edit] Common random number games (non-table) Dealer hits on soft seventeen (ace, six) If the 'Banker' has an initial total of 3, the 'Banker' draws another card when the 'Player's' third card is anything but an 8. They anticipate losing when they sit down and I try my darnedest not to disappoint one of them. - Amarillo Slim Are you more likely to win the lottery by choosing the same numbers every time, or by choosing different numbers every time? (Answer: you are equally likely with either strategy. In reality, you may be better off choosing numbers in such a way as to reduce the risk of splitting the jackpot.) Random number games You call this one and it's all over, baby. - Scotty Nguyen, during the 1998 World Series of Poker. Down to him and one other player, he said this to his opponent who called, and it was all over. [edit] It follows that the player that starts with fewest pennies is most likely to fail. Even with equal odds, the longer one gambles, the greater the chance that the player starting out with the most pennies wins. However, this does not imply positive expected value for richer player since for each complete game (many flips) that the richer player loses, he will forfeit more pennies than his poorer playmate. Player losing ties Other examples

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