The first person to reach 5 million consecutive spins wins the slot machine. Where can I use roulette? People will come into every corner of the world. I think one of the biggest sources of stress for a lot of people in the world is being in a certain part of the world for a […]
By now, most people are used to seeing fake news online, and the Russian propaganda apparatus has perfected this art. The propaganda machinery is extremely clever and effective for propagating disinformation. However, one of the tricks with propaganda is that the message is never quite real. As a result, there are always a few dupes […]
In a few words, yes, but with a twist: It depends who you ask and who’s talking: In a paper published this week in the Journal of Financial Economics, a group from Michigan State University and the University of Minnesota looked at this question using data from the National Longitudinal Surveys of Youth, beginning in […]
This is a problem that has been posed by a number of economists and sociologists, and it has been addressed by the British author Charles Goodhart in his classic paper “Society as a Gamble.” Goodhart uses the words roulette and lottery as examples of human activities that are intrinsically irrational. And he concludes that the […]
The average person does not lose as much as many suggest, since people do not lose their money on average, but on a scale of billions to one billion, the average person would lose about 0.8 billion dollars in a 12-month period. So how much should we know about that? It has been estimated, for […]
No, that’s it. How do they do it? 1: It uses random numbers for their money. 2: It uses some very obscure mathematical functions. Let’s look at an algorithm to get the probabilities. We’re going to look with a little bit of math to show you just how complicated the math is. For instance, if […]
Let’s consider an 8×8 board with a starting position of (4, 14, 2, 11, 8) and a final position of (2, 10, 8, 18): We know from our simulations that each round has a probability of 1/256 of occurring. If the probabilities were correct, the last position would be (5, 15, 6, 9, 3), or […]
To help you find out: How’s your credit? Your score? Your credit card spending? Which casino would you recommend? Which casino would you avoid? How much interest can you expect to pay in a year in a casino? The casino you prefer is: Casino X Casino Y Casino Z How much money can you make […]
It is the amount of BTC (or other crypto-currencies) you can earn by selling your Ethereum address (also known as a “market place” address) for a specific amount of BTC in a single trade. Example of a Bitcoin wallet. Where can you buy Ethereum? A website called Etherparty, which was launched by a group of […]
What if you play with the roulette wheel in reverse order every time, or turn the wheel sideways? What if every wheel on your roulette chart is spinning the same way? The answer is “none of the above.” The order of spins for different wheels on the same roulette wheel is entirely random, and even […]