StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Probability and poker - Research Paper Example

Comments (0) Cite this document
Summary
There are three major categories of gambling, and these include: betting, gaming and lotteries (Rickwood, et al, 1). Regardless of the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
Probability and poker
Read TextPreview

Extract of sample "Probability and poker"

Download file to see previous pages One of the common card games people engage in today is poker. It is played with a deck of fifty two cards. The ranks of a player’s cards and the combinations of these cards help determine the winner. In order to win big, players risk larger sums of money, hoping that they do not loose. Therefore, poker, just like any other gambling activity, is purely based on chance. In mathematics, one of the widely covered topics is probability, which is the study of the likelihood of an event occurring. For this reason, poker is directly related to this mathematical concept because outcomes are based on chance. Although most people question the importance of studying mathematics in school, the application of mathematical concepts in the real world are varied. Probability, which is a branch of mathematics, is one of the most used concepts in the world. This research aims at demonstrating how probability is used in gambling by focusing on the game of poker.
For most poker players, there is strong belief in experience, skill and luck. Most players have an illusion of control in which a person beliefs he has the ability to understand and determine the outcome of uncertain events. Professional poker players are seen as those who have the ability to read their opponents with a high level of accuracy based on tiny or non-existent clues (Istrate, 55). Experienced players are those that have the ability to make accurate predictions, thereby increasing their chances of winning. In approaching the game of poker, most players look at their opponents to identify certain flaws or features that will help them to win the game. These flaws will tell them the weaknesses of their opponents, and thus capitalize on these weaknesses to win games. For this reason, players look at the position the opponents occupy on the table, their timings and pace, and the way they behave and move ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Probability and poker Research Paper Example | Topics and Well Written Essays - 2500 words”, n.d.)
Probability and poker Research Paper Example | Topics and Well Written Essays - 2500 words. Retrieved from https://studentshare.org/english/1685811-probability-and-poker
(Probability and Poker Research Paper Example | Topics and Well Written Essays - 2500 Words)
Probability and Poker Research Paper Example | Topics and Well Written Essays - 2500 Words. https://studentshare.org/english/1685811-probability-and-poker.
“Probability and Poker Research Paper Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/english/1685811-probability-and-poker.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Probability and poker

Probability

...TMA M343 02 QUESTION a) (i 2) (3) (ii) (iii) (iv 2) (3) (v) (b) K QUESTION 2 QUESTION 3 (a) A good example of a simple random walk with two reflecting barriers is the movement of an elevator in a 10 storey building. Once the elevator reaches the ground floor, it will have a 100% probability of going up, and when it reaches the 10th floor, it will have a 100% probability of going down. The elevator goes up and down at discrete intervals. Reflection at the barriers is represents the points when the elevator is at the ground and the 10th floors. (b) (i) 1. 2. (ii) 1. 2. (c) (d) QUESTION 4 (a) (i) COMMUNICATING CLASSES a. 1, 4, 5 - closed, recurrent, periodic (3) b. 3, 6 - not closed, transient, aperiodic c. 2 - closed...
3 Pages(750 words)Math Problem

Statistics/Probability

...Be sure to show your work so that partial credit may be awarded. To receive full credit, work must be shown if applicable. Section 3 Basic Concepts of Probability and Counting 1. Lock combinations are made by using 4 digits. How many different lock combinations can be made if repetition of digits is allowed? Each place in the 4 digit number can be occupied by any of the 10 digits. Hence by the multiplication theorem of probability, we get No of different combinations = 10 × 10 × 10 × 10 = 10000 combinations 2. In 2001 the stock market took some big swings up and down. One thousand investors were asked how often they tracked their investments. The table below shows their responses. What is the probability that an investor tracks...
2 Pages(500 words)Statistics Project

Probability

...The Use of Probability in Inferential Statistics There are many distribution models used in inferential statistics. The distribution modelsreflect a statistician’s assumption on how variable values are possibly distributed in a population. Based on sample data and assumptions on the population distribution, inferences are made on how the variable values may be actually distributed in a population. The most conventional or usual assumptions on population distribution are the standard normal, t-distribution, and the chi-square distribution. Using assumptions on how variable values are distributed in a population makes it possible for man to anticipate the characteristics of specific populations based on information provided by sample data...
7 Pages(1750 words)Term Paper

PROBABILITY

...Your full ID: Assignment 02-Probability Module + Hand Out “PROBABILITY” i. Given: P(A) = 6/7, P(B) = 7/8, P(D) = 9/10, and Machine efficiency = 27/44 P(C) = unknown All four components need to be in working order for the machine to complete the process successfully. The machine will fail to complete the process from start to finish if at least one of the tasks fails. The efficiency of the machine is the probability that the machine completes the process from start to finish. Further, all tasks (from A to D) are independent tasks Therefore, Therefore, the probability that component C is in working condition is The probability that component C is in working condition is 10/11 (or 90.91%). ii. If the firm operating the machine wishes...
4 Pages(1000 words)Coursework

Probability

...PROBABILITY Explain your strategy for solving the problem I will not call my opponents bet by tossing the rest of my money because in playing cards winning lies on probability. I would continue with my two down cards 6 of (diamonds) & 7 of (diamonds) bearing in mind that they will come up. Explain why your strategy will work. Probability does not always occur twice, so there is no need for quitting. My strategy therefore largely lies on probability. Probability is always related to gambling because if at all one of the down cards does not show up there is a high possibility that they will come up in the next play (Bassarear 2011). Execute your strategy showing your mathematical work. So am having the values diamonds=6, 7...
1 Pages(250 words)Speech or Presentation

Probability

...Probability Probability defines an event’s chance of occurrence and may be theoretical or experimental. While theoretical probability relies on naturally expected observations, experimental probability is derived from experimental observations. This report seeks to investigate probabilities in genetics and inheritance. The paper concludes that theoretical probability sufficiently predicts inheritance of genes. Introduction Olofsson explains that the knowledge of probability is fundamental in understanding inheritance of genes (p. 56). This is because characteristics of parents that are passed over to their offspring follow specific patterns. Both parents have pairs of chromosomes out of which one is transferred to an offspring at random...
2 Pages(500 words)Lab Report

Online poker

...Hence, based on the above facts it can be deduced that reversing of events that occurred on the Black Friday of the poker world signifying the regulatory shut down of online poker on April 15, 2011, those working around the law would drop their clandestine businesses drawing millions of Americans conveniently disposed to playing online poker. In doing so, not only will these illegal activities be put to an end, moreover, the government shall be benefiting from the decline in crimes prone to home run poker games such as underage and problem gamblers which shall be taken care of by the provision of online poker as it aims to provide a more secure setting for gambling and consequential feuds, vendettas and other illegitimate participatory...
1 Pages(250 words)Research Paper

Probability

...Ranking of Jackson County judges Ranking of Jackson County judges Every year a number of cases are handled by judges in Jackson County. Some of these cases are appealed. However some of them are upheld. In connection to this the main aim of these study was to investigate how the judges perform based on the number of cases appealed and the number of cases reversed. This ranking was necessary to find out whether the judges are doing a great or not. Three courts were investigated: Municipal Court, Domestic Relations, and Common Pleas Courts. To get the probability of appeal: P (Appeal), the following formula was used; P (Appeal) = To obtain P (reversed), the following formula was used. P (Reversed) = On the other hand P (R/A) was gotten...
8 Pages(2000 words)Essay

The Application of Probability in the Game of Poker

...Prompt Most who study mathematics never understand how the knowledge acquired can be applied in real life situations. For most this knowledge is only used to write and pass exams. This paper aims at demystifying this myth by focusing on how probability can be used in the world of poker. Writing goals 1) Examine the difference in how poker players and mathematicians approach and understand the game of poker 2) Explore how the study of probability theory helps one to win a poker game 3) Discuss ways in which professional poker players and mathematicians use probability to win a poker game 4) Evaluate whether or not studying probability always makes one win a poker game The Application of Probability in the Game of Poker...
12 Pages(3000 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Probability and poker for FREE!

Contact Us