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.
Nobody downloaded yet

Probability and poker - Research Paper Example

Comments (0)
There are three major categories of gambling, and these include: betting, gaming and lotteries (Rickwood, et al, 1). Regardless of the…
Download full paper
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
Comments (0)
Click to create a comment or rate a document
Pascal and the Probability Theory
Despite living for a few years, Pascal was able to come up with many discoveries and theories in the fields of mathematics, philosophy, science and religion. His mother died when he was three; hence, he was raised by his father, who oversaw his education at home.
11 Pages(2750 words)Research Paper
American Short Story Research Paper
First appeared in Overland Monthly in January 1869, this short story is set in California between November 23 and December 7, 1850, and the author offers one of the best examples of the local-color genre through the narration of this story. It is essential to remember that Bret Harte is one of the predominant American writers associated with this genre and Harte celebrates this genre in this short story through various means.
2 Pages(500 words)Research Paper
Blaise Pascal and the Theory of Probability - Why it is important and the implications of this contribution
The analysis of the gambling laid foundation to more complicated logic and mathematical probability. Technology, morality, social science and physics all rely on probability. The Importance and Application of Theory of Probability Introduction Mathematics has helped people in quantifying things as the numerals offer the convenience of calculating objects.
6 Pages(1500 words)Research Paper
Skinner & Behavior analysis Research paper
Personality theories developed in contemporary times have rather varied emphasis compared to the characteristic theories or the psychodynamic conjectures. While B.F. Skinner may not have a personality theory, his operant conditioning theory can be utilized in the formulation of how personality statement is formed and how it operates.
8 Pages(2000 words)Research Paper
Economic Impact of Legalizing Online Poker
Increased public understanding of and involvement in, poker has started significant argument among opponents and supporters of poker regarding both its economic practicality as well as its general impact on society. There are quite a lot of issues that clarify the unusual expansion of the poker during recent times.
24 Pages(6000 words)Research Paper
Statistical data in a business context that requires a decision. Use probability concepts to formulate a decision
[Note: Conditional profit = Profit from selling one unit * number of units of hamburgers sold – Loss from one unsold hamburger * (number of units of hamburgers prepared – number of units of hamburgers sold). Now the restaurant chain is contemplating on taking the help of
3 Pages(750 words)Research Paper
The Normal Distribution and Probability
This variable may be considered a ratio level variable because of its attributes. First, differences between different levels of ratio level variables have the same meaning (Rubin, 2009, p. 24). That is, the difference in
2 Pages(500 words)Research Paper
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
1 Pages(250 words)Research Paper
Online Casino
Online casinos are websites where gamblers can wager and play the different kinds of games offered online by the casinos. Some of the main features of online casinos are that they offer payback percentages and odds which are comparable to those
12 Pages(3000 words)Research Paper
The company targets the high-end consumer who is attracted to luxurious hotels. On the other hand, the mission statement is targeting individuals of high net worth by providing a variety of socioeconomic activities in
8 Pages(2000 words)Research Paper
Let us find you another Research Paper on topic Probability and poker for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us