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The House Always Wins In The Long Run

In statistics, there’s a theorem called the law of large numbers. It teaches you can’t win in the long run at casino games. It’s why casinos always get rich, and the gambler always gets poor. Robert J. Marks and Sal Cordova discuss gambling, statistics, and mathematics.

Show Notes

  • 01:06 | Introducing Sal Cordova
  • 03:11 | The Famous Team: Claude Shannon and Edward Oakley Thorp
  • 06:58 | Is There a Good Way to Cheat in a Casino?
  • 14:31 | Shuffle Trackers
  • 19:51 | Is There Such a Thing as a Winning Streak?
  • 21:27 | Don Johnson the Whale

Additional Resources

The House Always Wins In The Long Run