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TagDon Johnson

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When The House Can’t Win The Game, It Will Change The Rules

Intelligent gamblers can try and beat the house, but the house will fight back. Casinos protect their investment in a variety of ways including surveillance, banning players, and even changing the game rules. Robert J. Marks and Sal Cordova discuss gambling, casino oversight, and “advantage players.” Show Notes 00:31 | Recapping How Don Johnson Cleaned Out Atlantic City 02:48 |…

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Casino BlackJack

Casinos: How Nerds Gamble and Win, Using the Law of Large Numbers

The American Physical Society created Las Vegas’s worst week in history and Don Johnson cleaned out Atlantic City. How?

In last week’s podcast, “The house always wins in the long run” (June 2, 2022), Walter Bradley Center director Robert J. Marks interviewed mathematician, computer scientist, and engineer Salvador Cordova on the world of gamblers and how they try to improve their odds by physically manipulating dice (dice sliding ) and cards (false shuffling). Meanwhile, the house is relying on the Law of large Numbers, which — being a mathematical law — wins out in the end. Sure, the Law may always win — but perhaps anyone can play it. Where we left the matter last time, in the first portion of this episode, Cordova talked about how “advantage players” try to make it work. In this second segment of…

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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…