Kelly betting or proportional betting is an application of information theory to investing and gambling.Its discoverer was John Larry Kelly, Jr. Part of Kelly's insight was to have the gambler maximize the expectation of the logarithm of his capital, rather than the expected profit from each bet. This is important, since in the latter case, one would be led to gamble all he had when presented.
Blackjack is a game that may look simple on the outside, but beneath the surface, you’ll find that it’s all about odds and making the correct mathematical decisions. It’s easy to let your intuition take over and base your decisions at the table on that. To be able to play perfectly and master blackjack, it is, however, crucial to understand what the odds are for every scenario you face.
The Gambling Commission has announced a ban on gambling businesses allowing consumers in Great Britain to use credit cards to gamble. The ban, which comes into effect on 14 April, follows the Commission’s review of online gambling and the Government’s Review of Gaming Machines and Social Responsibility Measures. A public consultation was carried out between August and November 2019.
Gambling - Gambling - Chances, probabilities, and odds: Events or outcomes that are equally probable have an equal chance of occurring in each instance. In games of pure chance, each instance is a completely independent one; that is, each play has the same probability as each of the others of producing a given outcome. Probability statements apply in practice to a long series of events but not.
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Safer Gambling Reducing Gambling Harms: Recently in political discourse and across the media there has been lots of focus on safer gambling and rightly so. Whilst the majority of punters treat betting as the source of entertainment it should be, for some there may be a loss of control. Here at Oddschecker, we know everyone should be mindful of.
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