The same day that news broke of an ongoing FBI investigation into the legality of online daily fantasy sports sites like DraftKings and FanDuel, Nevada gaming regulators declared that these sites are unlicensed gambling businesses and barred them from operating in the state. [More]
the house always wins
When the same sequence of cards was dealt at a mini-baccarat table at Atlantic City’s Golden Nugget casino twice in a row, was it just probability in action. Out of all the packs of shuffled cards in the world, the cards ending up in the same order happens now and then. Then the cards came up in the same sequence a third time. Fourth. Fifth. The players played forty-one hands where the cards came up in the same order, betting larger and larger amounts each hand. Wouldn’t you? They ultimately won more than $1.5 million. Casino security staff swarmed the table, trying to figure out how the fourteen players at the table were cheating. They weren’t. A vendor allegedly supplied the casino with packs of unshuffled cards, which were dealt as-is. Now the casino is suing the fourteen gamblers and the playing card company, and the gamblers are countersuing the casino.
There are lots of things that you would probably do if you won the lottery. Pay off your family members’ mortgages, fill a Jacuzzi with hot chocolate, buy a water park, or donate to your favorite blog. However, a basic understanding of math will force you to admit that there are much better places for your dollar than the lottery’s coffers. You can, however, simulate the experience of playing the lottery for decades at a time without ever spending money on a ticket. This handy web app simulates the experience of playing the same numbers in the multi-state MegaMillions game for as long as ten years.