Plussed.net Gambling

A casino “game of chance” is a scheme for transferring money from gamblers to the owners of the casino. Any short-term rearrangement of money between the gamblers is incidental to this process. In the long run, the flow of money is from the gamblers to the casino. The only socially useful purpose of a gambling scheme is to provide practice exercises in the study of probability. If more people studied probability, we'd have fewer casinos.

The analysis of gambling schemes is best commenced by studying the rules as set in the appropriate legislation.

The following are sets of questions and fully worked solutions in pdf format which analyse particular casino schemes. If you have downloaded these previously, the version numbers and dates shown should allow you to check whether you have the current version.