Tag Archive: probability

Though twister poker sounds like it's named after the family game played on living room floors around the world, it's actually a version of the classic game of casino poker. Played with just three players, it could be viewed as closer to being a lottery than a traditional poker game. This is because there's a greater degree of randomness built in. Because all buy-ins at the start of the game are fixed at 500x to 1,000x, the game of twister poker is both risky and exciting from the get-go.

No matter what hobbies or pastimes you might decide to take up, the truth of the matter is that you can learn from your experience, skills that can be translated into everyday use. The same is true of gambling. By playing skilled games like poker or blackjack, it's necessary to develop a proper playing technique utilizing all sorts of methods which then become life skills. Even games of pure chance, like the slots, still require elements of self-control, patience, and good money management.

The Monty Hall problem revolves around our misunderstanding of both how odds function, as well as an ignorance of the role of probability in casino games. Originally named after the TV host, Monty Hall, this conundrum was about the selection of three doors. behind one would be a new car. But behind the other two, were a couple of goats. Monty would help in your selection by choosing a door himself. So the question was really about the remaining probability of the remaining two doors.

Whenever you come across a new online casino, one of the first things that jumps out is the generous welcome bonus offer that's available for all new customers. But, even though it might look very tasty, we recommend that you hold off simply grabbing the first bonus that comes along. The reason is that all bonuses come with any number of conditions. Furthermore, you need to understand whether the bonus represents good value for money. To this end, you need to calculate its Expected Value.

Many gamblers are blinkered and can only see a picture of themselves winning. But a quick look around the mega-casino resort or an online casino will tell you, in no uncertain terms, that casinos make a lot of money. And, with gambling being a zero-sum game, their win is your loss. Thanks to the built-in house edge, you can't win in the long run. Once you can accept this fact with good grace, then you can get on with enjoying yourself and gambling whilst forgetting about the pressure of winning.