Casinos are masterful at employing psychological tactics to influence gamblers’ behavior and maximize profits. From the moment you step inside, every aspect of the environment is carefully designed to keep you playing longer and spending more. This article explores how casinos use psychology and mathematics to gain an edge over their patrons, providing insights that […]
The Psychology of Casinos (How Casinos Trick You) Read More »
A martingale strategy is a betting method designed for games where the gambler wins a 50/50 bet like a coin flip wins landing on heads and loses on tails. This strategy betting structure has the gambler double their bet if they lose so the first win would recover all previous losses and get back to
Martingale Strategy Explained Read More »
The Kelly Criterion is a scientific gambling method using a formula for bet sizing that mathematically calculates the proper position size for placing a bet based on the odds. The Kelly bet size is calculated by optimizing the projected value of the wealth logarithm, which is equivalent to maximizing the expected geometric growth rate of
Kelly Criterion Calculator Read More »