Probability theory began in seventeenth century France when the two great French mathematicians, Blaise Pascal and Pierre de Fermat, corresponded over two problems from games of chance. Probability can be defined as the likelihood of an event, whether it will occur or not. It is mainly correlated around the idea of chance.Probability can be defined as the likelihood of an event, whether it will occur or not. It is mainly correlated around the idea of chance. However, the formula for probability is P(A) = (# of ways A can happen) / (Total number of outcomes). Moreover, when viewing probability as “subjective” causes it to be structured off of personal judgment. Determining the probability for contexts encompassing the aforementioned is usually carried out with the requirement of initial instincts and experience, as …show more content…
However, if it was zero (0), the probability of rain would be “none”. The game Hi Lo is all about developing an accurate strategy to become a better player in cards. The objective of this game is to prove the best strategy for playing Hi-Lo using basic probability. One of the most popular games in casinos was Hi-Lo which was developed around the second World War when community card poker games first became popular. Omaha Hi-Lo is also referred to as Omaha Eight-or-better. The 8 is the important bit, it means that only hands where all five cards are less than or equal to (<=) 8 can play as the low. The law of large numbers is a theorem that states that the larger your sample size, the closer the sample mean will be to the mean of the population. It is also called Bernoulli's Law after Jacob Bernoulli, a Swiss mathematician. On the other hand, “In simple terms, ‘counting card’ just means keeping a tally of certain cards while the dealer burns through the deck. By keeping that tally—although you still play with the same strategy as before—you