The mathematics of gambling

The mathematics of gambling

FIVE years ago, Londoner Ashley Revell sold his house, all his possessions and cashed in his life savings. It raised £76,840. He flew to Las Vegas, headed to the roulette table and put it all on red. The wheel was spun. The crowd held its breath as the ball slowed, bounced four or five times, and finally settled on number seven. Red seven ...

That's how Helen Thompson starts her article in the New Scientist (11th August 2009)

To read this very understandable account of gambling, odds and probabilities:

http://www.newscientist.com/article/mg20327202.600-whats-luck-got-to-do-with-it-the-math-of-gambling.html