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  2. Card counting - Wikipedia

    en.wikipedia.org/wiki/Card_counting

    Design and selection of systems. The primary goal of a card counting system is to assign point values to each card that roughly correlate to the card's "effect of removal" or EOR (that is, the effect a single card has on the house advantage once removed from play), thus enabling the player to gauge the house advantage based on the composition of cards still to be dealt.

  3. Kelly criterion - Wikipedia

    en.wikipedia.org/wiki/Kelly_criterion

    E.g., if betting $10 on a 2-to-1 odds bet (upon win you are returned $30, winning you $20), then = $ / $ =. The figure plots the amount gained with a win on the x-axis against the fraction of portfolio to bet on the y-axis. This figure assumes p=0.5 (that the probability of both a win and a loss is 50%).

  4. Contract bridge probabilities - Wikipedia

    en.wikipedia.org/wiki/Contract_bridge_probabilities

    Contract bridge probabilities. In the game of bridge mathematical probabilities play a significant role. Different declarer play strategies lead to success depending on the distribution of opponent's cards. To decide which strategy has highest likelihood of success, the declarer needs to have at least an elementary knowledge of probabilities.

  5. Contingency table - Wikipedia

    en.wikipedia.org/wiki/Contingency_table

    Contingency table. In statistics, a contingency table (also known as a cross tabulation or crosstab) is a type of table in a matrix format that displays the multivariate frequency distribution of the variables. They are heavily used in survey research, business intelligence, engineering, and scientific research.

  6. Odds ratio - Wikipedia

    en.wikipedia.org/wiki/Odds_ratio

    The sample odds ratio n 11 n 00 / n 10 n 01 is easy to calculate, and for moderate and large samples performs well as an estimator of the population odds ratio. When one or more of the cells in the contingency table can have a small value, the sample odds ratio can be biased and exhibit high variance .

  7. Spread betting - Wikipedia

    en.wikipedia.org/wiki/Spread_betting

    Spread betting. Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds (or money-line) betting or parimutuel betting . A point spread is a range of outcomes and the bet is whether the outcome will be ...

  8. Credit spread (options) - Wikipedia

    en.wikipedia.org/wiki/Credit_spread_(options)

    Finance. In finance, a credit spread, or net credit spread is an options strategy that involves a purchase of one option and a sale of another option in the same class and expiration but different strike prices. It is designed to make a profit when the spreads between the two options narrows . Investors receive a net credit for entering the ...

  9. Odds algorithm - Wikipedia

    en.wikipedia.org/wiki/Odds_algorithm

    The odds strategy is the rule to observe the events one after the other and to stop on the first interesting event from index s onwards (if any), where s is the stopping threshold of output a. The importance of the odds strategy, and hence of the odds algorithm, lies in the following odds theorem. Odds theorem. The odds theorem states that

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