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Knock-Out Blackjack, Olaf Vancura and Ken Fuchs, 1998, ISBN 0929712315 It might be pointed out that where economic activity is concentrated in transfers of wealth rather than its creation, gambler's ruin results in most of the wealth being held by a very small number of participants. We see this in the stock market when speculative activity is the norm rather than long-term dividend producing investment PokerPoker is a microcosm of all we admire and disdain about capitalism and democracy. It can be rough-hewn or polished, warm or cold, charitable and caring or hard and impersonal. It is fickle and elusive, but ultimately it is fair, and right, and just. - Lou Krieger odds that favor the casino resulting in negative expected return for the player; and After initial bets are placed, the dealer deals the cards, either from one or two hand-held decks of cards, known as a "pitch" game, or more commonly from a shoe containing four or more decks. The dealer gives two cards to each player, including himself. One of the dealer's two cards is face-up so all the players can see it, and the other is face down. (The face-down card is known as the "hole card". In European blackjack, the hole card is not actually dealt until the players all play their hands.) The cards are dealt face up from a shoe, or face down if it is a pitch game. Stand: Take no more cards. When the probability of different events is not independent, the probability of future events can change based on the outcome of past events. An example of this is cards drawn without replacement. It's true that once a jack is removed from the deck, the next draw is less likely to be a jack and more likely to be of another rank. These are common misunderstandings that arise in everyday reasoning about probabilities, many of which have been studied in great detail. Many people lose money while gambling due to their erroneous belief in this fallacy. Although the gambler's fallacy can apply to any form of gambling, it is easiest to illustrate by considering coin-tossing; its rebuttal can be summarised with the phrase "the coin doesn't have a memory". If the 'Banker' has an initial total of 0, 1 or 2, the 'Banker' draws another card. Caribbean Stud Ease. You can get into an entire new life of online casinos in five minutes even if you are not really a people kind of person. Even if you are lazy (most probably if you are lazy!). There's no embarassment for newcomers, you don't have to go anywhere or dress anything and it doesn't really matter if you've played it all before or this would be the first game of your life. Click-click and you're in. Online casinos have all the help, support, certification and technology to satisfy you. Everything online is under your fingertips, one Internet search away. As you can chat with other players and look up the reputation of a particular online casino if you want to or even submit a testimony, online casinos will do everything to please. The paradox of online gambling is that the industry that is traditionally associated with cheating and crime in minds of most people is in fact one of the cleanest, safest and most successful Internet businesses ever. Online casinos are there more for you than for themselves. Non-examples VegasPlays offers run-in-browser Flash games, but their payouts aren't audited. Play here only if you're playing for fun, not for real money. Go to Instant Play >> Practice Mode. You don't have to sign up for an account or log in, even though it looks like you do. Works only with Internet Explorer, not Safari. A couple already has two daughters. What is the probability that the next child is a son? (Answer: 0.5) [if we assume the gender of a child is completely random, and that a male or female child is equally likely, either or both of which may be incorrect.] Insurance is statistically a bad bet for the player who has no direct knowledge nor estimation (e.g. through card counting) of the dealer's 'hole card' because Insurance has a negative expected value for the player. Even for the player who has been dealt a natural (a two-card 21) it is unwise to take Insurance. In such a case, the dealer usually asks the player "Even money?" This means that instead of 3:2, the player with the natural accepts to be paid off at 2:2. Thus it is exactly the same thing as buying Insurance, losing the Insurance bet and getting paid 3:2 on the natural. (If the player with the natural refuses "even money", and the dealer turns over a natural, it is a tie.) The bank is at the outset put up to auction, i.e. belongs to the player who will undertake to risk the largest amount. In some circles, the person who has first set down his name on the list of players has the right to hold the first bank, risking such amount as he may think proper. Here's what they've got: double-down restrictions: double-down allowed only on certain combinations. Take the money and run!

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