The Mathematics of Gambling

three dice on abacus are symbolic of gambling

Gambling has for a long time represented an entertaining opportunity for people to combine luck and skill in pursuit of lucrative winnings. Hundreds of various forms of casino gambling games exist, and each is governed by mathematical principles. Learning how gambling mathematics are constantly and complexly at play in every bet, spin, roll and deal can be a rewarding endeavour – not only could it be the difference between a win and a loss, but it also presents an opportunity to enjoy a more intellectually satisfying gambling experience.

The Inherent Mathematical Principles of Gambling
The fundamental principle at play in all casino games is the theory of probability. After all, gambling is all about what your chances are of winning or losing. If you want to be assured of as high a chance of winning as possible, it pays to have an understanding of the theory of probability.

In close relation to the theory of probability are concepts like independent and dependent events, expected value and the house edge. Understanding these concepts and how they are used in various calculations in conjunction with probability is often very helpful when developing an optimal betting strategy.

It’s also helpful to know about things like payout percentages and the Combin Function, and also to be aware of – and wary of – the erroneous notions contained within the Gambler’s Fallacy.

All the terms mentioned above are explained on their own pages on this site, but for a brief overview of their meanings, have a look at our Gambling Mathematics Glossary.

We also have specific gambling mathematics information and advice on some of the most popular casino games. You can find information on Roulette mathematics, Craps mathematics, Blackjack mathematics, Poker mathematics, Bingo mathematics, Keno mathematics and Slots mathematics, as well as a page specifically about the mathematics of sports betting.

Enjoy discovering things you may not have known about the wonders of the mathematics of gambling!