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Questions tagged [gambling]

play games of chance for money; bet.

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Real Risk of Bankruptcy after a Lottery Win? [duplicate]

There are currently claims that between 30% and 70% percent of lottery winners will go bankrupt. Indeed, the Certified Financial Planner Board of Standards says nearly a third of lottery winners ...
3
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0answers
509 views

Are there slot machines with wheels that use bingo internally?

I've heard rumors that many slot machines use an invisible internal bingo algorithm to determine whether they pay out, supposedly as a way around the Indian Gaming Regulatory Act. For example, I ...
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0answers
791 views

Did a casino in Las Vegas suffer its worst week in history after hosting a physicists conference?

According to The Crime of Reason: And the Closing of the Scientific Mind: In March 1986, Las Vegas newspapers buzzed with rumors that the MGM Grand Hotel and Casino had suffered its worst weekly ...
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1answer
1k views

Did Russian Hackers beat slot machines with an app?

Russian Hackers made up to $250.000.- per Weekend, by using an app to tell them when to pull a trigger. ...custom app on the operative’s phone; those markers cause the handset to vibrate roughly ...
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2answers
7k views

Is Leicester City winning the English Football premiership the most improbable single event in betting history?

Leicester City were recently confirmed as winners of England's top football (soccer) league. Last year they were facing relegation a dozen matches before the end of the 38 game season and, at the ...
41
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1answer
5k views

Are you more likely to be struck by lightning than to win the lottery?

A common claim about how unlikely it is to win a multi-million dollar lottery jackpot is that one is more likely to be struck by lightning than to win the lottery. Is this claim true? Assume our ...
8
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0answers
440 views

Are Lottery Quick Picks independently and uniformly distributed?

Let's set aside the argument that computers have a pseudo-random number generator. I'm interested in knowing if a lottery terminal generates each quick pick independently from all previous picks and ...
4
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1answer
566 views

Are Taiwanese people gambling on when cancer sufferers will die?

Police investigate claims of gambling with dying patients - Taipei Times Greater Taichung police on Tuesday said they have launched an investigation into a report that gamblers are betting tens ...
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2answers
2k views

Do casinos have a negative economic and social impact on the neighborhoods they are located in?

In a recent article of the Toronto Sun that discusses a proposed waterfront casino for the city of Toronto, the author Christopher Hume makes the following statement: Experience around the world ...
7
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1answer
768 views

Is it possible to gain an edge in roulette through physics?

I just stumbled across the following article: http://genuinewinner.com/science.html, which makes the following claim: There's no way of knowing exactly which number will spin next. And there's no ...
13
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2answers
1k views

Did this US judge rule that poker is a game of skill and not chance?

I just read a NY Times article which claims that a US Judge ruled that poker is a game of skill and not one of chance. In a ruling that goes to the heart of what it means to play poker, Judge ...
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5answers
2k views

Is poker more a game of skill than chance?

I just read a NY Times article which claims that a US Judge ruled that poker is a game of skill and not one of chance. In a ruling that goes to the heart of what it means to play poker, Judge Jack ...
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1answer
7k views

Are the chances of dying on the way to get lottery tickets larger than the chance of winning?

I encountered the following claim: The chances of you dying on the way to get your lottery tickets is greater than your chances of winning Of course, whether is is true depends on the lottery, on ...
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2answers
5k views

Are slot machines purely random or do they pre-calculate every spin?

Being a computer programmer I assumed that every single spin of a poker machine was pre-calculated by the machine thus avoiding the chance of multiple large pays being payed out in a short period of ...
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2answers
1k views

Do modern day slot machines notify the manufacturer that a jackpot is about to be hit?

As I understand it, the manufacturer of the slot machine is on the hook for any progressive jackpot the machine pays out. Given that modern day slot machines use a random number generator (and ...
7
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1answer
1k views

Is Internet gambling more harmful than regular gambling?

There is legislation in place in a number of Westernised countries such as the U.S. and Australia that makes certain aspects of gambling over the Internet illegal. One of the major justifications for ...
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1answer
2k views

Do slot machines play in the key of C?

I was listening to Episode 57 of the Talk Show (at 44:35), and one of the hosts mentioned that he'd heard that slot machines all play in the key of C. Ostensibly, this is because this frequency is ...
25
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2answers
3k views

Is a coin toss fair?

I've just seen a referee use a coin toss to decide who will start a match which got me thinking, coins aren't perfectly symmetric. Our euro coins have the value on one side, a country specific image ...
21
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1answer
4k views

Are people who win the lottery more likely to go bankrupt?

It's been suggested that people who win the lottery are more likely to go bankrupt than if they had not. For example, an article on Smartmoney states: More than 1,900 [lottery] winners went ...
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1answer
2k views

Is there a statistical advantage in playing KENO for a long period of time?

When I was in high school there was a story about a man who won millions of dollars playing keno. The amount of money and the location appear to be true based upon this wikipedia article: In 1994, ...
15
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1answer
719 views

Internet Gambling Linked to Terrorist Financing?

Currently there is a debate in the United States over the legal status of Internet Gambling; specifically, playing Poker for "real money" over the Internet. Many of those who are opposed to Internet ...
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2answers
31k views

Do some casinos use extra oxygen to increase gambling, or is this a myth?

(Image: Source) It's no secret that casinos are designed to encourage visitors to stay (and hopefully gamble). But how far do casinos really go? 10 Tricks Casinos Use On you: free drinks no ...