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Ask The Wizard #145

I have a question about a concept known as the 'two envelope paradox'. Imagine you're participating in a game show with two envelopes in front of you, and each envelope contains a different, unknown monetary amount. You're informed that one envelope has double the amount of the other. After selecting an envelope and finding out it holds $50,000, you're given the option to either keep your choice or swap it for the other envelope. Is it wise to swap? If you could decide on the swap beforehand, it wouldn't matter which envelope you choose, but now that you're only informed about the swap after your initial pick, the selection and the swap are indeed separate occurrences, right? In this case, the other envelope might hold either $100,000 or $25,000, making the Expected Value of its contents $62,500 based on the equal chance for either scenario. Therefore, if we let x be the amount in the chosen envelope, the Expected Value of the unselected envelope becomes 1.25x. So, you'd always benefit from swapping. Is my reasoning sound? Thank you.

Derek from Boston

I know a lot about this issue. I discuss it in detail on my website, particularly in problem number 6, where I delve into the broader topic, including scenarios where you don’t even look inside the first envelope. However, to address your query, you must consider the context of the game show environment. You described it as a 'game show,' where winning $50,000 is a significant achievement. In shows like The Price is Right, very few participants reach that amount, and probably less than half on Who Wants to be a Millionaire do either. Conversely, winnings around $25,000 occur more frequently. Prizes for cars valued around $25,000 are common on The Price is Right, and $32,000 wins are regular on Who Wants to be a Millionaire. In fact, the average earnings on Jeopardy! hover around $25,000, with legendary player Ken Jennings averaging only $34,091 over 74 games. Therefore, in my opinion, a $50,000 win is quite favorable for a game show, and wins of $100,000 are far less common compared to $25,000. Thus, based on my experience as a game show aficionado, I believe the other envelope is more likely to have $25,000 rather than $100,000, suggesting it's better to keep the $50,000. This illustrates that one cannot assume the distribution of amounts between the envelopes is strictly 50-50; recognizing the values within the context of the game show allows for a more informed decision when considering whether to switch, thus nullifying the argument for always opting for the 1.25x Expected Value. math problems Do you recommend wagering on the money line or the spread for your bets?

Or does it not make a significant difference? NFL picks Generally, regardless of the betting motive, it tends to be more advantageous to place your money on underdogs with the money line and back favorites against the spread.

Aaron Kelly from New York

There’s a game called Soko that plays similar to traditional poker; however, it introduces two extra hand rankings. Following a single pair, there's a four-card straight, then a four-card flush, succeeded by two pair. How would a four-card straight flush rank if included in the hand hierarchy?

There’s a variant of 5 card stud poker The total number of combinations to form a four-card straight flush amounts to 4 multiplied by (9 times 46 plus 2 times 47), which equals 2032. In comparison, there are 3,744 combinations for making a full house and 624 for a four of a kind. Thus, a four-card straight flush should be positioned in rank between these two hands.

Nathan from Tucson

If a close family member suffers from compulsive gambling, is deep in debt, and struggles to lead a functional life, is there a way to place their name on a 'blacklist' or another type of registry to prevent them from accessing online gambling sites?

While there ought to be such a list, I haven't come across any that exists. Even if there were, it’s likely that the individual would need to self-enroll. Reputable internet casinos maintain their own lists for self-exclusion, and I've heard of cases where gamblers receive refunds if they prove they’re undergoing treatment.

Barbara from Englewood

During our draw poker game, a player attempted to enhance their pair by using a high card kicker. This seems counterintuitive to me. Does utilizing a kicker actually increase your chances of upgrading a pair in five-card draw poker?

If you possess only a low pair, your odds of improving to a two pair or better stand at 28.714%. However, when you also have a kicker, your chances of enhancing your hand to at least two pair is reduced slightly to 25.902%. Therefore, holding just the pair offers a better chance of improvement. Yet if you’re aiming for a strong two pair or better to win the hand, that probability might be favorable when including the kicker, depending on the specific cards involved and your interpretation of what qualifies as 'strong'.

Jim from Albuquerque, NM

In online poker, are the cards predetermined and fixed, akin to what you’d find with an actual deck of cards, or does the random number generator (RNG) continuously produce randomness before each card is dealt, making every card a surprise?

Each card dealt is random, regardless of whether the RNG is actively generating numbers before each deal or not. I’m not entirely certain whether the RNG continues generating, but from a mathematical perspective, it doesn't impact the outcome.

Andy from Indianapolis

What happens to the jackpot that remains unclaimed when a progressive game is halted? Shouldn’t the accumulated amount beyond the base be redistributed to players since it was part of the overall payout?

What happens with accrued money in a progressive slot According to regulation 5.110.5(c) established by the Nevada Gaming Control Board, the licensee is required to transfer the progressive jackpot to another game of the same type within the same facility.

Roger from Dallas, Texas

I've always wanted to try my hand at NFL betting strategies, but I've struggled to find a reliable, preferably free platform to download historical data by team. Do you have any recommendations? My ideal choice would be download-ready files, as copy-pasting from a webpage can be quite cumbersome, but I'm open to that if necessary. Access to information about weather and turf conditions would also be invaluable.

Personally, I use the NFL Access database available from a particular provider, which comes with a $99 price tag. I’m not aware of any comparable alternatives that are less expensive.

Ed from Indianapolis

What are the probabilities of a pair appearing on the flop in poker? Mr. NFL Many of your responses regarding slot machines reference e-prom technology, which you mention is subjected to regulatory oversight and requires state agency approval before alterations. However, in California, I'm unaware of any regulatory body that mandates Indian casinos to submit changes for prior approval before updating their EPROMs. Can Indian casinos implement changes whenever they choose (yes/no)?

When discussing governmental regulations, I commonly refer to Nevada, as many jurisdictions align closely with its laws. That said, Indian casinos operate largely on a self-regulatory basis. To my knowledge, they can modify EPROM chips at their discretion without accountability to an external authority. Holdem ? ie., A A 10 or 5 Q 5, etc.

Stephen from Addison

13*12* combin (4,2)*4/combin(52,3) = 3744/22100 = 16.941%.

I recall that with a group of 22 people in a room, the odds are even that at least two of them will share a birthday (month and day, not the year). I've forgotten how to calculate this mathematically. Could you assist with that?

Fred from Bonita

I believe I've responded to this before, but the threshold for achieving a 50/50 likelihood is closer to 23 individuals. To simplify things, let's disregard leap years. The detailed explanation involves arranging the 23 individuals in some manner. The chance that the second person has a different birthday from the first is 364 out of 365. The third person's likelihood of sharing a different birthday from both the first and second (assuming both have unique birthdays) is 363 out of 365. This pattern continues until the 23rd person. The overall probability thus becomes (364/365)*(363/365)*...*(343/365), resulting in a 49.2703% chance of no shared birthday. Consequently, the probability of at least one match is 50.73%. An alternative method is to compare the total permutations of 23 different birthdays against the total possible ways to select 23 random numbers from 1 to 365, which is outlined in further detail below.

Firstly, I want to express appreciation for your excellent website. I visited Las Vegas for the first time last summer and played double-deck blackjack at the Orleans. I observed that after the dealer shuffled both decks, they asked players to cut the deck, but many opted not to. I had no qualms about cutting it myself. Is there some superstition associated with cutting the deck in blackjack that I might not be aware of, or is there a more rational explanation?

Dean from Bainbridge Island, WA

I would estimate that roughly one-third to half of players initially choose to decline cutting the deck. However, if everyone refuses, at least one person must step forward to do it. Occasionally, players hesitant to cut will explain their reasoning, saying things like 'I don't want to take the blame for a poor shoe' or 'I'm unlucky.' While I've never formally articulated it, there's clearly a superstition that suggests only a capable cutter should perform this task as it impacts the shoe's outcome. Yet, I assure you, this belief is unfounded. For casual play, it doesn't matter who cuts the deck or where they do so. permut (365,23)/36523= 42,200,819,302,092,400,000,000,000,000,000,000,000,000,000,000,000,000,000,000 / 85,651,679,353,150,300,000,000,000,000,000,000,000,000,000,000,000,000,000,000 = 49.27%.

Strategies backed by mathematical principles for games in casinos such as blackjack, craps, roulette, and many others. blackjack Please check your email inbox for the confirmation message, and follow the provided link to finish registering.

Sam from Price

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