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Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or the vig) is the fee charged by a bookmaker for accepting a gambler's wager. In American English , it can also refer to the interest owed a loanshark in consideration for credit.
Poker calculators are algorithms which through probabilistic or statistical means derive a player's chance of winning, losing, or tying a poker hand. [ 1 ] [ 2 ] Given the complexities of poker and the constantly changing rules, most poker calculators are statistical machines, probabilities and card counting is rarely used.
Example of the optimal Kelly betting fraction, versus expected return of other fractional bets. In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a sequence of bets by maximizing the long-term expected value of the logarithm of wealth, which is equivalent to maximizing the long-term expected geometric growth rate.
Arbitrage betting involves relatively large sums of money, given that 98% of arbitrage opportunities return less than 1.2%. [2] The practice is usually detected quickly by bookmakers, who typically hold an unfavorable view of it, [3] and in the past this could result in half of an arbitrage bet being canceled, or even the closure of the bettor's account.
The TI-108 is a simple four-function calculator which uses single-step execution.. The immediate execution mode of operation (also known as single-step, algebraic entry system (AES) [7] or chain calculation mode) is commonly employed on most general-purpose calculators.
The primary reason for such advocacy is that computer algebra systems represent real-world math more than do paper-and-pencil or hand calculator based mathematics. [12] This push for increasing computer usage in mathematics classrooms has been supported by some boards of education.
Mental calculation consists of arithmetical calculations using only the human brain, with no help from any supplies (such as pencil and paper) or devices such as a calculator. People may use mental calculation when computing tools are not available, when it is faster than other means of calculation (such as conventional educational institution ...
Excess-3, 3-excess [1] [2] [3] or 10-excess-3 binary code (often abbreviated as XS-3, [4] 3XS [1] or X3 [5] [6]), shifted binary [7] or Stibitz code [1] [2] [8] [9] (after George Stibitz, [10] who built a relay-based adding machine in 1937 [11] [12]) is a self-complementary binary-coded decimal (BCD) code and numeral system.