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Probability, Odds, and a Bit of Luck: What You Need to Succeed

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IN THIS CHAPTER

Coming to terms with the concept of luck

Figuring out probability and odds

Understanding how casinos make money

Hedging your bets

Steering clear of common gambling mistakes

When Kevin told a friend he was writing this book, his friend laughed and said the title was appropriate because “only dummies would ever gamble.” Although it’s true that most people who gamble do lose, the real dummies are the ones who take on the casinos without first educating themselves — especially on concepts about probability and odds, understanding the house edge, and identifying which games offer the best chance for success.

Sounds like the intro to a lecture in higher mathematics? Don’t worry; this chapter is brief — just enough to prepare you to walk through those casino doors, make sound gambling choices, and get wise to certain myths and superstitions.

Casino Gambling For Dummies

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