Casino Royale. Fair Dice Game Shooter wins … Fixed Dice Game Modesty wins …

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Presentation transcript:

Casino Royale

Fair Dice Game Shooter wins …

Fixed Dice Game Modesty wins …

Lisa strikes back

Lisa’s worst case

Lisa’s 2 nd worst case

Lisa’s best case

Lisa’s edge Hence, if Lisa’s die shows 2 one third of the time and shows 1, 3, 4 and 5 each one sixth of the time, then Modesty wins 5/9 (55.6%) of the time But Lisa is paid 1.5 times for each win Therefore, Lisa’s margin per game is +1/9 (11.1%) of the stake

Lisa’s Casino advice Don’t go into a casino thinking it’s a way of making money Treat it as entertainment which you have to pay for Pick games with low house odds Set yourself limits on how much you are prepared to lose and win!