I ended my last column in this series by mentioning a type of erroneous thinking about probability known as the gambler’s fallacy. Basically, this is the mistaken belief that a series of deviations in ...

Many people mix up odds and probability at casino tables. These words sound the same but mean different things. Knowing both helps you play smarter. The math behind them changes how much you win and ...

We all want to have luck – good luck, that is. We want to avoid bad luck. Luck comes and goes. Some days the cards just seem to fall into place, and you are a big winner. But other days, the opposite ...