gambling

Ellen Mulvey ran up huge betting losses online and wrote ‘addiction is the worst disease’ before she died A family is calling for wholesale reform of the gambling industry after an inquest heard details of the life and death of Ellen Mulvey, a “generous and caring” woman with a high-flying City job who also had a secret addiction. Mulvey’s family believe she lost hundreds of thousands of pounds g…

As some of the long-time readers of this blog know, in this column I have occasionally discussed probability calculations in the context of gambling and betting. A long time ago I also famously won a $1000 bet on the LHC not discovering any new physics . Below I will mention a similar bet that ended up not being agreed upon by the parties, for the sake of discussing a subtle effect one has to wor…

The rise of the internet has greatly changed gambling, making online form a regular activity. In the UK, this change […]

Bookmakers use odds to attract customers, balance their books, and make profits. They set their odds based on their own […]

I went back to my school a couple of weeks ago and gave a talk. I felt I’d given various incarnations of a talk on card-shuffling too many times, so it was time for a new topic. The following post (and … Continue reading →