gambling

Quoted: In probability theory, the Kelly criterion, or Kelly formula, or Kelly bet, is a formula used to maximize the long-term growth rate of repeated plays of a given gamble that has positive expected value.

My friend, Richard, loves to play video poker (and Texas Hold-em, and Blackjack). He was DOWN $150,000 (yes!) and then hit a $240,000 jackpot....TWICE... over two days. Talk about roller-coaster.

The episode ended up with him being banned from Harrahs - and then re-instated...so he could play in World Series of Poker.

6 bucks for something cool or random crap

What are you saying, Devericks? That there is hypocrisy in the law and politics? Why I never!

I think we should start coming up with posts like this for the Blue Dot blog. This is one of the most enjoyable reads I've found yet over at the Signal vs. Noise blog. It's thoughtful, not really about website design or development but speaks about providing an end to end experience - in this case, how casino's influence people to hand over their money.

I'm in the Vegas airport for a few more minutes...might play a few rounds of blackjack on the machines. Here's a basic strategy table.

Update: They have no blackjack machines in the airport. Seems like they only have the highest risk (slot) machines.