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Devices that embody randomness have been used in leisure for at least 5, years. So roulette easily gives the best chance of getting that shiny Maserati for a dollar. If you would like to comment on this story or anything else you have seen on Future, head over to our Facebook page or message us on Twitter. Even the Emperor Claudius played obsessively and wrote a book called How to win at dice. Share using Email. Playing the odds So back to the Maserati, and which of the three gambling options would give you the best odds. Not until the Chevalier de Mere , it seems. People continued for centuries to make bets and quote odds: in Paris in you could get 5 to 1 against the Spanish Armada sailing to invade England , although this was probably a ruse by the Spanish. A modern counterpart is the Duckworth-Lewis method in cricket, used for allocating runs scored by a team when a match is stopped by the weather โ€” which in England is pretty much all the time.

While you think about this, you might be surprised to discover how far back our urge for gambling stretches. If you thought the game of cricket is difficult to understand, the Duckworth-Lewis method is almost please click for source incomprehensible to even the most ardent fan.

The probability of this happening is 1 in 2,, which is about my chance of having a heart attack or stroke in the half-hour it takes for me to go to the shop best gambling options the ticket. Which leaves the roulette wheel. Until recently, that is. Calculated risk What just click for source remarkable is that in all this time, right up until the Renaissance, nobody analysed gambles mathematically.

So back to the Maserati, and which of the three gambling options would give you the best odds. The ancient Egyptians, presumably when nothing good was on television, sat around and played board games in which moves were decided by throwing an astragalus, which is a bone in the heel that can land on one of four sides.

Gambling became so popular that the Romans tried to restrict it to Saturdays. By David Spiegelhalter 6th June Our resident statistician looks through the numbers to discover which form of betting gives you the best chance of winning a six-figure sum. Heavy gambling has again brought best gambling options to the fore; and more worrying is the ability to bet on every minor detail of the match, known as spot-fixingwhich has led to high-profile cases of players see more bribed to mess up specific bowls.

By chance or fate he brought the problem to two of the smartest mathematicians at that or any other time, Blaise Pascal and Pierre de Fermat.

This could be partly because people thought the outcomes were decided by some external force of fate, but it is now thought that the gap between theory and practice was too great, and best gambling options no-one had the idea of putting a number on chance - in other words calculate probability.

What if you were to go for an accumulator on the horses, that is, pick a race meeting with six races, and in each race choose a horse at medium odds of around 6 to 1 against? Around the BBC.

The Chevalier was a very perceptive gambler in Paris in the s, and he reckoned that odds were slightly in his favour of getting a six in four throws of a single dice, but that the odds were slightly against him of throwing two dice and getting a double 6 in 24 throws. What is remarkable is that in all this time, right up until the Renaissance, nobody analysed gambles mathematically. No surprise, then, to hear that statisticians designed it.