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Old 01-09-2007, 03:59 PM   #134
Schneed10
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Join Date: Feb 2005
Location: Newtown Square, PA
Age: 46
Posts: 12,458
Re: Civil Discussion About Religion

My undergrad was a lot harder than grad school, as well. I think the professors tended to get on our asses a lot harder because they knew that if they didn't, we'd be back in our apartment playing beer pong all night. You're right, grad school professors didn't tend to push as hard.

Jsarno, there's just no way I can get through to you on your roulette system. I'll let these guys from the Wizard of Odds, with PhDs in statistics, do the explaining:

♠The Truth about Betting Systems - by The Wizard of Odds

Quote:
The biggest gambling myth is that an event that has not happened recently becomes overdue and more likely to occur. This is known as the "gambler's fallacy." Thousands of gamblers have devised betting systems that attempt to exploit the gambler's fallacy by betting the opposite way of recent outcomes. For example, waiting for three reds in roulette and then betting on black. Hucksters sell "guaranteed" get-rich-quick betting systems that are ultimately based on the gambler's fallacy. None of them work. If you don't believe me here is what some other sources say on the topic.

A common gamblers' fallacy called 'the doctrine of the maturity of the chances' (or 'Monte Carlo fallacy') falsely assumes that each play in a game of chance is not independent of the others and that a series of outcomes of one sort should be balanced in the short run by other possibilities. A number of 'systems' have been invented by gamblers based largely on this fallacy; casino operators are happy to encourage the use of such systems and to exploit any gambler's neglect of the strict rules of probability and independent plays. -- Encyclopedia Britannica (look under "gambling.")
No betting system can convert a subfair game into a profitable enterprise... -- Probability and Measure (page 94, second edition) by Patrick Billingsley

The number of 'guaranteed' betting systems, the proliferation of myths and fallacies concerning such systems, and the countless people believing, propagating, venerating, protecting, and swearing by such systems are legion. Betting systems constitute one of the oldest delusions of gambling history. Betting systems votaries are spiritually akin to the proponents of perpetual motion machines, butting their heads against the second law of thermodynamcis. -- The Theory of Gambling and Statistical Logic (page 53) by Richard A. Epstein
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