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Practice Matters

When you double the insurance on your car you are both gambling

When you double the insurance on your car you are both gambling and making use of the theory of probability. The whole gigantic life-insurance business is based on the actuarial mortality tables, which are just a list of probabilities. Any businessman drafting a budget or schedule or sales program is applying a theory of probabilities.

The theory holds rigorously true for all Poker games. Each player,

The theory holds rigorously true for all Poker games. Each player, the theory goes, will in the long run be dealt an approximately equal number of good and bad cards, good and bad hands.

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