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Reason #5 why the Wizard likes Bovada: Intelligent Bonuses Many online casinos offer huge signup bonuses, but there’s a catch. Buried in the fine print is that play on the most popular games doesn’t count towards earning the bonus. It’s common for play on blackjack, baccarat, roulette, craps, and video poker to be excluded. In many cases, only slots count. And that’s if you can even find the terms and conditions. Many casinos put their 100% bonus in big flaming letters but make you hunt all over their site to find the rules. Bovada allows play on all games to count towards the wagering requirement. It’s that simple. Just no opposite betting. All casinos ought to be as easy as Bovada about this. The bonus offer itself is simple too: on your first deposit, they’ll give you an extra 10%. If you deposit $100, you’ll wind up with $110 in chips or tokens. Finally, in the unlikely event that Bovada feels you’ve been abusing their bonuses they won’t seize your winnings like most other casinos will. In the worst case scenario they will politely tell you that they will not be offering you any future bonuses, but you are welcome to keep playing and keep everything you have made already. |
Ask the Wizard #247Edition Date: Feb 17, 2010 Thank you for the opportunity to win an autographed copy of your book by predicting the exact score of the Super Bowl. However, isn’t the expected value pretty low? I figure the probability of winning is about 1 in 300. |
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| Single-Team Totals in the NFL 2000-2009 Seasons | ||
| One-Team Total | Total in Sample | Probability |
| 0 | 93 | 1.75% |
| 1 | 0 | 0.00% |
| 2 | 0 | 0.00% |
| 3 | 148 | 2.79% |
| 4 | 0 | 0.00% |
| 5 | 2 | 0.04% |
| 6 | 114 | 2.15% |
| 7 | 210 | 3.96% |
| 8 | 9 | 0.17% |
| 9 | 76 | 1.43% |
| 10 | 316 | 5.96% |
| 11 | 9 | 0.17% |
| 12 | 49 | 0.92% |
| 13 | 289 | 5.45% |
| 14 | 238 | 4.49% |
| 15 | 55 | 1.04% |
| 16 | 170 | 3.21% |
| 17 | 373 | 7.03% |
| 18 | 33 | 0.62% |
| 19 | 92 | 1.73% |
| 20 | 368 | 6.94% |
| 21 | 234 | 4.41% |
| 22 | 64 | 1.21% |
| 23 | 218 | 4.11% |
| 24 | 347 | 6.54% |
| 25 | 47 | 0.89% |
| 26 | 103 | 1.94% |
| 27 | 282 | 5.32% |
| 28 | 159 | 3.00% |
| 29 | 52 | 0.98% |
| 30 | 127 | 2.39% |
| 31 | 242 | 4.56% |
| 32 | 23 | 0.43% |
| 33 | 57 | 1.07% |
| 34 | 164 | 3.09% |
| 35 | 76 | 1.43% |
| 36 | 27 | 0.51% |
| 37 | 68 | 1.28% |
| 38 | 108 | 2.04% |
| 39 | 11 | 0.21% |
| 40 | 21 | 0.40% |
| 41 | 62 | 1.17% |
| 42 | 31 | 0.58% |
| 43 | 6 | 0.11% |
| 44 | 24 | 0.45% |
| 45 | 33 | 0.62% |
| 46 | 1 | 0.02% |
| 47 | 7 | 0.13% |
| 48 | 28 | 0.53% |
| 49 | 15 | 0.28% |
| 50 | 1 | 0.02% |
| 51 | 5 | 0.09% |
| 52 | 7 | 0.13% |
| 53 | 0 | 0.00% |
| 54 | 2 | 0.04% |
| 55 | 1 | 0.02% |
| 56 | 4 | 0.08% |
| 57 | 1 | 0.02% |
| 58 | 1 | 0.02% |
| 59 | 1 | 0.02% |
| Total | 5304 | 100.00% |
This question was raised and discussed in the forum of my companion site Wizard of Vegas
.
| Dice Test Data | |
| Dice Total | Observations |
| 2 | 6 |
| 3 | 12 |
| 4 | 14 |
| 5 | 18 |
| 6 | 23 |
| 7 | 50 |
| 8 | 36 |
| 9 | 37 |
| 10 | 27 |
| 11 | 14 |
| 12 | 7 |
| Total | 244 |
The chi-squared test
is perfectly suited to this kind of question. To use the test, take (a-e)2/e for each category, where a is the actual outcome, and e is the expected outcome. For example, the expected number of rolls totaling 2 in 244 throws is 244×(1/36) = 6.777778. If you don’t understand why the probability of rolling a 2 is 1/36, then please read my page on dice probability basics. For the chi-squared value for a total of 2, a=6 and e=6.777778, so (a-e)2/e = (6-6.777778)2/6.777778 = 0.089253802.
| Chi-Squared Results | |||
| Dice Total | Observations | Expected | Chi-Squared |
| 2 | 6 | 6.777778 | 0.089253 |
| 3 | 12 | 13.555556 | 0.178506 |
| 4 | 14 | 20.333333 | 1.972678 |
| 5 | 18 | 27.111111 | 3.061931 |
| 6 | 23 | 33.888889 | 3.498725 |
| 7 | 50 | 40.666667 | 2.142077 |
| 8 | 36 | 33.888889 | 0.131512 |
| 9 | 37 | 27.111111 | 3.607013 |
| 10 | 27 | 20.333333 | 2.185792 |
| 11 | 14 | 13.555556 | 0.014572 |
| 12 | 7 | 6.777778 | 0.007286 |
| Total | 244 | 244 | 16.889344 |
Then take the sum of the chi-squared column. In this example, the sum is 16.889344. That is called the chi-squared statistic. The number of "degrees of freedom" is one less than the number of categories in the data, in this case 11-1=10. Finally, either look up a chi-squared statistic of 10.52 and 10 degrees of freedom in a statistics table, or use the formula =chidist(16.889344,10) in Excel. Either will give you a result of 7.7%. That means that the probability fair dice would produce results this skewed or more is 7.7%. The bottom line is while these results are more skewed than would be expected, they are not skewed enough to raise any eyebrows. If you continue this test, I would suggest collecting the individual outcome of each die, rather than the sum. It should also be noted that the chi-squared test is not appropriate if the expected number of outcomes of a category is low. A minimum expectation of 5 is a figure commonly bandied about.
Not that you asked, but the probability of one pair is 16×combin(15,2)×22/combin(32,4)=18.69%.
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This question was raised and discussed in the forum of my companion site Wizard of Vegas
.
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