This column is the first of a series on probability. My intention is to give you some basic understanding of probability theory and discuss some of its practical applications. Mathematical thinking in ...

There are 36 cards labeled with the numbers 1 through 36 and then placed face down on a table. If four cards are revealed one after the other, what is the probability that each card’s number is larger ...

ON 8 September 1526, the Blessed Virgin’s birthday, Jerome Cardano was in Venice. While others were praying, Cardano was playing cards at the house of senator Thomas Lezun. He was confident that his ...

All gamblers must understand the concept of equity. Equity should be the guiding principle for almost every decision you will ever make. Equity is often referred to as expectation, mathematical ...