Learn about probability, gambling strategies, and the mathematics behind games of chance
The Martingale betting system promises guaranteed wins by doubling your bet after every loss. It sounds foolproof — but the mathematics tell a different story. Learn why this centuries-old strategy is a mathematical trap.
The Martingale betting system promises guaranteed profits by doubling after losses. Here's the mathematical proof of why it fails and how casinos exploit this popular strategy.
Having a high win rate doesn't guarantee profits. Learn why even winning 9 out of 10 bets can drain your bankroll and how asymmetric risk destroys capital.
Expected Value (EV) is the single most important concept in gambling. Master this simple calculation and you'll instantly understand which bets are smart and which are sucker bets.