Overview of the nature and development of gambling from the perspective of probability

Research Article
Open access

Overview of the nature and development of gambling from the perspective of probability

Siyi Shen 1*
  • 1 king’s college London    
  • *corresponding author shen07132023@163.com
Published on 17 November 2023 | https://doi.org/10.54254/2753-8818/12/20230436
TNS Vol.12
ISSN (Print): 2753-8826
ISSN (Online): 2753-8818
ISBN (Print): 978-1-83558-135-3
ISBN (Online): 978-1-83558-136-0

Abstract

In 1654, Pascal and Fermar discussed how two gamblers should fairly divide their winnings after a break in play, and they came up with the right answer for the first time. Many gamblers are convinced that luck is always on their side and the odds of victory are always in their hands because gambling that is based on random games does not require too many skills and strategies to gamble based on the gambler's luck and competitiveness. Can gambling activities that draw large numbers of gamblers actually result in a profit? Making a lot of money through sheer luck is a pipe dream, according to the principles of probability that govern random games like winning and losing in gambling. This paper employs a method based on literature reviews to first assess the core of gambling from a probability perspective, then discuss the previous contributions of gambling, and lastly discuss the significance of probability and the future development of gambling.

Keywords:

probability, gambling, social welfare

Shen,S. (2023). Overview of the nature and development of gambling from the perspective of probability. Theoretical and Natural Science,12,73-77.
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References

[1]. HU Shunqi, KONG Weili. Statistical Analysis of Nine Losses in Ten Gambling[J]. China Statistics,2016(02):68-69.

[2]. John S Croucher. Using Probability Intervals to Evaluate Long-Term Gambling Success [J]. Teaching Statistics, 2001, 22(2):42-44.

[3]. Paul Slovic, Agata Michalaszek. The relative influence of probabilities and payoffs upon perceived risk of a gamble [J]. Polish Psychological Bulletin, 2010, 42 (2):46-51.

[4]. Junyue He. Analysis of logical reasoning and probability problems in illegal gambling[J]. China International Finance and Economics (in Chinese and English),2018(06):288-289.

[5]. Haimin Wang, Jinjuan Ma, Heng Zhao, Xuesong Zhou. Probability analysis of winning numbers in double-color lottery [J]. Journal of Taiyuan Normal College(Natural Science Edition) ,2018,17(01):15-20.

[6]. FENG Jinshun,LI Jie. Analyzing the essence of gambling with mathematical knowledge[J]. Journal of Shangqiu Vocational and Technical College,2014,13(05):1-3.

[7]. YIN Guangbin,ZHANG Haiyan,HAO Yangling. Probability problems in gambling[J]. Science and Technology Information(Science Teaching and Research),2008(23):24+64.

[8]. Hu Xiaofei. Mathematics generated by gambling - the origin and development of probability theory[J]. Science and Technology Wind,2013(18):189.

[9]. Bernadeta Lelonek-Kuleta, Rafal Piotr Bartczuk. Online Gambling Activity, Pay-to-Win Payments, Motivation to Gamble and Coping Strategies as Predictors of Gambling Disorder Among e-sports Bettors [J]. Journal of Gambling Studies, 2021 (2)33-34.

Cite this article

Shen,S. (2023). Overview of the nature and development of gambling from the perspective of probability. Theoretical and Natural Science,12,73-77.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 2023 International Conference on Mathematical Physics and Computational Simulation

ISBN：978-1-83558-135-3(Print) / 978-1-83558-136-0(Online)
Editor：Roman Bauer
Conference website: https://www.confmpcs.org/
Conference date: 12 August 2023
Series: Theoretical and Natural Science
Volume number: Vol.12
ISSN：2753-8818(Print) / 2753-8826(Online)

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References

[1]. HU Shunqi, KONG Weili. Statistical Analysis of Nine Losses in Ten Gambling[J]. China Statistics,2016(02):68-69.

[2]. John S Croucher. Using Probability Intervals to Evaluate Long-Term Gambling Success [J]. Teaching Statistics, 2001, 22(2):42-44.

[3]. Paul Slovic, Agata Michalaszek. The relative influence of probabilities and payoffs upon perceived risk of a gamble [J]. Polish Psychological Bulletin, 2010, 42 (2):46-51.

[4]. Junyue He. Analysis of logical reasoning and probability problems in illegal gambling[J]. China International Finance and Economics (in Chinese and English),2018(06):288-289.

[5]. Haimin Wang, Jinjuan Ma, Heng Zhao, Xuesong Zhou. Probability analysis of winning numbers in double-color lottery [J]. Journal of Taiyuan Normal College(Natural Science Edition) ,2018,17(01):15-20.

[6]. FENG Jinshun,LI Jie. Analyzing the essence of gambling with mathematical knowledge[J]. Journal of Shangqiu Vocational and Technical College,2014,13(05):1-3.

[7]. YIN Guangbin,ZHANG Haiyan,HAO Yangling. Probability problems in gambling[J]. Science and Technology Information(Science Teaching and Research),2008(23):24+64.

[8]. Hu Xiaofei. Mathematics generated by gambling - the origin and development of probability theory[J]. Science and Technology Wind,2013(18):189.

[9]. Bernadeta Lelonek-Kuleta, Rafal Piotr Bartczuk. Online Gambling Activity, Pay-to-Win Payments, Motivation to Gamble and Coping Strategies as Predictors of Gambling Disorder Among e-sports Bettors [J]. Journal of Gambling Studies, 2021 (2)33-34.

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