A few months ago, I wrote a column about how some players are misapplying expected value calculations. The column focused on a particular play of shoving a wide range of hands when playing heads up ...

The Powerball jackpot is above $400 million and Mega Millions' jackpot is above $300 million as of Tuesday morning. Though those are pretty big prizes, working through the math of how lotteries work ...

This article is concerned with showing that the dependence of probable success between two reservoirs has far-reaching consequences for the expected value, volatility, and cumulative probability of ...

Whether you’re a novice bettor or a seasoned veteran, you’ve almost certainly heard of positive expected value betting. After all, there are betting influencers and podcast hosts who talk about the ...

Discover how net premiums are calculated and differ from gross premiums in insurance. Learn essential tax implications and expense considerations for better financial planning.

There is a long-standing argument in the poker world between the math guys and the instinct guys. I have always been a proponent of the math side, as every decision made in poker has an underlying ...