Conditional Probability: The probability of an event occurring given that another event has already occurred, fundamental to statistical inference and decision-making processes.

In statistics, a frequentist interpretation looks only at the simple probability. But Bayes' theorem works with conditional information rather than just looking at a positive result, says Adam Frank.

I recently played in a $20,000 buy-in no-limit hold'em invitational tournament at Wynn Las Vegas. It was a short field of 23 players and would air live on FoxSportsNet.