14.11.2012 Views

Poker Math That Matters

Poker Math That Matters

Poker Math That Matters

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Getting Started with<br />

Numbers<br />

Working with Fractions, Percentages and Ratios<br />

Let’s get started by introducing some gambling terms. The first<br />

term to introduce is probability. Probability is used to describe<br />

the number of times a thing will happen out of the total chances<br />

for it to happen. This is written as a fraction.<br />

1<br />

7<br />

This fraction is read aloud “1 out of 7”. The total number of<br />

possible outcomes is on the bottom (7), and the target outcome is<br />

on the top (1).<br />

Let’s look at an example. You are standing in front of four<br />

doors. Behind one of these doors is a new car. What is the<br />

probability that you pick the door with the car behind it? Let’s<br />

start with the bottom number of the fraction. Again, this is the<br />

number of total outcomes. You have four total outcomes. You<br />

could pick any one of the four doors. So, the number four goes<br />

on the bottom. The top number is the number of target<br />

outcomes. There is only one door with a car behind it, so you<br />

only have one target outcome. The number one goes on the top.<br />

The probability of you picking the car is one out of four ( 1<br />

4 ).<br />

How about rolling a die? What is the probability of rolling a 5?<br />

Let’s start with the bottom number again. There are six total<br />

23

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!