[vpFREE] Re: Gambling with an Edge --- August 2

 

Here are some random probability and gambling related ideas it would be interesting to discuss from game shows.

It might be fun to cover basic optimal strategy for final Jeopardy and daily doubles at some point. I see so many people screw daily doubles up but most people have a reasonable sense of how to play final Jeopardy.

Guessing on the old version of who wants to be a millionaire. Like if you are at 64K going for 125K, when is it optimal to guess? What assumptions do you need about future questions?

Is it ever optimal to throw initial bids on the price is right (intentionally lose)? (If there is one car per 3 contestants, you get information by throwing the first challenge)

--- In vpFREE@yahoogroups.com, Bob Dancer <bobdancervp@...> wrote:
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> We announced a visit tonight by gambling tax expert Anne
> Fried-Lefton. Unfortunately I got my dates wrong and Anne is actually scheduled
> for NEXT week and does indeed promise to be there. She was willing to speak
> tonight anyway if we were really stuck for a guest, but it wasn't the right
> time for us to insist. She was in a pretty bad traffic accident recently, and
> while she will recover, currently she's on a lot of pain meds so she's not at
> her best.
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> Shack and I are going to continue on the televised game show
> theme tonight. While not directly related to casino gambling, it's not that far
> removed. Getting on these shows and doing well against other opponents requires
> many of the same skills you need to compete in casino tournaments, poker, and
> other casino games.
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> Plus a reader sent in a Jeopardy! story for me to share
> that is a lot of fun.
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> GWAE
> may be heard live Thursday evenings from 7-8 in Las Vegas on 1230 AM or from www.klav1230am.comfrom
> anywhere. The shows are archived the next day on bobdancer.com. You may
> subscribe for free from iTunes to get the podcasts delivered automatically to
> your device.
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> [Non-text portions of this message have been removed]
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