Someone will say the odds are against them, which we discuss, but someone else usually points out that the house cannot lose because the house is not using its money, but the players' money, for prizes. We discuss the concept of expected value and relate it to casino games. We conclude with a brief discussion of the gambler's ruin. Or suppose you were really rich, like Ivana Trump after the settlement. No matter how rich you might be, if you play the lottery long enough, you will eventually run out of money.
Students leave with a much clearer understanding of their prospects.
Many people find a great deal of enjoyment in playing. It is important, however, for players to have a realistic view of their chances of success. In particular, playing more often does not increase the likelihood of success, as I have defined it. Students become really engrossed in the game and surprise their teachers with their enthusiastic questions. Cheering, clapping and groaning frequently take place.