Skip to main content

American Roulette: A Gambler's Ruin

Buy Article:

$20.00 plus tax (Refund Policy)

Abstract:

American Roulette provides rich examples of Gambler's Ruin. We use the mathematics of difference equations, and then Markov chain matrix methods, to explore success probabilities under various betting strategies. Ultimately, ruin is likely for the gambler under each betting strategy, but we see interesting results along the way.

Document Type: Research Article

DOI: https://doi.org/10.4169/college.math.j.45.1.033

Publication date: 2014-01-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more